DPM Heng Swee Keat announced today that the government has set aside over $500 million to support businesses in its digital transformation.
Infocomm Media Development Authority (IMDA), National Environment Agency (NEA), JTC, Housing Development Board (HDB) and Enterprise Singapore will provide a bonus of S$300 per month over five months to stallholders.
This bonus aims to encourage more stallholders in hawker centres, wet markets, coffee shops and industrial canteens to use e-payments and avoid having to handle cash.
A Digital Resilience Bonus will also be introduced to help businesses take their next step to digitalise, starting with F&B and retail sectors.
Eligible businesses can receive a payout of up to S$5,000 if they adopt PayNow Corporate and e-invoicing, as well as business process or e-commerce solutions.
Featured Image Credit: Culture Trip
