KUALA LUMPUR: CIMB Bank Bhd has onboarded Infineon Technologies (M) Sdn Bhd Melaka (Infineon Melaka) employees onto the CIMB@Work payroll banking solution, marking one of its largest payroll onboarding initiatives.
According to CIMB, this gives Infineon Melaka employees access to the broader CIMB@Work proposition, which offers a convenient salary banking experience alongside selected preferential privileges, lower entry requirements for selected CIMB credit cards and preferential rates on selected financing products.
“This collaboration reflects our capability to deliver innovative large-scale payroll banking services that help organisations foster inclusivity within their workforce, in line with CIMB’s brand promise of Moving You Forward.
"Through the seamless, structured and scalable CIMB@Work solution, employees are able to access a broad ecosystem of banking, financing, protection and wealth management that holistically support their financial well-being at every stage of life,” said Gurdip Singh Sidhu, CEO of CIMB Malaysia and CIMB Bank Bhd, in a statement.
"This collaboration reflects our shared commitment to enhancing the employee experience through greater convenience and we look forward to strengthening our partnership in the years ahead,” said Eng Seng Meng, senior vice-president and managing director of Infineon Melaka.
CIMB@Work delivers an integrated payroll banking proposition that combines convenience, protections as well as other relevant financial solutions, helping employees manage their financial needs with greater confidence.
Additional benefits for employees enrolled into the CIMB@Work include 20% cashback on tolls and transits, as well as 20% cashback on overseas spend with the CIMB Visa Debit Card.
Other benefits include lower income requirement for applications to selected CIMB credit cards while there is also no income document requirement for selected CIMB credit cards and the Cash Plus Personal Loan (CPL).
Preferential financing rates for CPL, and Term-Financing-i secured by Amanah Saham Berhad (ASB) are also available for CIMB@Work customers.
Outward Foreign Telegraphic Transfers performed at CIMB branches will enjoy preferential foreign exchange rates, and employees can manage their salary, savings and bills anytime through the CIMB OCTO app.
