KUALA LUMPUR, Malaysia, July 7 (Bernama) — Cisco has launched a new financing programme to help small and medium enterprises (SMEs) in Malaysia purchase its products at 0% interest, with no upfront costs, and at a fixed 3-year monthly payment term. The offer extends to all Cisco’s products portfolio including software, hardware, and services.
The launch of the programme comes as Malaysia eases its COVID-19 measures and reopens the economy which will see various economic sectors resuming their operations under the Recovery Movement Control Order (RMCO). However, the prolonged disruption to supply chains and decreased business activities in the country have seen many SMEs – which makes up for 98.5% of total registered businesses and around 65% of the country’s employment — struggle to maintain their operation in the aftermath of the pandemic.