Digital Resilience Bonus | OCBC Business Banking SG

Digital Resilience Bonus

Receive up to S$10,000.

Why you will love this

Support your business’ digital transformation

Receive pay-outs of up to S$10,000

Seamless pay-out process

Who can apply

Must be in the retail or F&B industry

Incorporated on or before 26 May 2020

Have an active PayNow Corporate account

Have your business registered on the PEPPOL e-invoicing network

Improve competitiveness and enhance productivity. Go digital.

As announced by the government during the Fortitude Budget, the Digital Resilience Bonus aims to help Food Service and Retail businesses digitalise, be resilient and adapt quickly to the fast changing COVID norms. If your business is in these sectors, you can get up to S$10,000 in bonus pay-outs when you use a pre-defined category of digital solutions.

SOLUTIONS THAT QUALIFY FOR THE DIGITAL RESILIENCE BONUS
How do I get started?

3 steps to receive your Digital Resilience Bonus

1

Sign up for PayNow and InvoiceNow with OCBC.

2

Start using your selected digital solutions at least once a month.

3

Receive your pay-out via PayNow starting from August 2020
ADDITIONAL INFORMATION

Disclaimer

You may be directed to third party websites. OCBC Bank shall not be liable for any losses suffered or incurred by any party for accessing such third party websites or in relation to any product and/or services provided by any provider under such third party websites.


FAQS
Common questions
How and when will I get by bonus?

Pay-outs to qualified enterprises will start from August 2020.

Processing time will take about 1 month, upon the submission of UENs by Providers of Qualified Solutions (or Supporting Banks) to IMDA.

How do I apply for the DRB?

There is no need for you to submit any application form.

Providers of Qualified Solutions will submit your UEN to IMDA if you are using the solutions between 1 June 2020 and 30 June 2021.

IMDA will credit the Bonus into your PayNow Corporate account according to the categories of digital solutions you use.

What other support is there for digital transformation?

Start Digital Pack

Adopt any 2 foundational and easy-to-deploy solutions at no cost for 6 months with a minimum 18-month contract period.

Productivity Solutions Grant

Receive up to 80% funding for pre-approved technology solutions to improve productivity (until 31 December 2020).

Food Delivery Booster Package

Get supported as a Food Services enterprise in managing your food delivery costs, from 7 April to 30 June 2020. From 13 April to 31 December 2020, receive additional support to equip yourself with the tools and capabilities to optimise online delivery sales and build a strong digital presence.

E-Commerce Booster Package

For Retail enterprises, apply by 30 September 2020 to receive up to 90% funding support to set up your business online so that you can start selling your products on e-commerce platforms to local and overseas markets.

SMEs GO DIGITAL

To learn more about how you can go digital in other aspects of your life, visit http://www.imda.gov.sg/SMEsGoDigital.