KUALA LUMPUR, Aug 15 (Bernama) — AmBank has partnered with Lazada, Southeast Asia’s pioneer eCommerce platform, to provide holistic solutions and additional facilities to further empower Malaysia’s Micro, Small and Medium Enterprises (MSMEs) sector. The bank is offering business financing up to RM2 million exclusively for local entrepreneurs and sellers on the Lazada Malaysia platform to grow and sustain their online businesses.
Aaron Loo, Managing Director, Retail Banking, AmBank said, “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. 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.”
