DBS to set up B2B marketplace for SMEs

"DBS Bank is developing an online business-to-business (B2B) marketplace so that small and medium-sized enterprises (SMEs) can sell goods and services to large companies, even multinationals.

The platform will give SMEs access to supply chain connections, as well as financing and payment solutions that are usually only open to large corporations.

The portal, which is being supported by 99%SME partners Mediacorp, Mastercard and Singtel, is expected to be launched by the end of the year."

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