Maybank’s new Maybank2u Biz app makes it super easy to digitalise your business transactions all from your mobile phone

This post is brought to you by Maybank.

Business owners, you’ve all been in this situation. It’s your monthly pay out date and after checking through your pay out sheets to pay salaries, bills, suppliers, and other overheads, you proceed to get your finance person to initiate the transaction, after which you find out you have lines upon lines of items to click and approve.

We’re 20 years into the new millennium, shouldn’t there be an easier way?

When it comes to online banking, no other bank in Malaysia is as easy to use and reliable as Maybank. Their Maybank2u platform has been around for years and has gone through several iterations and improvements, and the current version is probably the most polished banking app available in the country and perhaps even the region.

It’s great that Maybank is bringing this polished and modern user experience that has been industry standard for online consumer banking over to online business banking to its online banking customers. Now the M2U Biz provides a seamless omni channel experience across web and mobile with one simple and easy to use app.

Maybank has recently introduced its M2U Biz app for business users. The M2U Biz app brings the same of modern design and ease of use as the M2U app but adds a whole new level of convenience specifically designed for business owners who want to fully digitalise their business transactions.

The M2U Biz app makes it super easy for you to handle payouts, issue invoices, track payments and keep an eye on your business cash flow all in one app. On top of that, the app brings an improved level of security so that you don’t have to worry about conducting business transactions from the convenience of your phone.

Get an easy-to-read accounts overview right from the app

You don’t have to sit in front of your computer just to check on essential financial information about your business cash flow.

The M2U Biz app provides all the essential cashflow information of your business in an easy-to-understand view right from your phone. You can track cash balance, assets, and liabilities such as loans from just one view. It makes tracking your business finances super easy.

Watch the video below for a quick demonstration of what the M2U Biz app can do:

Handle all your transactions away from the computer

Many business owners will know this too well. To make business transactions, you’ll have to be in front of your computer

With the M2U Biz app, you don’t have to because you can execute all the essential business transactions such as view account balance, invoicing, initiate transactions as well as approve transactions all in one app from the convenience of your phone.

Initiate and approve your payments and fund transfers, anytime, anywhere. Looking to save more time? Speed things up by setting Recurring Payments and Favourite Payees, or simply choosing from your Recent Transactions.

For the added benefit of security as well as a solid ‘check and balance’ approval system you can have the exact same user levels as you would when using Maybank2u Biz on a desktop browser. That is:

The Viewer: have the ability to view all the accounts details

The Maker: can view and initiate transactions for the checkers approval

The Checker: can view and approve transactions initiated by the Maker

Watch the video below to see how easy it is to handle transactions on the M2U Biz app:

One of the best parts of the M2U Biz app is that it allows multiple transaction approvals. Checker-level users can approve up to 10 transactions at one go. On top of that Maybank has also extended the approval window from 24 hours previously to seven days via the app. This saves you a whole heap of time and allows you to make transaction approvals at your convenience.

Watch the video below to see the new and improved M2U Biz transaction approval process in action:

Create and send customised, professional looking invoices direct from the app

Being able to issue invoices quickly is key to ensuring payments are received in a timely manner, and the faster you receive your payment, the better your cash flow.

The M2U Biz app allows you to do just that. You save time by creating and issuing professional-looking invoices right from the app itself. The app also helps track the invoices issued so you know when payments are due.

Save your customers’ details so you can complete future invoices quickly, without the need to start from scratch every time.

There is a selection of ready-to-use invoice templates that you can customise right from the app itself. Once you’ve done creating the invoice, you can send it directly to your customers via Whatsapp, email and more.

Track invoices and payment received

Once you’ve issued your invoice, you can monitor the status of all invoices issued right from the app. Got your payment? Mark it as paid and send a receipt all from the app. Got an issue with late paying customers? Easily remind them with the in-app Send Reminder feature.

Watch the video below to see how invoicing works on the M2Biz app:

No more hassle with TAC codes. Authorise your business transactions more securely with SECURE2U

We’ve all had an issue with forgotten or unreceived TAC before. The M2U Biz app runs on SECURE2U that’s designed to be more secure yet it’s more easy to use as there are no codes to remember.

SECURE2U pairs your Maybank2u Biz account with your device, only allowing transactions performed to be authorised on your registered device. This reduces your exposure to SMS TAC fraud, and the need to rely on Telco networks for SMS.

You might win RM30,000 just by using the app

Is there a reason not to try the M2U Biz app?

No really. If you’re looking to speed up your business transaction and digitalise your business, M2U Biz is a huge step in the right direction. You save time, it’s convenient and it’s easy to use. 

But if you need that little bit more encouragement, Maybank is running a contest where you stand a chance to win RM30,000 just by using the app!

All you have to do is log in or perform a transaction using the M2U Biz app between 5 October to 31 December, 2021. There will be 10 lucky winners announced each month!

Click this link for more info about the giveaway.

If you’re an M2U Biz user, download the M2U Biz app here. Available for iOS and Android. 

Are you a Maybank Business Account holder? Here’s how you sign-up for the M2Biz app

Step 1
Book your appointment online with Maybank EzyQ.

Step 2
Download and fill up the Maybank2u Biz registration form and prepare the necessary documents:

• Company’s Board Resolution (for Private Limited Company/Sdn. Bhd.)
• Authorisation Letter (for Govt Educational Institution)
• Mandate Letter (for Partnership and Professional)
• Annual General Meeting minutes OR Committee minutes of Meeting, signed by the Chairman, Secretary and Treasurer (for Club, Society and Association)

Step 3
Visit the branch for your appointment and ensure that all appointed Maybank2u Biz users (Maker, Checker & Viewer) are present. Bring along your IDs, Maybank2u Biz registration form and the necessary documents.

Step 4
You’ll be given an access number and a 6-digit PIN during your branch appointment. Click here to activate your account with the details provided. Once successful, create your username & password and you’re ready to power up your business!

Maybank2u Biz is available for the following business types:

• Private Limited Company/Sdn. Bhd.
• Partnership
• Professional
• Club, Society and Association
• Government Educational Institution