KUALA LUMPUR, 28 March 2025 — Industry leaders have voiced strong support for
Malaysia Digital Economy Corporation (MDEC)’s Business Digitalisation Initiative
(BDI), praising it as a transformative step in accelerating micro, small, and medium
enterprises (MSME) digital adoption. They recognise its role in providing businesses
with essential tools, funding access, and expert guidance to drive growth and
competitiveness in the digital economy.
The BDI is supported by a cumulative funding pool of approximately RM1.5 billion,
facilitated through strategic public-private partnerships with financial financial institutions, digital
banks, peer to peer (P2P) lending platforms, and local service providers to drive digital
transformation for MSMEs across Malaysia.
Minister of Digital, YB Gobind Singh Deo said: “This BDI initiative is a business centric
transformative digitalisation initiative by the Madani Government to empower MSMEs
with innovative technology solutions for their realisation of greater productivity and
operational efficiencies.”
As part of this effort, the initiative also offers affordable and freemium e-invoicing tools
based on the Peppol framework, supported by 21 Malaysia Digital Economy
Corporation (MDEC) accredited service providers. These tools streamline financial
processes, improve compliance, and enhance efficiency for MSMEs.
MDEC Chief Executive Officer Anuar Fariz Fadzil commented: “The BDI is about
‘uplifting’ MSMEs by building their resilience, enhancing competitiveness, and future-
proofing their growth. We aim to tackle real business ‘pain points’— whether it’s a lack
of skills, tools, funding or even knowing where to begin — and offer solutions that are
targeted, practical and relevant to their business aspirations.”
“This includes tailored support, strategic partnerships, access to financing and
freemium e-invoicing tools, ensuring digitalisation is both accessible and impactful for
MSMEs throughout our beloved nation,” concluded Anuar.
Industry endorsements
CTOS Data Systems Chief Operating Officer Lee Shin Mei, welcomed the initiative
and commended the government’s commitment to MSME digitalisation, highlighting
the importance of uniting key industry players to provide meaningful support.
Meanwhile, BigLedger Chief Executive Officer Vincent Lee underscored the
transformative potential of Peppol-based e-invoicing, noting that it serves as a
gateway for MSMEs to integrate into regional and global supply chains while improving
financial efficiency.
Managing Director of Grab Malaysia Adelene Foo recognised the government’s
holistic approach to MSME digitalisation and affirmed Grab’s commitment to using
technology to drive economic empowerment and inclusive growth in Malaysia and the
region.
Chief of Staff for GXBank Malaysia, Hildah Hamzah, underscored the bank’s
commitment to financial inclusion, stating that by leveraging digital banking solutions,
they aim to simplify MSME access to financing and drive their growth in the digital
economy.
In addition, PIKOM Chairman Alex Liew commended the BDI as a transformative
initiative that unites key stakeholders to drive MSME digitalisation, emphasising strong
leadership and collaboration in creating an ecosystem that enables businesses to
scale and compete
Several Memorandum of Understanding (MoUs) were signed between MDEC, SME
Corp Malaysia, and various industry partners, reinforcing the collaborative effort to
support MSMEs in their digital transformation journeys. Through these partnerships,
MDEC continues to champion the digitalisation agenda by fostering a collaborative
ecosystem that connects businesses with the right digital solutions, expertise, and
funding opportunities.
