CIMB Bank and PayNet launch Malaysia’s first payment terminal with automated e-invoice capability


CIMB head of consumer banking Maysia Daniel Cheong (left) and Paynet senior director of the commercial division Azrul Fakhzan Mainor (right).

KUALA LUMPUR: CIMB Bank Bhd, in collaboration with Payments Network Malaysia Sdn Bhd (PayNet), has launched Malaysia’s first payment terminal with automated e-invoice capability.

This innovation aims to streamline invoicing processes and ensure seamless compliance with the Inland Revenue Board’s (LHDN) e-invoice mandate for businesses, including small and medium enterprises (SME).

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CIMB , PayNet , SME , e-invoice ,

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