Maybank Visa Purchasing Card 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 57 days Interest Free period from first transaction day.
• 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.

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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.