Kuala lumpur: More than 8,500 small and medium enterprises (SMEs) in the healthcare sector across Pharmaniaga Bhd's network will benefit from its strategic partnership with CrediBill Sdn Bhd, which offers payment flexibility for the purchase of pharmaceutical and healthcare products. According to BERNAMA News Agency, Credibill is a Malaysian business-to-business (B2B) buy now, pay later (BNPL) platform powered by CapBay, a supply chain finance and peer-to-peer financing platform licensed by the Securities Commission Malaysia. This collaboration aims to address the ongoing cash-flow pressures faced by SMEs in Malaysia's private primary healthcare sector. "Under this initiative, more than 8,500 healthcare providers in the Pharmaniaga network will benefit from an extended payment period of up to 90 days for the purchase of their pharmaceutical and healthcare products at no additional cost," Pharmaniaga and Credibill said in a joint statement today. They said buyers who participate in this initiative can also e xtend their credit period beyond 90 days through the BNPL CrediBill platform at an affordable rate. "As the largest integrated healthcare service provider in Malaysia, Pharmaniaga plays a key role in ensuring the availability and distribution of medicines and healthcare products nationwide. This collaboration complements Pharmaniaga's ongoing efforts to strengthen the resilience of the healthcare supply chain by supporting the financial sustainability of healthcare providers," they said. According to the Malaysian Medical Association, more than 70 per cent of the country's 10,000 private general practitioner (GP) clinics generate less than RM60,000 a month, with many struggling to maintain operations due to rising costs and a mismatch between upfront stock purchases and delayed insurance reimbursements. CrediBill director and CapBay group chief executive officer Ang Xing Xian said this collaboration with Pharmaniaga is a meaningful step in its mission to build a more financially resilient healthcare ecosys tem in Malaysia. "We look forward to further expanding our solutions to benefit more healthcare business owners in the years to come," he said. Pharmaniaga managing director Datuk Zulkifli Jafar said the joint initiative with Credibill reflects the group's commitment to strengthening access to healthcare and supporting service providers serving communities nationwide. "This collaboration is an important step towards increasing access to financing for healthcare providers across Malaysia," he said.