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

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments