CIMB secures 10,000 Infineon Melaka staff in payroll tie-up

Employees enrolled in CIMB@Work will get 20% cashback on tolls, transits, and Visa debit card overseas spend.

CIMB has onboarded Infineon Technologies (M) Sdn Bhd Melaka’s (Infineon Melaka) 10,000 employees onto its payroll banking solution.

The Malaysian bank said that Infineon Melaka’s employees will be able to access preferential privileges, lower entry requirements for selected CIMB credit cards, and preferential rates on selected financing products.

Employees enrolled into the CIMB@Work solution enjoy 20% cashback on tolls and transits, and 20% cashback on overseas spend when using the CIMB Visa Debit Card.

They also won’t need to submit an income document when applying for selected CIMB credit cards and the Cash Plush personal loan. They will also get preferential financing rates for the latter, CIMB said.

Term-Financing-i secured by Amanah Saham Berhad is also available for CIMB@Work customers.

CIMB also promises them preferential foreign exchange rates for Outward Foreign Telegraphic Transfers performed at CIMB branches.

Infineon Melaka is the largest backend manufacturing site for the German semiconductor company Infineon Technologies.