CIMB aims to empower SMEs in sustaining businesses through series of webinars

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KUALA LUMPUR (May 20): CIMB Bank Bhd and CIMB Islamic Bank Bhd will continue to assist the small and medium enterprise (SME) sector, especially businesses without digital presence, through a series of webinars.

In a statement today, CIMB said the webinars are co-hosted by CIMB's partners, Exabytes, an e-commerce solutions provider specialising in web hosting services, and also Billplz, a provider of simple cash solutions for easy payments.

It said the webinars will help SMEs escalate their digital capabilities.

"Any business owners can participate to find out how they can benefit from the capabilities of an online store platform with a complete suite of complementary services alongside an efficient payment platform for merchants," it said.

CIMB chief executive officer of Group Commercial Banking, Victor Lee Meng Teck, said given the current challenging business climate brought on by the Covid-19 pandemic, digital capabilities are key.

"To ensure businesses sustain and even enjoy growth, customers without online store presence and a digital payment platform are now able to benefit from the digital knowledge of both our partners.

"This is especially important in the current environment, where businesses are facing reduced or limited opportunities for physical operations," he said.

CIMB said through the Digital Retail Package, CIMB Business Current Account/i-SME customers can enjoy heavily discounted packages by Exabytes and Billplz to help them kick-start their digital transformation journey.

It added with the Exabytes Relief Package, SMEs can set up a fully functioning online store within three days, complete with a payment gateway, business email address, copywriting and delivery services. The package starts at RM699, instead of the usual RM1,399.

Billplz, on the other hand, is offering CIMB Business Current Account/i-SME customers two months free on its Standard Membership Package. Billplz's payment form allows SMEs to generate a unique link for their products, receive orders and get paid instantly.

"SMEs can start selling online via social media and chatting platforms without having to share any personal banking details," it added.

Additionally, CIMB is offering a cash incentive of up to RM100 for customers who sign up for these packages, capped at the first 200 customers.

These series of webinars are in addition to the free webinar session that was recently held in April with the bank's e-commerce solution partner, Shopmatic. Besides, webinars will be held until July and participants will be able to open their online store and start selling almost immediately.