OneSME will serve as a digital hub to provide connectivity, secure transactions and an ecosystem of services for SMEs in both countries. Its focus on platform-to-platform connection will help ensure that trade is conducted between trusted communities that are owned, qualified and nurtured within each country, said Tan Bin Ru, chief executive officer for South-east Asia at OneConnect Financial Technology.
The platform's five main functions are to help SMEs trade across borders, expand, learn new skills, access financing and digitalise their businesses. The first three functions are already available, while the"finance" function will be available in Q4 this year and the"digitalise" function in the next phase of the project.
Jane Lim, assistant chief executive for sectoral transformation at IMDA, said digital platforms are important in enabling local SMEs to tap fast-growing overseas markets.
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