Three telcos and four banks have signed agreement with Singapore's communications and media regulator to support small and medium-sized enterprises' (SMEs) Go Digital programme.
Local telcos such as Mobile One (M1), Singtel and StarHub have partnered with the DBS Bank, Hong Leong Finance, Oversea-Chinese Banking Corp for the technology push.
"These partnerships will provide SMEs easier access to digitalisation technologies to expand their digital capabilities," Infocomm Media Development Authority said in a statement.
Telcos will provide local SMEs a one-stop service through digital technology-bundled packages while banks will give access to financial instruments such as bridging loans to help defray costs when investing in building new capabilities.
Launched in April 2017, the SMEs Go Digital programme helps advise SMEs on the adoption of digital technologies at each stage of their growth as well as to boost productivity.
At the end of July, nearly 200 SMEs have adopted over 30 out of the 56 IMDA's pre-approved digital solutions through the programme.