MerchantSuite officially launched

Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Awang Hj Mohammad Yasmin bin Haji Umar delivering his welcoming remarks and applaud Baiduri Bank for making it easier for SMEs to do their online transactions

Now this is a very interesting system especially when you are doing businesses online. The one who will benefit the most are e-vendors and also their customers. Once you master the usage of this new payment gateway of the MerchantSuite, online transaction can become seamless.

The idea and implementation stage took a few months as Baiduri Bank wanted to focus on bringing the best out of MerchantSuite for the residents of Brunei Darussalam. Under the care of the Business Banking Unit, the MerchantSuite is a suite of solutions to enable SMEs to elevate their businesses by providing an affordable online platform to conveniently issue invoices and accept card payments. The suite complements an SME’s social media presence and does not require the setup of a website, which may get costly for entrepreneurs starting a business. Now, isn’t that interesting?

Baiduri Bank launched its new product, MerchantSuite, at Radisson Hotel recently. The launch was officiated by the Minister of Energy and Industry, Prime Minister’s Office, Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Awang Hj Mohammad Yasmin bin Haji Umar, the guest of honour for the event.

Also present was CEO of Baiduri Bank, Pierre Imhof, who continues to bring new innovative ideas and systems to Baiduri Bank and hence, it’s no surprise that Baiduri Bank keeps winning accolades internationally. It’s always Baiduri’s strategy to always partner with the best, most reputable names in the world in order that we design and distribute the best products available in the market and the most suitable for the local Brunei environment. Keep it up, sir!!

Pierre Imhof delivering the opening speech

Launching the event

The guest of honour being briefed on how MerchantSuite works

Yang Berhormat mingling with guests during the break

In a nutshell, MerchantSuite is user friendly, convenient and will greatly benefit SMEs who are seeking to expand their business by offering card payment options for their customers. The service will be able to accept payment from any credit or debit card bearing the Visa, Mastercard, American Express logo.

On top of allowing users to accept card payments securely, in line with Baiduri Bank’s commitment to providing the highest industry standard in data security, MerchantSuite complies with the globally recognized PCI-DSS. Having the PCI-DSS requires stringent security standards during processing and transmission of cardholder data thereby assuring the users of better protection from credit card data leak.

How to apply?

To register for MerchantSuite, customers will need to set up and maintain a company account in Baiduri Bank. Once set up, a simple online registration is required, with 4 tier options available, namely, Bronze (USD60 per year), Silver (USD120 per year), Gold (USD500 per year), and Platinum (USD1000 per year). Those who would like to register for a trial account may simply do so for free.

Aside from MerchantSuite, the Business Banking Unit under Retail Banking provides support and services to small and medium enterprises (SMEs), such as the Baiduri Internet Gateway System, as well as the Business i-Banking to assist businesses in paperless transactions and assist them in SME credit facilities where eligible.

For more information on MerchantSuite, the public can contact Baiduri Bank at 2449666, log on to www.baiduri.com, or find Baiduri Bank on Facebook, Instagram or Twitter.

The awesome features of MerchantSuite

Guests inquiring on how MerchantSuite works. Don’t be afraid to ask 😀