AEON Bank (M) Berhad, Malaysia’s first Islamic digital bank has officially launched AEON Bank Biz, a Shariah compliant business banking solutions designed to empower businesses in Malaysia, with its centerpiece being the Business Current Account-i and integrated cash management capabilities.

Currently AEON Bank Biz is focusing on onboarding vendors, suppliers and business partners within the AEON ecosystem, as well as selected stakeholders. This targeted approach aims to create an integrated value chain, connecting AEON’s wider ecosystem of retail and finance in order to promote strategic growth and greater inclusivity. In a short time from now, AEON Bank Biz will also be opening its digital banking doors to more businesses in Malaysia.

"The launch of AEON Bank Biz marks a new chapter for us. For the Business Banking segment, we are expanding our Shariah compliant and inclusive banking proposition to empower businesses in Malaysia with simplified accessibility, security and innovation that currently defines our Personal Banking services," said YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz, CEO of AEON Bank (M) Berhad.

"Our hybrid business banking solution is anchored on our determination to streamline traditionally complex processes such as account onboarding and credit check. By leveraging AI-powered tools, we are also providing business owners with faster approvals and seamless user experience, while our cash management capabilities offer the efficiency that they need to scale up and succeed," added the CEO.

Once onboarded, AEON Bank Biz customers will gain access to a suite of business banking features, with the Business Current Account-i at its core. This functionality is engineered to provide a secure foundation for businesses, offering a competitive 1.5% per annum profit rate*, with no minimum balance required, allowing them to maximize their returns from the start. Furthermore, AEON Credit Service Malaysia (ACSM) merchants would benefit from an additional 1% per annum profit rate*, an exclusive perk designed to reward their loyalty, *terms and conditions apply.
 

Integral to the AEON Bank Biz financing solution is the cash management features, which simplify and streamline financial operations by optimising these tools and solutions:

• Comprehensive Transaction Services

Simplify payments with seamless RENTAS and DuitNow transfers. The platform also supports bulk and single payment options, complete with bulk approval functionality, enabling business owners to manage payroll, vendor payments and other large-volume transactions with ease and efficiency.

• Hassle-Free User Access Management

Easily track, monitor and manage business operations and finances. The intuitive interface allows business owners to set granular access rights for their team, ensuring secure and controlled financial oversight.

• Live Chat Support

AEON Bank Biz offers real-time assistance for a smoother business banking experience, ensuring that help is always at hand.

AEON Bank Biz is poised to redefine how businesses manage, grow and sustain their operations by offering ethical and inclusive Shariah-compliant banking principles combined with innovative digital banking optimisation.
 

For now, while the focus is on AEON and ACSM existing suppliers  and vendors, local entrepreneurs are welcome to register their interests via the AEON Bank Biz website. On top of that, the AEON Bank Biz app is also available for download via the App Store and Google Play