Maybank targets 20% billings growth from SMEs this year

KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects a 20% growth in billings from small and medium enterprise (SME) card merchants this year, boosted by its new mPOS service.

Group executive vice-president and head of cards B. Ravintharan said the mPOS, a portable payment device, was a collaboration between Maybank and Maxis Bhd.