AmBank partners with ezAUTO.MY to assist over 4,325 used car dealers via AmBank’s SME-in-a-Box solutions

AmBank has formed a strategic partnership with ezAUTO.MY (ezAUTO) – an innovative online platform which aims to connect all car stakeholders in a transparent and risk-free marketplace, starting with car dealers and end users. With this partnership, AmBank aims to equip over 4,325 ezDEALERs (ezAUTO authorized car dealers) with ‘SME-in-a-Box’, a one stop proposition offering comprehensive financial, connectivity and digital solutions for SMEs that rewards SMEs with greater value. SME-in-a-Box provides SMEs additional value for their operating account, payroll, transactional services, merchant terminal, cashless payment solutions and gives quick access to working capital financing, amongst others.

Being a strong supporter of the automotive industry, through our Hire Purchase, Floor Stock and Floor Plan offers, AmBank is offering an exclusive SME-in-a-Box bundled deal for ezDEALERs. In addition to the Floor Stock facilities with longer interest rebate and repayment tenures, attractive rates on business current accounts, flexible working capital financing and merchant terminal offers, ezDEALERs will benefit from AmBank’s exclusive partnership with Maxis, where they can get savings of up to RM5,000 for their Maxis mobile plan, fibre internet and business solutions with the Government’s SME Digitalisation Grant.

“The COVID-19 pandemic has indeed jolted the nation and particularly, the way business is undertaken. AmBank is conscious that SMEs have had to adapt to a steep learning curve. We are constantly enhancing our product propositions for all SMEs out there to address their respective needs, especially during these challenging times. We are committed to grow our hire purchase market share by providing viable financing solutions for both dealers and our customers. We recognise the need for SMEs to be digitally ready, especially now. This partnership with FMCCAM and ezAUTO allows us to address the current challenges faced by the automotive industry,” said Aaron Loo, Managing Director, Retail Banking, AmBank.

“We are thrilled to be striking up a partnership with AmBank; FMCCAM and AmBank have always had a good relationship and we appreciate their willingness to listen to feedbacks from industry stakeholders and address industry needs, this comes as a welcome boost to our members, especially in uncertain times like this.” said Dato Tony Khor, President of Federation of Motor & Credit Companies Associations of Malaysia (FMCCAM).

“ezAUTO is constantly on the lookouts for products that contributes to the business of ezDEALER. We proudly present to you, ezAUTO’s very first partnership financing product with AmBank, offering exclusively to ezDEALER – Floor Stock Financing. Financing a business especially during such challenging times is crucial to ensure continuity and growth.” said Ray Khor, Group Managing Director, ezAUTO Asia Group.

ezAUTO.MY aspire to be a one-stop solution platform aimed to connect all automotive industry’s stakeholders by offering full-fledged automotive data information and technology ecosystem with artificial intelligence capabilities. ezAUTO partners with reputable car workshops and undergo government standard training to be an authorized ezINSPECTION CENTRE to provide free inspection and car valuation services to all sellers nationwide. Being one of the two technology partner (eAUTO and ezAUTO) authorized by Federation of Motor & Credit Companies Associations of Malaysia (FMCCAM), ezAUTO’s aim is to digitalize the industry by creating a healthy Automotive Technology eco-system to cultivate a seamless, transparent and risk-free transaction process; thereby bringing value added services to all industry stakeholders and also strive to solve industry related shortfalls collectively, that will benefit and protect both dealers and consumers.