DBS and Singtel join hands to set up e-marketplace for SMEs

DBS will create a B2B platform for small and medium enterprises (SMEs) to sell their goods
and services to large corporate and multinational corporations (MNCs).

DBS is collaborating with Singtel for the SME portal which will instantly connect SMEs
including those without an online presence to an e-commerce platform hosted on the site.
The furnished e-marketplace will give SMEs who are unsure of how to tap into online sales
channels instant access to an online “shopfront” where consumers can browse and buy
services and goods across different categories from fashion and beauty products to electronic goods and even stationery instantly, all at the click of a button.

“This will also help SMEs to raise their profile and grow beyond Singapore’s shores to
expand their customer base regionally and globally,” the announcement said.

According to DBS Bank group head of SME banking Joyce Tee, SMEs in Singapore should
gear up with the right programmes and resources to give them a chance to realise their
regional growth ambitions as Asia is becoming the fastest growing region globally.

“Through the initiative, Singtel and other partners have pooled our resources with the view of
helping at least 10,000 SMEs jump start and accelerate their digital transformation,” Singtel
group enterprise and business group managing director Andrew Lim said.