UOB develops an All-in-one App for SME Digital Banking Solutions
UOB Malaysia has developed an all-in-one digital banking app specifically designed for small- and medium-sized enterprises. This app, known as the UOB SME app, combines various banking solutions, analytics, and business insights into a single platform, enhancing SMEs’ digital banking experience.
It offers banking and transactional capabilities through UOB Infinity, allowing SMEs to manage domestic and cross-border banking activities. Additionally, the app provides data-driven insights, direct partner integration, foreign currency transaction features, and a comprehensive SME Hub.
Since its launch in October 2022, the UOB SME app has seen remarkable adoption rates, with 42% of its Business Banking customers embracing the platform. Approximately 20% of those who have adopted UOB SME now use the app as their primary channel for transactions.
With the UOB SME app facilitating on-the-go transactions, SME banking transactions have surged by 15.2% from January to May 2023 compared to the previous year. Furthermore, the SME Hub, which offers curated articles, networking opportunities, and promotion highlights, continues to be a valuable platform, receiving an average of about 300 views monthly.
The opening ceremony witnessed the presence of senior representatives from diplomatic missions, government agencies, trade…
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and…
This website uses cookies.