AmBank enters partnership with PUMM to empower SME growth

KUALA LUMPUR: AmBank has entered into a two-year partnership with Persatuan Usahawan Maju Malaysia (PUMM) to strengthen financial awareness and enable them to gain easier access to financing.

PUMM is a non-profit organisation with over 3,000 business owners from diverse business sectors including construction, information technology, logistics, F&B, and advertising.

In a statement, AmBank said the partnership is positioned as an empowerment package by AmBank to PUMM members, leveraging on PUMM’s platform to get connected with their members and their other business partners to drive new-to-bank (NTB) acquisition over the two-year partnership term.

"It is part of our development initiatives that help SMEs reset, revive and grow especially during these unprecedented times where businesses are still recovering from the effects of the pandemic.

"This partnership with PUMM is well aligned with our SME growth and empowerment agenda, and we certainly look forward to fostering new and meaningful bank-client relationships driven by this collaboration," said AmBank group CEO Datuk Sulaiman Mohd Tahir.

PUMM national president Tan Lay Seong said the collaboration is timely as it will provide PUMM members with adequate financial sustainability solutions for their businesses..

"Many SMEs owned by PUMM members are looking for cross-border opportunities and AmBank Group is well-placed to help our association in expanding their reach and realise their growth ambitions,” he added.

AmBank said it will also leverage on PUMM’s platform to get connected with their members and their other business partners to drive new-to-bank acquisition during the course of the partnership.

In tandem with the recently launched AmBank Visa Business Card, the members of PUMM will be offered a one-off special cashback on top the benefits obtained from the ordinary value propositions.