Under a memorandum of understanding (MOU) signed on July 30, DBS Group Holdings and Frasers Property will also support tenants’ digital transformation by strengthening the adoption of digital payments and collections solutions that help streamline cash management processes.
Over 2,000 retail tenants across 11 of Frasers Property’s malls like Northpoint City, Waterway Point, Causeway Point and Tiong Bahru Plaza will enjoy financial solutions and preferential rates from DBS Bank under a new partnership between the two companies.
This is in addition to DBS’s SG60 Heartland Merchant Banking package, which provides financing support for small businesses. Each merchant can save up to $1,880 through waivers and cashback benefits.
