According to Maybank’s president and CEO quoted by Yahoo News, the bank expects that within the first year, around 1,000 of the 12,000 existing business customers who use its M2e.net enterprise cash management portal will also sign up for its newly launched online income tax payment service.
The initiative aims to promote the use of online banking in the Malayan corporate sector. According to the same source, in the seven-month interval between January and July 2009 Malayan corporations carried out a total of 1.7 million transactions, out of which only 119,000 transactions were made via electronic banking.
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