According to SGSME, thanks to the partnership, processing fees for participating social entrepreneurs for a select period will be waived. Besides, SMEs will also be spotlighted on PayPal's website, increasing the reach of these organisations to Singaporean consumers who shop with PayPal.
Furthermore, an online workshop aimed at enabling small merchants and social enterprises to expand their reach will be held. The workshop will aim to empower entrepreneurs with skill sets that allow them to pivot their business models for success in the new digital economy. PayPal will also encourage their global employees to shop from small merchants, including participating social entrepreneurs based in Singapore that sell internationally.
Previously, PayPal had introduced the SME Business Challenge, which helped SMEs digitalise their journeys, and involved PayPal experts and partners working closely together with business owners to co-develop customised solutions to specific business problems, SGSME reported.
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