A new study by small business platform Xero shows that Singaporean small and medium-sized enterprises (SMEs) are more likely to commit to tech adoption compared to some of their global peers.

The “One step” study by Xero in partnership with behavioural science consultancy Decision Design surveyed 4,200 small business owners across six countries - Australia, New Zealand, the UK, the US, Canada and Singapore.

The survey found that Singapore has the highest proportion of tech adopters at 36%, compared to the other surveyed countries which ranged between 18% to 21%. Nine in 10 small businesses in Singapore feel confident about embracing new technology, while eight in 10 are excited about implementing digital solutions.

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