Menu
Microsoft banks on zero interest

Microsoft banks on zero interest

Microsoft intends to offer small businesses interest-free loans in a bid to secure customer loyalty.

The company's senior VP for small and mid-market solutions, Orlando Ayala, says the loans enable SMEs to acquire the technology they need to expand.

“The Microsoft financial company can provide loans at a low, or zero, interest rate. The loan will be a three-year-type agreement and we’ll work with local banks that have the infrastructure to support the scheme.”

Ayala says Microsoft has no interest in becoming a bank but is willing to carry all the risk involved with the loans.

He says the company will still make good money on software sales.

“Software is a high-margin business,” he says.

According to Ayala, the loan can also be used to purchase non-Microsoft software.

The scheme has been test-marketed in Brazil with “good results” and Ayala expects it to be available within 18 months in Australasia.

Ayala praises the New Zealand government for its support of small business.

“You have a sophisticated government that recognises how important the small business market is. These businesses could be the huge international companies of the future and we want to help them.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments