Infineon Melaka entrusts CIMB with payroll banking for more than 10,000 employees

(From left) Florian Franz Herrmann, Vice President & Chief Financial Officer, Infineon Technologies (M) Sdn. Bhd., Eng Seng Meng, Senior Vice President & Managing Director, Infineon Technologies (M) Sdn. Bhd., Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad and Daniel Cheong, Head of Consumer Banking Malaysia, CIMB at the signing ceremony of the Payroll Collaboration between Infineon Technologies (M) Sdn. Bhd. and CIMB.

KUALA LUMPUR, Aug 20 (Bernama) -- CIMB Bank Berhad (“CIMB” or “the Bank”) has successfully onboarded Infineon Technologies (M) Sdn. Bhd. Melaka (“Infineon Melaka”) employees onto the CIMB@Work payroll banking solution. This milestone marks one of CIMB@Work’s largest payroll onboarding initiatives and underscores the strong collaboration between both organisations in delivering a seamless payroll transition and employee onboarding experience.

Through the collaboration, Infineon Melaka employees now have access to the broader CIMB@Work proposition, which offers a convenient salary banking experience alongside selected preferential privileges, lower entry requirements for selected CIMB credit cards and preferential rates on selected financing products.

Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad said, “This collaboration reflects our capability to deliver innovative large-scale payroll banking services that help organisations foster inclusivity within their workforce, in line with CIMB’s brand promise of Moving You Forward. Through the seamless, structured and scalable CIMB@Work solution, employees are able to access a broad ecosystem of banking, financing, protection and wealth management that holistically support their financial well-being at every stage of life.”

Eng Seng Meng, Senior Vice President & Managing Director of Infineon Melaka said, “Entrusting CIMB with the payroll banking transition for more than 10,000 employees marks an important milestone in our partnership. We are pleased to collaborate with a trusted banking partner that has delivered a seamless implementation while ensuring our employees have access to a comprehensive suite of financial solutions and value-added banking benefits. This collaboration reflects our shared commitment to enhancing the employee experience through greater convenience and we look forward to strengthening our partnership in the years ahead.”

Payroll banking has become an increasingly important enabler of financial inclusion, and CIMB aspires to be a leading financial institution in this space, supporting employers and employees across the country. CIMB@Work delivers an integrated payroll banking proposition that combines convenience, protections as well as other relevant financial solutions, helping employees manage their financial needs with greater confidence. This reflects CIMB’s purpose of advancing customers and society by delivering practical, customer-centric banking solutions that create meaningful and lasting value.

Additional benefits for employees enrolled into the CIMB@Work include 20% cashback on tolls and transits, as well as 20% cashback on overseas spend with the CIMB Visa Debit Card. Other benefits include lower income requirement for applications to selected CIMB credit cards while there is also no income document requirement for selected CIMB credit cards and the Cash Plus Personal Loan (“CPL”). Preferential financing rates for CPL, and Term-Financing-i secured by Amanah Saham Berhad (“ASB”) are also available for CIMB@Work customers. Outward Foreign Telegraphic Transfers performed at CIMB branches will enjoy preferential foreign exchange rates, and employees can manage their salary, savings and bills anytime through the CIMB OCTO app.

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM81.6 billion as at 31 March 2026. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines.

Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 545 branches and over 33,000 employees as at 31 March 2026. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 91.45% shareholder of Bank CIMB Niaga in Indonesia, and 94.83% shareholder of CIMB Thai in Thailand.

SOURCE: CIMB Bank Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com

--BERNAMA