CIMB Bank Berhad has secured Infineon Technologies (M) Sdn. Bhd. Melaka as customer for its payroll banking solution which makes the group’s largest payroll onboarding initiatives.
The CIMB@Work provides convenient salary banking experience alongside selected preferential privileges, lower entry requirements for selected CIMB credit cards and preferential rates on selected financing products.
Eng Seng Meng, Senior Vice President & Managing Director of Infineon Melaka said, “Entrusting CIMB with the payroll banking transition for more than 10,000 employees marks an important milestone in our partnership. We are pleased to collaborate with a trusted banking partner that has delivered a seamless implementation while ensuring our employees have access to a
comprehensive suite of financial solutions and value-added banking benefits. This collaboration reflects our shared commitment to enhancing the employee experience through greater convenience and we look forward to strengthening our partnership in the years ahead.”
The solution also provides employees 20% cashback on tolls and transits, as well as 20% cashback on overseas spend with the CIMB Visa Debit Card. Other benefits include lower income requirement for applications to selected CIMB credit cards while
there is also no income document requirement for selected CIMB credit cards and the Cash Plus Personal Loan (“CPL”). Preferential financing rates for CPL, and Term-Financing-i secured by Amanah Saham Berhad (“ASB”) are also available for CIMB@Work customers.
Outward Foreign Telegraphic Transfers performed at CIMB branches will enjoy preferential foreign exchange rates, and employees can manage their salary, savings and bills anytime through the CIMB OCTO app.
