Digital Resilience Bonus

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    Go digital and receive Digital Resilience Bonus payouts of up to S$10,000

To help businesses become more resilient and adapt to new post-COVID norms, the government launched the Digital Resilience Bonus (DRB) as part of the Fortitude Budget.

The Food Services and Retail sectors, which were more affected by safe distancing requirements, will be the first to qualify for the DRB.

As a supporting bank of this initiative, UOB can help you implement the baseline requirements of PayNow Corporate and e-invoicing, and unlock bonus payouts when you adopt digital solutions by UOB or our partners for your business, fulfilling the eligibility criteria set out by Infocomm Media Development Authority (IMDA)

How It Works

From 1 June 2020 to 30 June 2021, businesses that adopt and use the qualifying solutions within the pre-defined categories, on top of the baseline pre-requisite solutions, will receive the bonus payout for that category. Bonuses will be paid out from August 2020 onwards.

Step 1: Sign up for the pre-requisite solutions (UOB PayNow Corporate and Peppol e-invoicing)

Step 2: Take up qualified UOB digital solutions and partner digital solutions within various categories and use the solution(s)

Step 3: Providers of qualified solutions will send your UEN and usage information to IMDA (Note: you will need to have used the solution(s) to make at least 1 transaction in the month of submission)

Step 4: Receive bonus via PayNow Corporate from August 2020 onwards

 

  Digital solutions to be used in addition to PayNow Corporate and Nationwide e-Invoicing Network
F&B Retail
Category 1 ($2,500) All 3 solutions: Accounting, HR/Payroll and Digital Ordering (Dine-in/Takeaway) All 3 solutions: Accounting, HR/Payroll and Inventory Management
Category 2 ($2,500) Online Food Delivery (via food delivery platforms or own online shopfront) or e-Procurement e-Commerce
Category 3 ($5,000) Data mining and analytics

 
Data mining and analytics

Qualifying UOB Solutions

UOB has digital solutions and partnership arrangements with digital solution providers that  can help your business adapt and thrive in the new normal - where consumers are shopping online, ordering food delivery, working from home and interacting virtually.

PayNow Corporate and Peppol e-invoicing

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Accounting and HR/Payroll solutions

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Digital ordering for dining in and takeaways

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Get paid more quickly and increase cashless and paperless transactions to minimise physical interactions between buyers and suppliers.

 

PayNow Corporate

By linking your UOB SGD Corporate Account to your Unique Entity Number (UEN), you can receive monies almost instantly when your sender makes a payment to the UEN, or scans your Quick Response (QR) code.

 

UOB customers will enjoy up to 50 free outgoing PayNow FAST transactions per month via BIBPlus from 1 August 2020 to 31 January 2021. Terms and conditions apply.

 

Peppol e-invoicing

The Pan-European Public Procurement On-Line (Peppol) is an e-invoicing standard that enables a standardised way of issuing and receiving e-invoices between businesses, resulting in faster and more efficient invoice processing, validation and payment times. UOB can refer you to a suitable Access Point (AP) provider whom we have partnership arrangements with.

 

UOB customers can defray up to 70% of setup cost with SMEs Go Digital Programme.

 

Streamline your accounting and HR processes to increase overall efficiency and stay on top of your business cash flow.

 

UOB BizSmart is a suite of cloud-based business management solutions that integrates your core business processes and corporate account on a single platform. With real-time posting of invoices, receipts and bank account feeds to keep your accounting records up to date, you can gain better visibility of your business cash flow and make faster decisions. The solution’s HR feature can also help you manage your staff records, payroll, leave, claims, and attendance in real-time. With facial recognition software and GPS tracking, the solution helps you to track employees’ time and attendance even when they are working from home, and integrate the data automatically for payroll calculations.

 

UOB customers can defray up to 70% of setup cost with SMEs Go Digital Programme.

 

Bring your patrons greater convenience by allowing them to place their own orders and make payments digitally. Improve efficiency and accuracy of order taking by sending your patrons’ orders to the kitchen immediately for food preparation.

 

Getz (PayNow)

Getz is a complete F&B management solution that enables you to easily set up your online and in-store contactless ordering service. The full-fledged solution also allows you to manage everything from in-store and online orders to payments, pickups and deliveries, on a single iPad.

 

UOB customers can enjoy low fees of 4% on online take-away/delivery sales and up to 9 months free trial with no setup or licensing fees. You can also defray up to 80% of the setup costs under the SMEs Go Digital Programme.

 

Inventory management

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e-Commerce, e-Procurement and food delivery platforms

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Data mining and analytics

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Eradicate manual stock-taking, overstocking, and understocking when you enable automatic synchronisation between your inventory movements and your orders, sales and deliveries.

 

Expand your market reach beyond your physical shopfront and increase business engagement with your customers 24x7.

 

Synagie

Synagie offers easy-to-use, end-to-end e-commerce solutions to help SMEs expand into e-commerce and to manage multiple online sales channels more effectively for business growth.

 

Sign up for the Synagie Multichannel eCommerce Platform (MEP) package at a special price of S$2,000 (normally S$20,000), with 90% support from Enterprise Singapore. Valid for sign-ups from now till 30 September 2020.

 

Shopmatic

Shopmatic is an e-commerce platform that offers easy-to-use web templates and a user-friendly interface, so that you can showcase your products and services online in no time. The solution also helps to manage your online orders, inventory and payments easily on one single platform.

 

UOB customers can enjoy 30% off Shopmatic subscription plans and defray up to 80% of the setup cost under the SMEs Go Digital Programme.

 

EzyProcure

Simplify your purchasing process with EzyProcure, an e-procurement platform that connects buyers with suppliers. As a buyer, you can also maximise your business cash flow by obtaining extended credit terms using consolidated purchase data.

 

UOB customers can enjoy a full waiver of subscription fees for the first 6 months.

 

Optimise business outcomes (e.g. maximise conversion, optimise product mix, reduce wastage) through analysing consolidated data from multiple sources in an insightful way.

FAQs

Please fill in the callback form and we will get back to you within 3 working days.

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.

Payouts to qualified businesses will start from August 2020. Processing time will take about 1 month, upon the submission of UENs by Providers of Qualified Solutions to IMDA.

No, all three digital solutions need to be adopted by the business to qualify for the Category 1 bonus.

Yes, the DRB payout is determined based on use of the qualifying solution at least once a month between 1 June 2020 and 30 June 2021. Refer to the IMDA website for full qualifying criteria.

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Got a question?

For more information, please email DRBonus@uobgroup.com and we will get back to you within 3 working days.

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To apply for UOB's digital solutions, please leave your contact details in our callback form.
 

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