SMEs set to gain from e-payment


KUALA LUMPUR: Small and medium enterprises (SMEs) stand to gain from a shift to e-transactions in their everyday business, given the convenience and minimal human error.

Association of Banks in Malaysia (ABM) executive director Chuah Mei Lin said running their businesses through electronic platform would be cost-efficient for SMEs in the long term, even though banks charged a fee for the cash management services provided.

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