Over 15,000 SMEs Across Asia Will Benefit from Digital Financing on Five New DBS Platforms

- 19 May 2022 16:05 WIB

JAKARTADAILY.ID -- In support of businesses adapting to an ever-changing situation, characterized by prolonged trade disruptions and geopolitical tensions, DBS will launch five new platform partnerships by 2022.

The platform will have integrated digital and supply chain financing capabilities that are expected to benefit more than 15,000 SMEs across Singapore, Hong Kong, China, India and Indonesia before the end of this year.

Sectors that will benefit from the launch of this digital platform include e-commerce, logistics and commodities. Since 2017, DBS has launched 12 digital platform partnerships with integrated digital financing and payments capabilities.

Raof Latiff, DBS Group Head of Ecosystems, said that companies of all sectors and scales are feeling increasing pressure to keep up with the latest digital developments as they work to address global supply chain disruptions and ongoing economic bottlenecks.

“To ease some of this burden, we continue to leverage our large suite of digital solutions to provide integrated financing solutions to help businesses overcome challenges and strengthen their business resilience,” in his question quoted, Thursday May 19, 2022.

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Wei-Li Tuomela, Vice President, Stora Enso Oyj, a leading global renewable solutions based in Finland said, During the pandemic, DBS is taking steps to accelerate the adoption of digital financing channels for their suppliers.

“The speed with which we offer financing to our suppliers and the ease with which we can digitally join the entire process also help alleviate challenges when trade disruptions are at their peak,” he explained.

Today, DBS partners with large and established anchor companies (qualified high-tech companies) in various sectors, including technology, media and telecommunications, apparel, consumer products, food and agriculture, and automotive and logistics, to provide competitive digital financing options to customers. their network of suppliers and/or distributors through digital trading platforms.

By 2021, DBS is embracing 45 new anchors and more than 5,000 suppliers and distributors through the digital platform.

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Editor: Muhamad Al Azhari


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