CIMB Bank, in collaboration with Payments Network Malaysia (PayNet), has introduced Malaysia’s first payment terminal with automated e-invoice functionality, targeting small and medium enterprises (SMEs). The innovation simplifies invoicing and ensures compliance with Inland Revenue Board (LHDN) e-invoicing mandates.
Key features include:
• Automated e-invoice creation and delivery.
• Built-in Point-Of-Sale (POS) functionality, which integrates seamlessly with existing POS systems.
• Real-time voice alerts for secure card and QR code transactions.
• Itemized billing for enhanced transparency.
The pilot program is underway with a full rollout expected by Q2 2025, streamlining compliance and boosting operational efficiency for SMEs.
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