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Most Singapore SMEs tapped on government Covid-19 support, more than global counterparts: Xero

Felicia Tan
Felicia Tan10/15/2020 4:27 PM GMT+08  • 3 min read
Most Singapore SMEs tapped on government Covid-19 support, more than global counterparts: Xero
The study also found that local SMEs were more likely to leverage on digital customer insights than their global counterparts.
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About 92% of Singaporean small medium-sized enterprises (SMEs) relied on the government’s Covid-19 support. This was the highest rate across its counterparts in Australia, New Zealand, North America and the UK, according to a study commissioned by Xero, the global small business platform.

The study also found that Singaporean SMEs were more likely to leverage on digital customer insights (24%) compared to their global counterparts (18%).

See also: Singapore, Germany sign MOU to speed up SMEs' industrial and digital transformation

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