Industry leaders have endorsed the Malaysia Digital Economy Corporation (MDEC)’s Business Digitalisation Initiative (BDI), highlighting its role in accelerating MSME digital adoption through strategic partnerships, funding access, and innovative solutions. The initiative, backed by RM1.5 billion in funding, aims to future-proof businesses and strengthen Malaysia’s digital economy.
MALAYSIA, 30 March 2025 – The Malaysia Digital Economy Corporation (MDEC)’s Business Digitalisation Initiative (BDI) has garnered strong support from industry leaders, who hail it as a game-changer in propelling micro, small, and medium enterprises (MSMEs) toward digital transformation. With an allocated funding pool of RM1.5 billion, the initiative is set to provide crucial resources, financial access, and expert guidance to empower businesses in Malaysia’s evolving digital economy.
Minister of Digital, YB Gobind Singh Deo, praised the initiative as a proactive step by the Madani Government, aimed at enhancing MSME productivity and operational efficiency through innovative technology solutions. “This initiative is a business-centric digitalisation drive that will empower MSMEs with the right tools to remain competitive in the digital era,” he said.
A key feature of the BDI is the introduction of affordable and freemium e-invoicing tools based on the Peppol framework. These tools, supported by 21 MDEC-accredited service providers, streamline financial processes, improve regulatory compliance, and enhance efficiency for MSMEs.
MDEC CEO Anuar Fariz Fadzil emphasized the initiative’s commitment to addressing business pain points, ensuring that MSMEs receive targeted support, strategic partnerships, and financing options to aid their digitalisation journey. “The BDI is about ‘uplifting’ MSMEs by strengthening resilience, boosting competitiveness, and future-proofing their growth,” he said.
Industry Leaders Endorse BDI The initiative has received strong endorsements from key industry players:
- CTOS Data Systems COO Lee Shin Mei commended the government’s commitment to MSME digitalisation, recognizing the importance of industry collaboration in providing meaningful support.
- BigLedger CEO Vincent Lee highlighted the transformative potential of Peppol-based e-invoicing, positioning it as a gateway for MSMEs to integrate into regional and global supply chains.
- Grab Malaysia MD Adelene Foo applauded the government’s holistic approach, affirming Grab’s commitment to using technology to drive inclusive economic growth.
- GXBank Malaysia Chief of Staff Hildah Hamzah emphasized the role of digital banking solutions in simplifying MSME access to financing and fostering financial inclusion.
- PIKOM Chairman Alex Liew lauded the initiative as a crucial step in uniting stakeholders to create a thriving digital ecosystem for MSMEs.
Further solidifying the collaborative effort, multiple Memorandums of Understanding (MoUs) were signed between MDEC, SME Corp Malaysia, and various industry partners. These agreements reinforce MDEC’s ongoing mission to drive Malaysia’s digitalisation agenda by connecting businesses with cutting-edge digital solutions, expertise, and funding opportunities.
As Malaysia advances toward becoming a fully digital economy, the BDI stands as a pivotal force in ensuring that MSMEs are well-equipped to thrive in an increasingly competitive global market.
