AmBank ties up with ezAUTO to boost car sales

AMBANK has formed a strategic partnership with ezAUTO.MY (ezAUTO), an innovative online platform aimed at connecting all car stakeholders, starting with car dealers and end users.

In a statement, AmBank Retail Banking managing director Aaron Loo said the partnership will provide a transparent and risk-free marketplace for small and medium enterprises (SME) dealing with car sales.

“AmBank aims at equipping over 4,325  ezDEALERs (ezAUTO authorised car dealers) with ‘SME-in-a-Box’, a one stop proposition offering comprehensive financial, connectivity and digital solutions for SMEs.

“SME-in-a-Box provides SMEs additional value for their operating account, payroll, transactional services, merchant terminal, cashless payment solutions and offers quick access to working capital financing, among others,” he said.

Apart from Floor Stock facilities with longer interest rebate and repayment tenures, Loo said the deal also offers attractive rates on business current accounts, flexible working capital financing and merchant terminal offer.

He added that ezDEALERs will also benefit from AmBank’s exclusive partnership with Maxis, where they can get savings of up to RM5,000 for their Maxis mobile plan, internet services and business solutions with the Government’s SME Digitalisation Grant.

“The COVID-19 pandemic has indeed jolted the nation and particularly, the way business is done. AmBank is conscious that SMEs had to adapt to a steep learning curve.

“We are constantly enhancing our product propositions for all SMEs out there to address their respective needs, especially during these challenging times.

“And we are committed to grow our hire purchase market share by providing viable financing solutions for both dealers and our customers,” said Loo.

Mutually beneficial

Touching on the matter, Federation of Motor & Credit Companies Associations of Malaysia (FMCCAM) said he was thrilled with the partnership, adding the association always had a good working relationship with AmBank.

“We appreciate their willingness to listen to feedbacks from industry stakeholders and address our needs, especially in uncertain times like this.” said its president Datuk Tony Khor.

He also said that ezAUTO is always look for new products that will boost business for ezDEALER and Ambank has been supportive of his ideas.

Among the features offered in the partnership include offering full-fledged automotive data information and technology ecosystem with artificial intelligence capabilities.

“ezAUTO also partners with reputable car workshops and undergo Government standard training to be an authorised ezINSPECTION CENTRE to provide free inspection and car valuation services to all sellers nationwide,” said Khor.

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