Small and medium-sized businesses (SMBs) in Singapore have had to pivot from their traditional brick-and-mortar operations and move online in the face of COVID-19 disruptions. Aided by global payment systems, some have managed to thrive and expand their reach overseas. 25% of online SMBs...
On 4 April 2020, Enterprise Singapore (ESG) announced the Food Delivery Booster Package to support F&B businesses to diversify operations through food delivery. Under the first phase of the roll out, ESG funds five percentage points of the commission cost charged by three food delivery platforms –...
Enterprise Singapore (ESG) launched the E-Commerce Booster Package on 2 April. This supports SME retailers with little or no e-commerce experience in starting their business transformation by selling online. The Package supports 90% of the cost for retailers to on-board e-commerce platforms for domestic...
eBay has unveiled its study on online businesses across the six Southeast Asian markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The "Southeast Asia Small Online Business Trade Report 2022" ("Report") highlights how small and medium-sized enterprises (SMEs) in these countries are using the eBay e-commerce marketplace to successfully sell...
While the pandemic has presented unprecedented challenges and disruption to the global business environment, it has also opened up possibilities for companies that position themselves to seize them. Key to weathering the disruptions and realising growth plans are strong and agile financial foundations. One...
CB Insights has unveiled the second annual Retail Tech 100 — a list of the top private companies using technology to reshape the shopping experience and make retail operations move faster and sell more.  The 2022 Retail Tech 100 cohort has raised approximately $25.4B in...
COVID-19 has seen consumers across the world ditch cash and in-person shopping in favour of online spending, according a Standard Chartered global survey. Almost two-thirds of survey respondents (64 per cent) agree that COVID-19 has made them more positive about online shopping, but they are also more...
OCBC Bank has seen a surge in the use of PayNow by its small and medium enterprise (SME) customers, among whom seven of every 10 have registered for the funds transfer service. The volume of PayNow transactions by the bank’s SME customers in the first 10 months...