Details matter in retail. From brick-and-mortar stores and online retailers to consumer and maintenance services, this fast-changing industry spans many types of businesses and demands speed and adaptability. By standing still, you lose ground to aggressive competitors, who may have adapted to changes in consumer demands.
New technology, evolving consumer preferences and worldwide competition from e-commerce and omnichannel retailers are shaking up the industry. Despite these challenges, they also create significant opportunities for savvy retailers to adopt fresh experiential concepts and transform their core retail and digital capabilities. To help businesses navigate and thrive in the omnichannel space, we offer solutions specific to your retail expertise and needs, such as easy-to-use e-commerce platforms and marketing tools.
At the same time, we understand the challenges you face from the ground up — be it rising rental costs, staffing challenges or competitive online marketing spaces. Leveraging our deep industry insights, we can help retailers like you transform retail concepts and embrace the latest technology to get ahead of the competition.
Manage your business finances with the OCBC Business Account. From getting an up-to-date picture of your cash flow to reconciling payments and collections, you can access your account 24/7 on desktop and mobile with OCBC Velocity and the OCBC Business app.
Manage your business finances with the OCBC Business Account. From getting an up-to-date picture of your cash flow to reconciling payments and collections, you can access your account 24/7 on desktop and mobile with OCBC Velocity and the OCBC Business app.
Collect payments digitally across multiple stores through credit cards, OneCollect and PayNow Corporate. If getting real-time notifications is a priority, OCBC OneCollect does just that and ensures that you receive payments in your business account almost instantly.
Collect payments digitally across multiple stores through credit cards, OneCollect and PayNow Corporate. If getting real-time notifications is a priority, OCBC OneCollect does just that and ensures that you receive payments in your business account almost instantly.
Adopt a secure and easy way to pay your suppliers on time. Plus, send international payments at a preferential foreign exchange rate with FX Online. Based on our data, 1 in 5 retail firms either sent or received overseas Telegraphic Transfers in 2022.
Adopt a secure and easy way to pay your suppliers on time. Plus, send international payments at a preferential foreign exchange rate with FX Online. Based on our data, 1 in 5 retail firms either sent or received overseas Telegraphic Transfers in 2022.
Need to give your online sales an advertising boost? Think you are spending too much time on payroll and onboarding?
Our Start Digital pack lets you explore various marketing, e-commerce, accounting and HR tools to save time and boost productivity.
It includes Shopify, a fully customisable e-commerce platform that helps you build an online store — similar to Facebook, Instagram and YouTube shops. Or boost your sales using SKALE, a marketing tool that enables you to engage existing customers and reach new ones through digital vouchers, ads and more.
Get access to working capital and seize the right opportunities at the right time. Manage your cash flow quickly and effectively so you can support rapid business growth, navigate cash shortfalls, and prepare your business for the unexpected.
Free up cash flow by taking up a rental bond and save on hefty security deposits for landlords.
†Underwritten by Great Eastern General Insurance Limited (subsidiary of OCBC Group).
Minimise damages or losses caused by unforeseen circumstances with our General Commercial Insurance. This insurance covers fire damages, public liability, burglary, loss of money and work injury compensation for your employees.
Losing key person(s) can severely disrupt operations and impact your bottom line. Our Corporate Life Insurance will insure against losing your core talent by providing a lump sum payout with adequate liquidity to keep your business running smoothly.
With our expertise in working with a broad spectrum of retailers, we can help your business thrive in this dynamic and competitive space.
We offer customised advisory services for mergers and acquisitions, as well as regional expansion in a post-pandemic world.
Take advantage of our network to get the right financing and advice to grow your business – today, tomorrow and beyond.
Beyond helping the environment, adopting green practices can help your retail business be more efficient and transparent, and gain credibility from customers and investors.
Consider investing in green solutions such as energy-efficient store lighting or environmentally-friendly packaging.
Regardless of your business' retail sector, our innovative sustainable business solutions can offer a competitive edge.
We support retail businesses like yours at every step of the way. Watch how they start and grow their businesses and get recognised though our Emerging Enterprise Award.
Crown Coffee Pte Ltd
Crown Coffee is a contactless dining concept which allows customers to order coffee through an app and collect them through pigeonholes.
Dreamcore Private Limited
Dreamcore aims to revolutionise the custom PC market by providing good quality products and guiding customers through the purchase process.
Mr Popiah Pte Ltd
Mr Popiah is run by a second-generation business owner who aims to bring local snacks to the global stage.
No matter the size or stage of your business, we are here for you.
If you are a first-time business owner, join us as an OCBC Business Banking customer by opening a business account. Or contact our digital specialist to help you get started on the right foot and digitalise your business.
Open a business account
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Whether you are expanding your range of services or your footprint, we offer industry insights and solutions to help you grow and scale. Contact us and our Relationship Manager will be in touch.
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The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs across industry value chains, including retail.
Similar to the previous quarter, the Retail sector contracted slightly at 49.7 with a 7.2% on-year decline in collections.
*OCBC SME Index is centred on a score of 50, which represents zero change in the inputs from a year ago. A reading above 50 indicates improved activity, while a reading below 50 indicates a deterioration relative to the same period a year ago.
