Strategic pact with Lazada paves vital digital path for MSMEs to flex their online business muscle in road to economic recovery
Monday, 15 August 2022 - 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.”
“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 added.
“Lazada is optimistic about this strategic partnership with AmBank, as it will strengthen the eCommerce ecosystem, and address the financial pain points faced by many MSMEs today. 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, Lazada Malaysia.
AmBank’s financing solutions will be made available for Lazada sellers under the Lazada Service Market, where a range of affordable third-party services, as well as essentials supplies, are accessible to assist the sellers’ online store operations. For more information on AmBank financing that have been designed exclusively for Lazada merchants, kindly visit https://www.ambank.com.my/eng/promotions-page/Business-Financing-for-Lazada-Seller.
