Retail and F&B: Digital Resilience Bonus

In this period of crisis, COVID19 has exposed how vulnerable certain sectors are when it comes to their business process.

The situation have also highlighted how important it is to have an online presence and digitally upgrade.

The IMDA is set to introduce the Digital Resilience Bonus as a mean to encourage enterprises to digitalise their business.

As a start they have targeted the Retail and F&B sector due to their consumer heavy nature of their business.

How Does It Work?

By adopting digital solutions from pre-determined categories, Retail and F&B owners can receive bonus payout for the respective categories (See Below).

For example, a business who adopt baseline, Category 1 and Category 2 solution they will receive a total bonus of $5,000.

If a business adopt solutions across categories, they can receive up to $10,000.

Stay tuned to our blog to find out more details on qualifying conditions which will be announced at a later date!

Here at EPOS we aim to help companies transform the way they do business with our POS system.

Being a pre-approved vendor for the Productivity Solution Grant (PSG) our POS systems are automatically eligible for the grant. 

We work hand in hand with the government to assist SMEs in applying for PSG to help them invest in long term technological solutions that would change and improve their business model.  

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