RHB Bank’s Credit Card Online & Related Solutions
Thus far, RHB Bank is considered the main competitor in the Malaysian finance and banking sector. Wanting to grow the horizon within the SEA region, they have laid their foundation in countries including Brunei, Hong Kong, Indonesia, Laos, and Singapore. In guaranteeing that the organization is scalable, RHB introduced a range of banking services to enterprises and individuals for personal loan Malaysia and commercial needs.
Possessing a savings account or even perhaps a current account has long been stapled yet underrated. To make sure account holders will benefit the most from their savings, RHB Bank has provided a more competitive interest rate in comparison with other banking institutions. Moreover, they’ve already improved the transaction facilities by both adding more ATM and CDM machines in branches and various designated locations and creating a web-based banking services platform, RHB Now for their customers.
The shift from the traditional purchasing method using cash to cashless methods has increased substantially the demand from customers for credit cards. As proven beyond doubt through the data from many types of research conducted, the acceptance towards the e-payment method by the public is showing dramatic growth. Hence, credit cards are gaining interest as cardholders can certainly make online purchases without troubles.
Additionally, as RHB sees the critical need to produce a good balance between demand and supply, they’ve launched a credit card scheme that promises more advantage to the cardholders that could be enjoyed as they start to use it for either offline or online transactions.
Then again, the Bank realizes that consumer banking surpasses credit cards and savings accounts. Currently, most people depend upon loans to purchase assets, yet getting loan approval could be a time-consuming process. So, RHB Bank had developed a flexible policy for individuals with a minimum interest rate for quite a few different varieties of loans. Also, personal financial investment, unit trust, as well as insurance services are offered.
Shifting the focus to corporate customers, RHB Bank is in addition to offering corporate banking solutions to entrepreneurs and organizations. These target customers are welcomed to get loans and even subscribe to other products and services, which includes asset management and cash management services.
Small-medium enterprises are amongst the customers that will possibly enjoy the most benefit, especially when they can make loan applications should extra revenue is needed to scale the business. Additionally, retails solutions are additionally offered to SMEs who would need it.
Despite this, focus on the highly demanded Islamic banking facilities has never been an oversight. RHB Bank is aware that there is a lot of requests from the consumers to bring about Shariah-compliant financial instruments. As a result of that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and numerous kinds of other offerings that adheres to the Shariah guideline to the public.
RHB Bank has seen a 24% annual brand value increase in 2016 which automatically places them in the top five positions for banks in the nation. In anticipation of the upcoming market growth, the Bank has started strategizing an increasingly proactive strategy such as personal loan Malaysia to keep its growth rate steady for years to come.