The Digital Resilience Bonus (DRB) was announced during the Fortitude Budget speech made by Deputy Prime Minister Heng Swee Keat in May 2020. The DRB provides additional support to enterprises seeking to uplift their digital capabilities to adapt to safe management practices after the circuit breaker period. As a pilot, the Bonus will be targeted at the Food Services and Retail sectors. More information on the Digital Resilience Bonus can be found here.

According to the Infocomm Media Development Authority (IMDA), enterprises incorporated in Singapore on or before 26 May 2020 in the food services and retail industries can receive DRB payouts of up to S$10,000, if they meet the eligibility criteria and requirements of the DRB which includes:

1. Adopting PayNow Corporate (UEN Proxy only) and InvoiceNow; and 
2. Adopting the digital solutions in each of the 3 required categories stipulated by the IMDA for the food services or retail industries (as applicable) and utilising each digital solution at least once a month.

The DRB payout for Category 1 (Business Process Solutions) and 2 (Digital Presence) is S$2,500 per enterprise per category, while the DRB payout for Category 3 (Data Mining and Analytics) is S$5,000 per enterprise. Eligible enterprises that fulfil the requirements of all categories will receive S$10,000.

For further information on the eligibility criteria and requirements for the DRB and details of the various categories can be found here.

According to the IMDA, before you are eligible for any of the 3 categories of DRB payouts, the mandatory baseline criteria that needs to be met includes the following, your UEN:

1. needs to fall under the Food Services or Retail sectors as at 26 May 2020:
   1. Generally, food services enterprises include restaurants, cafes, snack bars and food kiosks, bakeries, fast food outlets, food caterers, canteens, food courts, coffee shops and eating houses. For more details, you can refer to the SSIC codes provided by IMDA here.
   2. Generally, retail enterprises include those in footwear, bags, clothing, furniture, jewellery, watches, cosmetics, hardware, pet supplies, toys, books, handphones and computer hardware. For more details, you can refer to the SSIC codes provided by IMDA here.
2. must be incorporated in Singapore on or before 26 May 2020
3. must have an active PayNow Corporate (UEN proxy only)
4. must be registered on the Peppol E-invoicing network.
   You can refer to this link for more information on the Nationwide E-invoicing initiative

Yes, the DBS Resilience Package is available to DBS SME customers only who have a DBS business account.

If you do not have an existing DBS business account, you can open one with us digitally here, and enjoy 6 months account fee waiver, free Start Digital bundle and free 3-months Select+ 365 SME Insurance.

According to the IMDA, the first enterprises that adopt the pre-defined solutions will receive their first DRB payouts in August 2020. Those that adopt these solutions later will receive their DRB payouts in later months. IMDA will have a monthly cycle
of assessing enterprises’ eligibility for the DRB and making the DRB payouts. Processing time will take about 1 month, upon the submission of UENs by Providers of Qualified Solutions (or Supporting Banks) to IMDA. For DBS customers under the DBS Resilience
 Package, the payout will be via PayNow Corporate to your DBS Business Account.

In addition, you will need to ensure that your: 

1. PayNow Corporate is linked to your DBS business account and;
2. PayNow Corporate proxy is UEN only without any 3-digit alpha-numeric suffix behind

For more information on PayNow Corporate, please click here.

For more information on the eligibility criteria and other requirements of the DRB, please click here.

If your UEN is incorporated on and before 26 May 2020 and falls under the approved SSIC codes in the Food Services and Retail sector as stipulated by IMDA, please reach out to us by applying for the DBS Resilience Package using the application form here. A DBS representative will reach out to see how we can assist you in this respect.

The DBS Resilience Package has been structured to connect your business with various service providers offering digital solutions which fall within the categories of qualifying digital solutions for the DRB, as stipulated by the IMDA.

For more information on IMDA’s classification of the respective categories please click here.

For example, a food services business incorporated in Singapore on or before 26 May 2020 could qualify for the DRB by taking the steps shown below:

Step 1 - To meet the other mandatory baseline criteria and qualify for a DRB payout under Category 2 (Digital Presence):

1. Register for PayNow Corporate with your UEN and link it to your DBS business account. Click here to access a PayNow Corporate registration guidebook. 
2. Sign up for Financio or Xero through DBS Start Digital to be Peppol ready
3. Sign up with FirstCom to establish your digital online presence and have at least one transaction a month. 

Step 2: -To qualify for a DRB payout under Category 1 (Business Process Solutions):

1. Accounting: Utilise (at least once a month) either Financio or Xero; 
2. HR/Payroll: Sign up for Talenox and utilise Talenox (at least once a month); and  
3. Digital Ordering for Dine-in/Takeaway: Sign up for Oddle and utilise Oddle (at least once a month)

Further details on the eligibility criteria and requirements for receiving DRB payouts can be found here.

Take note that we are in the process of rolling out a retail edition of the DBS Resilience Package. This will be announced in the coming weeks.

DBS is working on the retail edition of the DBS Resilience Package. This will be announced in the coming weeks.

1. For Accounting & e-invoicing – Financio and Xero
2. HR and Payroll – Talenox 
3. Digital Presence for F&B sector – FirstCom
4. Digital Ordering (Dine-in/Takeaway) – Oddle 
5. E-commerce (for retail sector) – To be announced in the coming weeks
6. Inventory management (for retail sector) – To be announced in the coming weeks

We will be adding on more service providers, do check back for more updates.

Take note that we are in the process of rolling out a retail edition of the DBS Resilience Package. This will be announced in the coming weeks.

Please check with your respective service providers on how you can receive your DRB payout.

According to IMDA, all solutions must be adopted by 30 June 2021. 

Yes, you will be eligible for both the S$200 E-Invoicing Registration Grant and the respective DRB payouts provided that you fulfil the requirements for both the E-Invoicing Registration Grant and the respective DRB payouts.  

According to the IMDA, the S$200 e-invoicing grant provides businesses with a one-time payment of $200 per UEN, upon first registration to the E-Invoicing Network on or before 31 December 2020. This grant is applicable for businesses which are valid, active and registered in Singapore on or before 25 March 2020. More information on the E-Invoicing Registration Grant criteria can be found here.