business

AmBank to enlarge its JomPAY network by 600 this year

KUALA LUMPUR: AmBank Group is targeting to acquire as many as 600 new organisational clients for its JomPAY network this year.

The bank already has some 188 organisational clients utilising the national bill payment scheme as of first quarter 2019.

“We are targeting to get 50 new organisational clients each month, which could be in the form of associations, charities, building management and even the small and medium enterprises (SME) to join JomPAY,” said its business banking managing director Christopher Yap here today.

“With 188 organisational clients on our JomPAY network we are always looking to increase that. We see this as an initiative in helping Bank Negara Malaysia's (BNM) overall objective of making Malaysia a cashless society,” he said.

AmBank had earlier partnered with the Malaysian Systemic Lupus Erythematosus (SLE) Association (PSLEM) to enable online contributions through JomPAY.

SLE refers to the disease where the patient's body makes antibodies that attack its own tissues.

“This partnership marks the first charitable organisation in the country to collaborate with us to enable JomPAY payments hence providing the public the ease of making online contributions to the association,” said Yap.

PSLEM president Dr Heselynn Hussein hopes by joining JomPay through AmBank the association will begin attracting recurring monthly donors.

“Prior to this, PSLEM raises funds through fundraising activities such as fun runs and other community-based events, however with this collaboration with hope to have monthly recurring donors to help PSLEM continue our work with SLE patients,” she said.

“These work include, among other things, free counseling services, free education programmes, financial assistance and medical tests.”

Established and operated by Payments Network Malaysia Sdn Bhd (PayNet), JomPAY is Malaysia's largest online bill payment service with over 5,013 biller codes.

BNM is PayNet's single largest shareholder, with 11 financial institutions namely, Malayan Banking Bhd, RHB Bank Bhd, Public Bank Bhd, CIMB Bank Bhd, Hong Leong Bank Bhd, Affin Bank Bhd, Alliance Bank Malaysia Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd, Bank Kerjasama Rakyat Malaysia Bhd including AmBank as joint shareholders.

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