RHB Banking Group partnered Malaysian Retail Chain Association (MRCA) in support of more than 400 leading retail chain store operators, franchisers as well as small and medium enterprises (SMEs) through the Malaysia International Retail & Franchise Exhibition 2019 (MIRF). According to MRCA, MIRF 2019 which took place last month, transacted more than RM72.0 million in business revenue as compared to MIRF 2018 which transacted more than RM65 million in business revenue.
Themed “Franchise Forward”, the exhibition is a growth platform for local and international retail and franchise businesses, to help shape and cultivate new business model and innovative strategies. 11,000 visitors comprising of business owners, new start-ups and individuals attended the three-day Exhibition which had the participation of delegates from over 10 countries.
Through the partnership RHB was able to engage with leading chain store operators in Malaysia and share with them the products and services available for retailers and SMEs. Amongst the key products and services being showcased throughout the Exhibition were the RHB SME e-Solution Platform which offers SMEs complete interoperability to achieve greater business efficiency. The enhanced RHB SME e-Solutions is one of the core components of the RHB SME ecosystem providing SME customers with value added features on a single platform that include seamless integration of banking activities.
Other products being offered at the Exhibition were;
• Business current account & Reflex
• SME e-Solution (SES)/ SME digital ecosystem
• Corporate Employee Privilege Scheme (CEPS)
• Tailor made Business Loan (PINTAS/BizPlus)
• Business Deposits (SME Flexi FD)
• RHB Premier account
“Through MIRF 2019, RHB was able to reach out to Malaysian leading retail chain store operators as well as franchise owners, further boosting our penetration rate of the Retail SME segment in Malaysia. RHB will continue to introduce business-friendly solutions and product features that makes everyday business simple and convenience and which will help SMEs to optimise resources, improve productivity and strengthen their competitive edge,” said Jeffrey Ng Eow Oo, Head, Group Business and Transaction Banking.
MRCA President Datuk Seri Garry Chua said, “I believe as MRCA, we have an obligation towards the industry, community and the public to organize MIRF and MRCA Retail Conference to create exposure and opportunities for collaborations, partnerships and networking. I also believe that it is our responsibility to govern and ensure that all parties in the retail and franchise industry have a fair chance in the market place. We hope with this initiative, we are able to assist the growth and development of the retail and franchise industries. I would like to take this opportunity to thank to our partners, sponsors, the retail industry, the public and the media for their support over the years.