Maybank Singapore offers companies free option to brand their business credit card
Maybank Singapore aims to grow its business credit card segment by 10% over the next two years.
8 February 2012
Singapore - Maybank Singapore has relaunched the Maybank Business Platinum MasterCard, becoming the first bank to include an option for companies to feature their company logo and name on a business credit card. This exclusive logo personalisation feature is much sought after and is now extended as a complimentary service to allow businesses to showcase their brand to partners and associates, thereby creating an impression whenever it is used. And to better meet the travelling needs of business customers, Maybank has enhanced the suite of travel benefits which currently offer complimentary VIP airport lounge access and travel insurance, to include complimentary limousine airport transfer for Cardmembers when they charge their travel expenses to the Card.
The Maybank Business Platinum MasterCard provides companies with an additional line of credit and offers a one-stop payment solution for all their business expenses. To help companies manage their business expenses in a smarter way, the Maybank Business Platinum MasterCard offers an online expense management tool that lets companies monitor individual employee spend and track the company’s expenses. Furthermore, a consolidated detailed statement for all cards issued will be mailed to the company at the end of each billing cycle, ensuring a clear view of overall company expenditure.
Commenting on the relaunch of the Maybank Business Platinum MasterCard, Alan Lau, Head of Consumer Banking, Maybank Singapore, said “At Maybank Singapore, we review our product offerings from time to time to ensure we stay relevant to the business needs of our customers. The relaunch of the Maybank Business Platinum MasterCard is timely as we seek to grow our business credit card segment by 10% over the next two years, especially through deepening existing relationships with business customers. We strive to better serve the business community by offering this Card as part of a more comprehensive suite of business banking products.”
All Singapore incorporated companies that have been in business for at least three years and with an annual sales turnover of S$100,000 and above are eligible to apply for this Card.
Maybank is Malaysia’s largest financial services group with total assets exceeding RM 412.0 billion as of end June 2011. In Malaysia, Maybank is the number one Bank in terms of reach, assets, loans, net profit and market cap as well as a leader in the fast-growing Islamic banking market. The Group has an extensive global network of 1,750 offices in 14 countries namely Malaysia, Singapore, Indonesia, Philippines, Brunei Darussalam, Vietnam, Cambodia, China, United Kingdom, U.S.A., Bahrain, Papua New Guinea, Pakistan and Uzbekistan.
In Singapore, Maybank is a Qualifying Full Bank (QFB) and has established itself as a niche market player with asset size of SGD 30.2 billion as of end June 2011, and staff strength of approximately 1,400. Maybank Singapore operates one of the largest networks of 22 full service Branches amongst the foreign banks, offering a total of 27 service locations together with its five offsite ATMs. It is also part of atm5 – Singapore's only shared ATM network among six QFBs with a combined reach of more than 140 ATMs.
Maybank Singapore provides a wide range of financing and transactional products and services for local businesses. They include asset financing, cash flow financing, trade financing, cross-border services and payment services. The Bank has established four Business Centres throughout Singapore and a dedicated SME Banking Centre for the convenience of its business customers.
Maybank Singapore believes that human resource is the Bank’s best asset. In 2009, Maybank became the first and only Bank to receive triple certification for Singapore Quality Class, Singapore Service Class and People Developer given out by SPRING Singapore. We pressed on in our pursuit for business excellence and in 2010, Maybank was awarded I-Class status by SPRING Singapore, becoming the first Bank in Singapore to achieve all four certifications at an enterprise level. In the area of employee relations, we received the Excellence in Employee Engagement Award as part of The Asian Banker Excellence in Retail Financial Service Awards 2010. In addition, Maybank also received the Work-Life Excellence Award given out by the Tripartite Committee on Work-Life Strategy, becoming the only Bank to receive this award three times in a row in 2006, 2008 and 2010. In recognition of our fair and merit-based employment practices, Maybank was also conferred the inaugural Exemplary Employer Award given out by the Tripartite Alliance for Fair Employment Practices (TAFEP) in 2010.
To find out more about Maybank Singapore, please visit www.maybank2u.com.sg.