15 Feb 2024
MAYBANK ISLAMIC AND TM FORGE PARTNERSHIP TO DELIVER FIRST ISLAMIC BANKING AS A SERVICE SOLUTION POWERED BY 5G
KUALA LUMPUR, 15 FEBRUARY 2024: Maybank Islamic Berhad and TM, the nation’s leaders in Islamic banking and telecommunications, have forged a partnership to deliver the country’s first Islamic Banking as a Service (BaaS) solution powered by 5G. Designed for consumers and micro, small and medium enterprises (MSMEs), this collaboration combines the best of Maybank Islamic’s diverse financial services and TM’s recognised Uni5G Postpaid Biz mobile packages, creating seamless access and experiences for today’s digital customers.
With local entrepreneurs and MSMEs to gain the most, Maybank Islamic and Unifi Business, TM’s digital business solutions arm, today launched their inaugural ‘Go Niaga’, a mobile business banking bundle to help businesses manage finances, improve incomes and offer digital payment options powered by secure 5G connectivity and networks. The bundle will address current market gaps among this segment, and enable businesses to better participate in e-Commerce and expand their customer reach.
Dato’ Mohamed Rafique Merican, Maybank Islamic’s CEO, said, “This partnership between Malaysia's largest telecommunications company and the country's leading Islamic banking institution opens up unique opportunities for us in delivering Islamic banking services to customers. This partnership is a significant step forward in financial inclusion. By embedding Maybank Islamic’s BaaS solutions within Unifi Business’ platforms, previously unbanked or underbanked individuals and businesses will gain access to Maybank’s essential financial services and 5G mobile connectivity through TM’s cutting-edge technologies.”
“While the technology originates from the BaaS concept, what makes it unique is its adherence to Islamic principles, making it the pioneering example of its kind in Malaysia. It combines modern technology with the ethical requirements of Islamic finance, providing innovative and faith-based financial services,” he said.
Shanti Jusnita Johari, Chief Commercial Officer for Consumer Strategy & Business at Unifi, said, “MSMEs are a key growth engine for the nation’s economy. At present, this segment accounts for nearly 38% of Malaysia’s GDP, yet their potential is often dimmed by limited access to digital tools and financial services. This is even more apparent among underserved segments, micro and small businesses who face the most challenges in accessing financial services and digital innovations that are necessary to elevate their lives and livelihoods.
“As a trusted partner to more than 400,000 MSMEs across the nation, we believe this partnership is a timely intervention to effectively address these challenges and help local businesses seize the opportunities of the digital economy. This partnership is the next milestone in our vision to become a digital powerhouse by 2030 and our mission to power a Digital Malaysia, improving businesses and communities through technology, and paving the way for a digitally inclusive nation,” Shanti shared.
Highlights of Maybank Islamic and Unifi Business’ Go Niaga offering
As the first bundle from Maybank Islamic and Unifi Business’ joint collaboration, the Go Niaga mobile business banking bundle aims to address the essential banking needs of local entrepreneurs and MSMEs.
To help local businesses streamline their operations, the Go Niaga bundle offers:
a) A lower minimum deposit of only RM 100 for customers to open an SME First Account-i – allowing them to clearly segregate their personal and business accounts that will help improve their long term credit rating.
b) Payment acceptance facilities through Maybank Islamic’s QRPay Biz, and Tap2Phone – enabling cloud POS via mobile devices to facilitate digital / card payments.
c) Credit Facilities including Maybank Islamic’s SME Digital Financing: Aspirasi Wanita Programme – providing more entrepreneurs access to funds that could help them stabilise and expand their business.
d) Uni5G Postpaid Biz 39, Uni5G Postpaid Biz 55 and Uni5G Postpaid Biz 89 mobile plans bundled with free 5G mobile devices – ensuring secure access to financial services anywhere, anytime and bringing 5G capabilities to more communities.
e) Cash rebates for Unifi Mobile bills when customers sign up and activate Maybank Tap2Phone merchant payment facility bundled with Uni5G Postpaid Biz packages.
This initial offering will be made available from 21 February until 29 May 2024. Customers are welcome to visit selected Unifi Stores on Tuesdays, selected Maybank branches on Wednesdays and selected Pusat Ekonomi Digital (PEDi) nationwide on event days, to find out how they can benefit from these offerings.
For more info, please visit maybank.my/goniaga or http://biz.unifi.com.my/goniaga
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TM R&D inks MoU with AL-QUDS University to foster industry-academia collaboration for research and innovation excellence in next generation communication technologies
Telekom Research & Development Sdn Bhd (TM R&D), the innovation arm of Telekom Malaysia Berhad (TM), recently signed a Memorandum of Understanding (MoU) with Al-Quds University (AQU) to foster industry-academia collaboration for joint research in Next Generation Communication Technologies and to create an institution for innovation and technology transfer. Dr. Sharlene Thiagarajah, Chief Executive Officer, TM R&D, signed the MoU on behalf of TM R&D while AQU was represented by its President, Prof. Dr. Imad Abu Kishek. The agreement was sealed under the support and presence of H. E. Mr. Walid Abu Ali, Ambassador of The State of Palestine to Malaysia, Brunei, Thailand and Maldives. Under the MoU, both entities will join forces to explore research and knowledge exchange activities including staff exchange for scientific works and student visits, in addition to development of impactful digital solutions with a global outlook. Commenting on the latest collaboration, Dr. Sharlene said, “We are excited to have AQU on board as the first university that we’re collaborating with post COVID-19. This MoU is testament of our efforts to work with innovative and entrepreneurial academic institutions to deliver excellence in the field of research and innovation.” “The knowledge sharing and technology transfer between Malaysia and Palestine will definitely boost research capabilities and cross-cultural innovations,” she added. Meanwhile, Prof. Dr. Imad Abu Kishek shared, “The university’s strategy encompasses building strong cooperative relationships with the Malaysian industry and academia. We believe that this is the first step towards a sustainable partnership with TM R&D, which will provide our staff and students the opportunity to access expert knowledge, latest technologies, innovation labs, and industry in Malaysia.” “We hope that this collaboration will result in a symbiotic relationship that furthers the economy, innovation, and technology transfer among both institutions,” added Prof. Dr. Imad. AQU is an academic research university that currently offers more than 120 undergraduate and postgraduate programmes, delivered through its 15 degree-granting faculties that cover main scientific disciplines such as medicine, life and natural sciences, business and management, arts and humanities, law and jurisprudence, engineering, computer science, information technology, and social sciences. In addition, AQU pursues educational distinction through a culture of innovation and strives to develop entrepreneurs who are able to partake in the development of the Palestinian economy.
UNIFI REDEFINES MOBILE PREPAID EXPERIENCE WITH ALL-NEW UNI5G WOW PLANS
KUALA LUMPUR, 6 MARCH 2024 – Unifi Mobile today announced its newest UNI5G WOW Prepaid offering with unlimited 5G + 4G data, uncapped 5G speed and rewards that meet the growing needs of Malaysian prepaid mobile users. These new offerings provide customers with great value, choice and flexibility to enjoy today’s on-the-go lifestyle needs. Whether for study, work or leisure, having uninterrupted worry-free internet experience at an affordable price is a must. Prepaid users, especially Malaysian youth, are known for their diverse interests including social interactions, online gaming, streaming and the use of various apps wherever they go. This reinforces the need for a mobile plan with generous data allowances, high speed connectivity and other additional perks. The new UNI5G WOW Prepaid starter pack comes with 10GB data (5G + 4G) and a whopping 30-day validity for just RM10. Customers can purchase this UNI5G WOW Prepaid starter pack online and will receive a complimentary Unlimited 5G Larut Malam Pass. In conjunction with the launch, the UNI5G WOW Prepaid starter pack will be offered for free as an exclusive online promo via Unifi Mobile app or Unifi eStore for customers who want to maintain their existing number. Jasmine Lee, Unifi’s Chief Commercial Officer, Consumer, said, “The evolving landscape of prepaid mobile services inspired us to re-evaluate what our users really need. We are thrilled to introduce our brand new UNI5G WOW Prepaid that has been tailored to modern prepaid users, and is among the few market offerings with uncapped 5G speed all day long. “All UNI5G WOW data passes come with 5G connectivity at no additional cost. Now, everyone can enjoy the benefits of 5G connectivity at blazing fast speeds. We have also integrated our prepaid services into our new Unifi Mobile app, which also hosts our postpaid services, delivering a streamlined experience for all our users.” Today, Unifi is Malaysia's leading convergence champion, evident by the recent recognition from Opensignal's 5G Global Mobile Network Experience Awards for 2023*. The UNI5G WOW Prepaid plan bolsters Unifi’s fixed, mobile, lifestyle and business offerings and aligns with its commitment to enriching lives and communities through technology. UNI5G WOW Prepaid Plan Offerings UNI5G WOW offers data passes that are customised to suit diverse customer needs. Unifi Mobile’s latest suite of prepaid products include: - 1. UNI5G WOW 35 – Priced at RM35 per month, this best seller pass offers unlimited 5G + 4G data, uncapped 5G speed all day long, and unlimited calls. Subscribers will also enjoy a 10GB hotspot and for a limited time period, customers will get extra 50GB of 5G hotspot data for free, perfect for sharing with friends and family. 2. UNI5G WOW 25 – This pass is priced at RM25 per month, ideal for users with moderate data needs and usage. It comes with 30GB worth of 5G + 4G data, uncapped 5G + 4G speeds and hotspot functionality (shared quota derived from the 30GB data allocation). 3. UNI5G WOW 10 – For just RM10, subscribers will receive 10GB worth of data with uncapped 5G speed all day long. This weekly pass is ideal for users who seek connectivity without straining their budget. On top of these exciting new passes, UNI5G WOW Prepaid is also offering on-demand add-ons, starting from RM1. Among these new add-ons are a weekend data pass, a speed booster pass, validity extension passes and call passes. For avid content creators and enthusiasts of platforms like YouTube and TikTok, a dedicated pass for these specific social media platforms is also available. Existing customers on older rate plans are encouraged to switch to the new UNI5G WOW Prepaid via the Unifi Mobile app or by visiting the nearest TMpoint / Unifi Store. The plan change is offered free of charge and upon completion, existing customers are entitled to receive 10GB of data (5G + 4G) with a validity of 30 days. To subscribe to the all-new UNI5G WOW Prepaid, simply download the Unifi Mobile app or visit the nearest TMpoint/Unifi Store and authorised Unifi Mobile dealers. To find out more about the UNI5G WOW Prepaid, visit unifi.com.my/prepaid
Consolidation of TM’s business in Malaysia to strengthen fixed-mobile convergence leadership and improve operational efficiency
Telekom Malaysia Berhad ("TM" or "the Group") today announced an internal reorganisation which involves the transfer of its business in Malaysia to a single operating entity named TM Technology Services Sdn Bhd ("TM Tech"). The internal reorganisation is anticipated to complete by 31 December 2023. The reorganisation – which includes Unifi, TM One and TM Wholesale, among others – marks the next phase of the Group's transformation to be the enabler of a digital Malaysia, and to further improve its operational efficiencies, streamline processes and simplify customer touchpoints to provide a more seamless customer experience. Incorporating its diverse businesses under TM Tech will also reinforce TM's Fixed-Mobile Convergence leadership, offering integrated fixed broadband, mobile services, data services, digital content and innovative solutions to communities, businesses and the Government. Group CEO, Imri Mokhtar said, "As digital lifestyles, increasing competition and stakeholder expectations reshape the industry, consolidating these businesses into one operating entity will allow us to serve our diverse customer segments better and deliver their needs more quickly. "Consolidating our suite of connectivity and digital offerings will also enable us to easily tap into the right combination of solutions to meet the unique needs of individual lifestyles and businesses." "Furthermore, this reorganisation aligns us to industry best practices and will improve TM's competitive edge among Malaysian and international Telcos and digital players, as we continue to pursue our aspiration of becoming a leading human-centred TechCo," he added. Under TM Tech, consumers will continue to enjoy the fastest and widest all-in-one connectivity and digital content. Enterprises and the public sector will also benefit from TM's digital and smart solutions, including cloud and data centres, cybersecurity and smart industry offerings. The operating entity will also continue to champion TM's nation-building efforts in expanding and modernising the country's fibre network, data centres and submarine cable systems. TM Tech will be led by TM's existing senior management team and will bring together its diverse talents under a single company, encouraging greater agility and cross-functional collaboration to improve service quality. Imri explained, "Our Warga TM will remain the execution engine for TM and the country's digital transformation. While our workforce will be realigned to this single operating entity, employee functions, entitlements and benefits will remain unchanged." Similarly, all of TM's partnerships, vendor and service agreements will remain in effect. Telekom Malaysia Berhad will now serve as an investment holding company for this operating entity, with all other subsidiaries within the Group to remain status quo. "Beyond TM's own growth, this reorganisation strengthens our role in advancing the country's digital transformation and to serve our customers in a more cohesive manner. While it marks a new milestone in our continuous transformation, we remain anchored to our purpose of enabling digital inclusion, opportunities and progress for all," Imri concluded.
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