CIMB adds MesinKira to suite of digital solutions for MSMEs
Kuala Lumpur: CIMB Bank Berhad and CIMB Islamic Bank Berhad (CIMB) announced a partnership with ModulEight Technologies Sdn Bhd to onboard MesinKira, an integrated mobile business management solution to support the growth and digitalisation for micro, small and medium enterprises (MSMEs).
This latest addition complements CIMB’s holistic suite of digital solutions which provides the assistance needed for businesses to continue thriving, whilst encouraging digital adoption amongst MSMEs.
MesinKira is a commercial platform that offers point-of-sale software including inventory management, payment and accounting, and reporting services to MSMEs.
Its comprehensive suite of digital empowerment tools is aimed at aiding businesses in key business operation areas from a wide range of trades and industries to help accelerate business growth in a simple and efficient manner.
One ofMesinKira’s key solutions is its integrated inhouse financial analysis and reporting function which adheres to regulatory compliance and exhibits precise data management, while maintaining accounting best practices.
The collaboration was sealed at a signing ceremony held in Kuala Lumpur with CIMB represented byhead of commercial banking and SME banking
Jaya Balan Kathiravalu while MesinKira was represented by its chief executive officer Syed Omar Syed Abu Bakar Almohdzar.
Witnessing the ceremony were CIMB Group deputy chief executive officer of group commercial banking Ahmad Shazli Kamarulzaman and MesinKira chief financial officer Muhammad Siddiq Abdul Rashid.
CIMB Group chief executive officer of group commercial banking Victor Lee Meng Teck said, “As a purpose-driven organisation that continues to prioritise customer centricity, CIMB is pleased to welcome MesinKira as the latest partner to our selection of business transformation tools made available to our MSME customers.
“The availability of this digitalfirst and cost-efficient solution is a highly practical value-add to MSMEs which will enable them to leverage business opportunities in the e-commerce sphere.
“This latest offering also reaffirms CIMB’s continued commitment to support the development of MSME businesses, which form the backbone of the Malaysian economy, as they continue to accelerate their business growth post-pandemic.”
MesinKirais the latest solution extended to CIMB’s SME customers to ease the transition to digitisation by lowering the barrier to entry for businesses wishing to digitise their operations.
The MSMEs will also be invited to complimentary webinars and workshops that include tutorials on the importance and methods of digitising business operations, as well as MesinKira’s digital payment function for businesses.
CIMB is currently offering a special deal to its existing SME customers where they will be able to enjoy a three-month fee waiver on any MesinKira subscription packages, available from 4 November 2022 until 31 December 2023.
Additionally, an exclusive offer is also extended to MESINKIRA’s existing merchants to open a CIMB Business Current Account-i with a minimum deposit of RM500 instead of the usual minimum requirement of RM1,000.