Details matter in retail. From brick-and-mortar stores and online retailers to consumer and maintenance services, this fast-changing industry spans many types of businesses and demands speed and adaptability. By standing still, you lose ground to aggressive competitors, who may have adapted to changes in consumer demands.
New technology, evolving consumer preferences and worldwide competition from e-commerce and omnichannel retailers are shaking up the industry. Despite these challenges, they also create significant opportunities for savvy retailers to adopt fresh experiential concepts and transform their core retail and digital capabilities. To help businesses navigate and thrive in the omnichannel space, we offer solutions specific to your retail expertise and needs, such as easy-to-use e-commerce platforms and marketing tools.
At the same time, we understand the challenges you face from the ground up — be it rising rental costs, staffing challenges or competitive online marketing spaces. Leveraging our deep industry insights, we can help retailers like you transform retail concepts and embrace the latest technology to get ahead of the competition.
Enjoy preferential pricing when you collect payments from customers using an OCBC card terminal. OCBC card terminals accept the following international payment schemes: VISA, MasterCard, UnionPay, JCB, Alipay+ QR and WeChat Pay QR via physical cards and mobile payments, as well as PayNow QR — all on one terminal.
Moreover, our dedicated support specialist will guide you with your setup.
Subject to terms and conditions, and signing of a Merchant Agreement.
Enjoy preferential pricing when you collect payments from customers using an OCBC card terminal. OCBC card terminals accept the following international payment schemes: VISA, MasterCard, UnionPay, JCB, Alipay+ QR and WeChat Pay QR via physical cards and mobile payments, as well as PayNow QR — all on one terminal.
Moreover, our dedicated support specialist will guide you with your setup.
Subject to terms and conditions, and signing of a Merchant Agreement.
Collect digitally from your customers via local and international QR payment modes from PayNow, ShopeePay, UnionPay and WeChat Pay. Simply register and download the OneCollect app to start collecting payments. You can also save on merchant commission and avoid the hassle of setting up or renting a point-of-sale equipment.
Collect digitally from your customers via local and international QR payment modes from PayNow, ShopeePay, UnionPay and WeChat Pay. Simply register and download the OneCollect app to start collecting payments. You can also save on merchant commission and avoid the hassle of setting up or renting a point-of-sale equipment.
With the OCBC Business Deposit Card, you can deposit your cash collections conveniently at ATMs and avoid long branch queues.
With the OCBC Business Deposit Card, you can deposit your cash collections conveniently at ATMs and avoid long branch queues.
Make instant payments to your suppliers with FAST and PayNow Corporate. Credit your employees’ salaries promptly online via GIRO payroll to save time.
Make instant payments to your suppliers with FAST and PayNow Corporate. Credit your employees’ salaries promptly online via GIRO payroll to save time.
Reduce operating costs with a standard fee of S$30 for outward telegraphic transfers. Besides having end-to-end visibility on your payment status with SWIFT gpi, you can also access foreign exchange rates in real-time and secure your preferred rate via FX Online.
Reduce operating costs with a standard fee of S$30 for outward telegraphic transfers. Besides having end-to-end visibility on your payment status with SWIFT gpi, you can also access foreign exchange rates in real-time and secure your preferred rate via FX Online.
Have greater control and visibility over your procurement expenses to your suppliers. The OCBC Virtual Purchasing Card makes it happen all on one platform – issue multiple virtual cards, manage how they can be used and track transactions made.
Have greater control and visibility over your procurement expenses to your suppliers. The OCBC Virtual Purchasing Card makes it happen all on one platform – issue multiple virtual cards, manage how they can be used and track transactions made.
Get access to working capital and seize the right opportunities at the right time. Manage your cash flow quickly and effectively so you can support rapid business growth, navigate cash shortfalls, and prepare your business for the unexpected.
Free up cash flow by taking up a rental bond and save on hefty security deposits for landlords.
†Underwritten by Great Eastern General Insurance Limited (subsidiary of OCBC Group).
Minimise damages or losses caused by unforeseen circumstances with our General Commercial Insurance. This insurance covers fire damages, public liability, burglary, loss of money and work injury compensation for your employees.
Losing key person(s) can severely disrupt operations and impact your bottom line. Our Corporate Life Insurance will insure against losing your core talent by providing a lump sum payout with adequate liquidity to keep your business running smoothly.
With our expertise in working with a broad spectrum of retailers, we can help your business thrive in this dynamic and competitive space.
We offer customised advisory services for mergers and acquisitions, as well as regional expansion in a post-pandemic world.
Take advantage of our network to get the right financing and advice to grow your business – today, tomorrow and beyond.
Beyond helping the environment, adopting green practices can help your retail business be more efficient and transparent, and gain credibility from customers and investors.
Consider investing in green solutions such as energy-efficient store lighting or environmentally-friendly packaging.
Regardless of your business' retail sector, our innovative sustainable business solutions can offer a competitive edge.
We support retail businesses like yours at every step of the way. Watch how they start and grow their businesses and get recognised though our Emerging Enterprise Award.
Crown Coffee Pte Ltd
Crown Coffee is a contactless dining concept which allows customers to order coffee through an app and collect them through pigeonholes.
Dreamcore Private Limited
Dreamcore aims to revolutionise the custom PC market by providing good quality products and guiding customers through the purchase process.
Mr Popiah Pte Ltd
Mr Popiah is run by a second-generation business owner who aims to bring local snacks to the global stage.
No matter the size or stage of your business, we are here for you.
If you are a first-time business owner, join us as an OCBC Business Banking customer by opening a business account. Or contact our digital specialist to help you get started on the right foot and digitalise your business.
Open a business account
Contact digital specialist
Whether you are expanding your range of services or your footprint, we offer industry insights and solutions to help you grow and scale. Contact us and our Relationship Manager will be in touch.
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The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs across industry value chains, including retail.
Similar to the previous quarter, the Retail sector contracted slightly at 49.7 with a 7.2% on-year decline in collections.
*OCBC SME Index is centred on a score of 50, which represents zero change in the inputs from a year ago. A reading above 50 indicates improved activity, while a reading below 50 indicates a deterioration relative to the same period a year ago.
