CrediBill Sdn Bhd, Malaysia’s B2B Buy Now Pay Later (BNPL) platform powered by CapBay, has partnered with Pharmaniaga Bhd to provide greater payment flexibility for more than 8,500 healthcare providers across Malaysia, including clinics, pharmacies and dental practices.
Under the collaboration, healthcare buyers within Pharmaniaga’s network will enjoy extended payment terms of up to 90 days at zero cost when purchasing pharmaceutical and healthcare products. The programme also allows eligible buyers to further extend their credit terms beyond 90 days through CrediBill’s BNPL platform at affordable rates.
The initiative aims to ease cash flow challenges faced by healthcare SMEs, particularly private primary healthcare operators grappling with rising operating costs and delayed insurance reimbursements.
As Malaysia’s largest integrated healthcare service provider, Pharmaniaga said the partnership aligns with its efforts to strengthen the resilience of the country’s healthcare supply chain while supporting the financial sustainability of healthcare providers.
The programme is powered by CrediBill’s AI-driven credit scoring engine, which leverages alternative supply chain data to assess buyers’ creditworthiness beyond conventional lending methods. The platform also enables digital onboarding with minimal paperwork and provides users with a unified system to manage payables and access financing facilities.
According to the Malaysian Medical Association, more than 70% of Malaysia’s 10,000 private general practitioner clinics generate monthly revenue of less than RM60,000, highlighting the financial pressures faced by many frontline healthcare providers.
Director of CrediBill and Group CEO of CapBay, Ang Xing Xian, said healthcare SMEs have traditionally been underserved by financial institutions despite playing a crucial role in delivering healthcare services nationwide.
“Healthcare is a sector close to our hearts at CrediBill. The men and women running clinics, pharmacies and dental practices across Malaysia are doing important work, yet they have long been underserved by traditional financial institutions,” he said.
Ang added that the partnership marks an important milestone in CrediBill’s mission to build a more financially resilient healthcare ecosystem and expand financing solutions to support more healthcare business owners.
Meanwhile, Managing Director of Pharmaniaga Bhd, Dato’ Zulkifli Jafar, said the company views itself as a healthcare partner committed to supporting the wider healthcare ecosystem beyond medicine distribution.
“Healthcare providers play a vital role in delivering quality care to Malaysians, and through our partnership with CrediBill, we are pleased to offer greater financial flexibility to support their operations,” he said.
