Maybank Islamic Visa Purchasing Card-i

Efficient, Flexible, Controlled and Convenient

Benefits


Maybank Islamic Visa Purchasing Card-i is an electronic payment solution that can be used to replace cash and cheque issuance which is getting more costly while it also provide a means for streamlining the business expenditures, allowing organizations significantly reduce the time and cost of paying for various of business-to-business goods and services locally and globally in an efficient, timely and controlled manner.


Features & Benefits

Greater Efficiency on Purchase Process and Spending

  • Company and suppliers can take advantage of a streamlined procure-to-pay process.
  • Accelerate the reconciliation process.
  • Suppliers enjoy the ease and expediency of payment acceptance and expedite delivery of goods.
  • Simplifying the payment process and eliminating paperwork.
  • Enhance purchasing convenience.
  • Empowering employee purchasing control and departmental expenses compliance. 

Flexibility On Demand Financing

  • Enjoy up to 30 days Management Charge Free period from monthly billing statement.
  • Provides immediate payment to suppliers to increase negotiation leverage.
  • Improve cash flow.
  • Reduce risk of overdue payment.

Easier To Control and Monitor

  • Consolidation of transaction data to improve management audit and enhance analysis reporting.
  • Restrict card use to specific types of purchases, spending and even at specific industry.
  • Centralised local and global spending.
  • Set spending limits by department and employee.
  • Card administrator and cardholder on access statement.

Convenience Wide Acceptance

  • Widespread acceptance of over 30 million merchant outlets.

Other Informations


Required Documents

  • Completed Application Form
  • Memorandum & Articles of Association
  • Latest Form 9,24 & 49
  • Latest 2 years Audited Financial Accounts (certified)
  • Small Medium Enterprise (SME) Credit Bureau Consent Letter
  • Photocopy IC of the nominated cardholder
  • Latest 6 months certified Bank Statement (for non-Maybank account holder only)

Click here for Product Disclosure

The Service Tax of RM25 governed by the Service Tax Act 2018 shall be imposed on each Principal and Supplementary Credit/Charge Cards upon card issuance and card anniversary effective 1 September 2018.