Singapore's central bank announces new hub for SMEs to access business services

"First, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority - IMDA is partnering up with six private sector partners to create a cross-border innovation hub called Business sans Borders.

The six partners are GlobalLinker, Mastercard, SAP, Yellow Pages, DBSBank and Singtel — all of which service groups of small and medium enterprises in various capacities.

Through this new alliance, the six partners will help SMEs build digital solutions that will strengthen their ability to conduct cross-border and domestic trade."

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