Updated as of 27th June 2024: The MSME Digital Grant MADANI 2024 budget has been fully allocated. However, you can still claim RM 3,000 Business Grant from EasyStore, click here to find out. 

FOR IMMEDIATE RELEASE

Kuala Lumpur, April 2nd, 2024 - In a concerted effort to boost the digital transformation of micro, small, and medium enterprises (MSMEs) in Malaysia, the Malaysian government, in collaboration with, Malaysian Digital Economy Corporation (MDEC), Bank Simpanan Nasional (BSN Bank), and the Malaysian Communications and Multimedia Commission (MCMC), is proud to announce the launch of the MSME Digital Grant MADANI. 

This groundbreaking initiative, funded under Budget 2024, is designed to accelerate the digital transformation of micro, small, and medium enterprises (MSMEs) in Malaysia, propelling them towards enhanced growth and competitiveness. 

EasyStore, leading unified commerce platform provider, has been designated as a Digital Partner (DP) by MDEC to support MSMEs in their journey towards digital transformation. 

MSMEs can claim 50% of the invoiced amount or up to RM5,000.00, providing substantial financial support to ease the transition into the digital realm.

Who is eligible for MSME Digital Grant MADANI?

• Malaysian-Owned: MSMEs/Cooperatives must be at least 60% owned by Malaysian citizens.
• Registration Requirements: Must be registered with the Companies Commission of Malaysia (SSM)/Local Authorities (PBT) or Malaysia Co-operative Societies Commission (SKM).
• Operating Duration: The business should be operating for at least six months.
• Annual Turnover: Must have an annual turnover of an average of at least RM50,000.
• Previous Grants: MSMEs/Cooperatives must not have received previous Digitalisation Matching Grants.

Required documents for MSME Digital Grant MADANI?

• Identification: Copy of identity card or passport of director(s)/partner(s)/proprietor(s), whichever is applicable.
• Business License: Business registration documents/SSM business profile/SKM registration docs.
• Financial Documents: Latest audited accounts, management accounts, or latest two-month bank statements.
• Invoice: Invoice/quotation issued by Digitalisation Partners.

The grant program will continue until the allocated RM100 million budget has been fully disbursed to benefit more than 20,000 MSMEs. MSMEs are encouraged to take advantage of this opportunity to embrace digitalization and secure their financial future.

Application Process 

Retail and Ecommerce Operations In One Place

EasyStore's Mobile Point of Sale (mPOS) system is designed for maximum flexibility, enabling sales transactions to be conducted swiftly from smartphones, tablets, or any internet-enabled device, allowing you to unify orders, customers, inventory, sales across online and retail outlets. 

Designed with the tools you need to capture every opportunity to bring your customer relationship to the next level, it serves as a key business asset to unify your operations for greater scalability.

1. Speeding Up Transactions 

• Short Waiting Time (No more than 15 minutes): Time is of the essence for modern shoppers. Seamlessly transform any device – whether it's a phone or tablet – into your POS to efficiently serve more customers in one go, ensuring a smooth and expedited shopping experience.

• 99.9% Successful Payment: Nearly 8 in 10 customers abandon their carts if their preferred payment method is unavailable. EasyStore supports NFC, TNG, eWallet, Cash, Credit Card and BuyNowPayLater (BNLP) payment methods, catering to diverse preferences. What's more, our extensive network includes partnerships with 50+ payment providers, providing a secure payment experience that customers trust and businesses rely.

• Offline-Ready POS: In low internet areas or during outages, EasyStore POS seamlessly functions in offline mode. Once reconnected, your orders, sales, and customer database will be automatically synchronized. 

2. Shortest Journey to Checkout Order

• Customisable Quick Actions and Navigations: Tailor the ideal checkout flow with customizable quick actions based on your business needs. Ensure that every click matters. Customers experience an efficient checkout journey that positions your business as the go-to option, delivering seamless transactions with style.

• Universal Scan and Search: Redefine the checkout process with a unified system for seamless scanning of products, customers, and orders – it's all at your fingertips.

• Staff-Empowered Interface: EasyStore mPOS boasts a user-friendly interface designed for swift and engaging checkouts, especially crucial during bustling bazaar sales. 

3. Easiest Journey to Know Your Customer

• Simplified Membership Sign Up: A friendly prompt for customer details – name, number, or email, seamlessly enrolls them in your membership system while facilitating your customer database growth.

• Loyal Member Identifier: A quick barcode scan or the provided details above easily allows staff to identify loyal members. A customer insights dashboard will also appear, offering valuable information on preferences, purchase history, and order details, facilitating personalized interactions and efficient order management.

• Smart Discount Insights: During checkout, our POS system dynamically updates and presents the maximum or available promotions or discounts for each customer, ensuring they can always redeem their benefits. This not only enhances customer satisfaction but also empowers staff to drive better interactions, making each transaction a seamless and rewarding experience.

• Send Voucher: Proactively send vouchers to customers before they reach the checkout counter, strategically maximizing the impact of that final push. This approach proves highly effective in encouraging customers to confidently seal the deal.

How mPOS Bridges Your Retail and Ecommerce Operations

1. Unified Inventory Management

Unified Inventory Management is crucial for maintaining real-time tracking of inventory across both online and offline sales channels. It ensures that the availability of products is accurately reflected, preventing stockouts and enhancing customer satisfaction. 

2. Unified Sales Process

Record every transaction and sales made across all channels in one backend. Offer in-store pickup for online customers and the ability to place pre-orders at retail locations with delivery via courier services. 

3. Unified Membership Program

Members enjoy personalized benefits, including dynamic rewards points, tier-based memberships, and access to exclusive perks through the Member app, online store, and all retail outlets.

4. Unified Staff Management

EasyStore mPOS features an interface designed meticulously around daily business workflows. New staff can quickly adapt without extensive training, ultimately saving owners valuable time.

5. Unified Back Office 

A Unified Back Office serves as the backbone of operational efficiency, seamlessly integrating administrative tasks and centralizing functions for streamlined coordination.

How do these features enhance day-to-day operations? Click here to find out.

Claim Up To RM 3000 Business Grant