This is an incentive by the SG Digital Office to help our hawkers safely operate in the post-COVID future as well as to help stallholders reduce physical contact with their customers during the current pandemic. Thus this scheme encourages the adoption of the SGQR, unified e-payment solution.

Enterprise Singapore (“ESG”) and the Infocomm Media Development Authority (“IMDA”) are partnering with the Housing and Development Board (“HDB”), JTC Corporation (“JTC”) and National Environment Agency (“NEA”) to accelerate the roll-out of the Unified e-Payment Solution nationwide in HDB coffee shops, NEA hawker centres and JTC industrial canteens.

This scheme will see stallholders adopt a contactless payment option by adopting a unique SGQR label at their stall. This SGQR will allow stallholders to receive payments through 19 different payment schemes, including DBS PayLah!, GrabPay and Singtel Dash.

To encourage the adoption, there will be financial incentives for stallholders who are existing Unified e-Payment Solution under and new sign-ups.

– New and existing users will receive an E-Payment Bonus of up to $1,500 ($300 per month over 5 months) who have demonstrated a sustained use of the e-payment solution
– The E-Payment Bonus will be paid when the stallholder has completed at least 20 transactions of at least $1 each in the previous months. The qualifying months are June 2020 till May 2021

 

To sign up:

Starting from June 2020, the SG Digital Office will be deploying a team of Digital Ambassadors to encourage stallholders in over 100 NEA hawker centres and markets, HDB coffee shops and JTC industrial canteens to adopt SGQR codes for e-payment. Keep a lookout for our Digital Ambassadors!

Step 1. Talk to your friendly SG Digital Digital Ambassador
Step 2. Sign up with your NRIC, Current NEA or SFA License and Bank statement
Step 3. Get your E-payment Bonus with 20 or more transactions a month

The Government will cover transaction fees (i.e. merchant discount rate payable by merchants) until 31 December 2023. (The initiative, provides a single, interoperable system for stallholders. Under the initiative, a merchant discount rate (MDR) of 0.5% for monthly payment transactions was agreed upon. The Government provides funding support over three years, bringing down the MDR to 0%. Consumers can choose to pay using any of the 19 schemes available.)

For more information, please contact us at [email protected] or call 6377 3800.

 

When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.

Yours Sincerely,
The editorial team at Singapore Secretary Services