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Can fintech help SMEs' drive Singapore's productivity?

Small and medium-sized enterprises (SMEs) play a vital role in Singapore’s economy, forming 99 per cent of total enterprises, contributing 43 per cent of value-added and offering employment to 70 per cent of the workforce. For Singapore to achieve economic expansion of 2 to 3 per cent per year over the next decade, it is imperative to support enterprises, and in particular, SMEs, to boost productivity through digital technologies adoption. In this aspect, the financial sector, and in particula...
Swee Liang Economic Society Of Singapore Business School Asia Pacific Monetary Authority Of Singapore Singapore Management University Associate Professor
Source: smu.edu.sg

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