AmBank has collaborated with eCommerce pioneer, Lazada to provide holistic solutions and additional facilities to further empower Malaysia’s Micro, Small and Medium Enterprises (MSMEs) sector.
The bank offers business financing up to RM2 million exclusively for local entrepreneurs and sellers on the Lazada Malaysia platform to grow and sustain their online businesses.
“Many MSMEs businesses have been struggling, some even closing down their physical stores and finding alternate channels for business survival such as e-commerce throughout the last two years since the pandemic hit our country. With the shift of consumer behaviour and demographics to online shopping, we believe the demand for eCommerce businesses is also increasing,” Aaron Loo, Managing Director, Retail Banking, AmBank said.
“Through our joint effort with Lazada, we hope that this financing solution can assist many of the local sellers on Lazada, giving the MSMEs opportunity to generate capital to expand their online business and bounce back from the economic impact of the outbreak,” he added.
“In addition, this collaboration will open up opportunities for AmBank merchants to expand their business from offline to online (O2O) on Lazada’s fast growing digital commerce platform and we are very excited to help these merchants embark on their digital journey,” he stressed.
“With the microloans and financial solutions from AmBank, our local sellers would be able to build up their capital and grow their online businesses. We are also looking forward to further collaborate with AmBank in supporting more MSMEs to digitalise their businesses, narrowing the digital gap and bringing more local entrepreneurs onboard under Lazada Malaysia’s Hari-Harimau New Seller Kickstarter Package,” said Darren Rajaratnam, Chief Operating Officer of Lazada Malaysia.
