CIMB Bank Berhad has successfully onboarded over 10,000 employees from Infineon Technologies (M) Sdn. Bhd. Melaka onto its CIMB@Work payroll banking solution. This significant collaboration marks one of the largest payroll onboarding initiatives for CIMB, highlighting the strong partnership between the two organisations.
Infineon Melaka employees will now enjoy a seamless salary banking experience, along with preferential privileges such as lower entry requirements for selected CIMB credit cards and preferential rates on financing products. Gurdip Singh Sidhu, CEO of CIMB Malaysia, stated, “This collaboration reflects our capability to deliver innovative large-scale payroll banking services that help organisations foster inclusivity within their workforce.”
Eng Seng Meng, Senior Vice President and Managing Director of Infineon Melaka, expressed satisfaction with the partnership, noting the importance of providing employees with comprehensive financial solutions and value-added benefits. “Entrusting CIMB with the payroll banking transition for more than 10,000 employees marks an important milestone in our partnership,” he said.
The CIMB@Work solution offers employees a broad ecosystem of banking, financing, protection, and wealth management services. Additional benefits include 20% cashback on tolls and overseas spend with the CIMB Visa Debit Card, and preferential foreign exchange rates for outward foreign telegraphic transfers at CIMB branches.
CIMB aims to be a leading financial institution in payroll banking, supporting employers and employees across the country with practical, customer-centric solutions. This partnership with Infineon Melaka underscores CIMB’s commitment to advancing financial inclusion and enhancing the employee experience.
