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Digital Resilience Bonus [Updated]

In our previous post, we talked about the new government scheme which encourage F&B and Retail business to adopt digital solutions that help improve their business.

With the release of new information on qualification criteria and important date, here is an update on the Digital Resilience Bonus.

What Is Digital Resilience Bonus

Digital Resilience Bonus is an incentive pushed by the government to encourage business to adopt digital.

For F&B and Retail business that have PayNow Corporate, Invoicing, pre-defined categories of digital solution for Business Processes (more on this below), Digital Presence and Data Mining and Analytics, they can receive a bonus payout of up to $10,000.

How To Qualify For Digital Resilience Bonus

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The Bonus is split across 3 categories, each with its own eligibility criteria.

Here’s the key information you need to know know for eligibility of each category.

Category 1 – Business Process Solutions ($2,500 payout).

Your business must use all three qualified solution (see below) at least once a month.

Food Service

Retail

  • Accounting
  • HR/Payroll
  • Digital Ordering
    (Dine In/Takeaway)
  • Accounting
  • HR/Payroll
  • Inventory Management

If you do use all three, you are eligible for a $2,500 payout, request your solution provider to submit your Unique Entity Number (UEN) to IMDA and provide evidence of your usage.

Category 2 – Digital Presence ($2,500 payout)

You are eligible to receive a $2,500 payout if:

Your business is using a qualified solution to enable sales online either through an online shopfront or an online food delivery at least once a month.

OR

Your business makes purchase on an e-procurement platform at least once a month.

If so, request your solution provider to submit your Unique Entity Number (UEN) to IMDA and provide evidence of your usage.

Category 3 – Data Mining and Analytics ($5,000 payout)

You are eligible to receive the $5,000 payout if your enterprise is using a qualified solution for Data Mining and Analytics to obtain insights on how to improve your business operation at least once a month.

If so, request your solution provider to submit your Unique Entity Number (UEN) to IMDA and provide evidence of your usage.

When Will I Receive The Payout

Bonus payout will start from August 2020.

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


For further information head to the IMDA official website.

EPOS is one of Singapore’s leading POS System vendor that was recently recognise at the SMEs Partner Appreciation Evening.

We design POS system as technological solutions that address some of the most common issues faced by Singapore’s Retailer and F&B industry.

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