POSB launches “Support Our Heartlands” initiative, offering over two million cashback rewards, discounts to help consumers save more and support small businesses

Support Our Heartlands

(L-R) Sharon Tan, Chief Operating Officer, DBS Singapore; Han Kwee Juan, DBS Singapore Country Head; Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, Grassroots Adviser to Chua Chu Kang GRC GROs; and Jeremy Soo, Head of Consumer Banking, DBS Singapore; posing with the POSB mascot Smiley, at the POSB “Support Our Heartlands” event at Teck Whye Shopping Centre

Boosting consumer savings and stimulating growth of local small businesses

Every Saturday – Up to SGD 3 cashback for the first 75,000 people who scan to pay with PayLah! at over 22,000 participating heartland shops, wet markets and hawker stalls. Participating heartland shops and wet market stalls will display the ‘POSB Support Our Heartland Shops’ wobbler. Hawker stalls will display the PayLah! Scan to Pay sticker and have to be SGQR code-enabled.

Any day of each month – SGD 3 off eggs and SGD 3 off rice at any Sheng Siong supermarket for consumers who use POSB credit/debit cards to purchase the essential items, capped at the first 50,000 redemptions for each essential item per month.

DPM Gan making payment at a bakery using PayLah!. Every Saturday from 1 August 2024, POSB will offer up to SGD 3 cashback for the first 75,000 customers who scan to pay with PayLah! at over 22,000 participating heartland merchants.
Enhancing resilience and growth for neighbourhood businesses: Heartland Merchant Banking Package

A starter banking bundle with zero-cost setup for new merchants^[1], facilitating a seamless entry into banking services for new merchants. Under this bundle, new companies can set up a Multi-Currency Business Account with no initial deposit and no minimum balance.

Complimentary Select+ Insurance coverage against public injuries and property damage for up to one year.

Working Capital Loan with up to 50% off processing fees and flexible repayment schemes for unsecured loans to enable cashflow and help heartland merchants better capture business opportunities.

Access to SMEs Skills Booster training programmes to help merchants kick-start their digitalisation journeys and develop skills in sustainability, cyber wellness and business finance.

Six-months free subscription^[2] for NETS terminals, to encourage greater adoption of digital payments.

Empowering communities through digital and financial literacy programmes in the neighbourhoods

DPM Gan interacting with participants at the event. The POSB “Support Our Heartlands” initiative is aimed at helping consumers save more, and at the same time, support small businesses and revitalise the heartlands.

A parent and child engaging with an interactive ATM at the POSB x EYEYAH! pop-up exhibition, a collection of artist-designed ATM displays with educational animations to teach kids about financial literacy.^[1] SMEs with incorporation date of less than three years upon date of account application^[2] After the first 12 months
[END]About POSBwww.posb.com.sg