In an effort to address supply chain challenges and provide faster funding for micro, small, and medium enterprises (MSMEs), Dropee, a homegrown business-to-business e-commerce specialist has partnered with Bank Simpanan Nasional (BSN) to launch the Digital Niaga programme.
Digital Niaga is a MSME commerce initiative designed to assist MSMEs navigate an increasingly complex marketplace in Malaysia, and also help them tap into the burgeoning internet economy in Malaysia, which is projected to contribute 22.6% to Malaysia’s gross domestic product (GDP).
A press release circulated today states that in this programme, BSN will collaborate with Dropee to identify MSMEs to participate in the Digital Niaga programme. Qualified MSMEs will then undergo training to implement digital and technological solutions in their business.
RM300 million worth of financing
The Digital Niaga programme will target around RM300 million worth of financing for MSMEs, while also providing bespoke solutions such as a revolving supply chain financing to address their business needs.
“BSN sees micro and small businesses as the backbone of the Malaysian economy. We are pleased to partner with Dropee, which is timely and coincides with our aim to drive digital transformation among MSMEs for enhanced operational efficiency and to gain a competitive advantage in today’s dynamic business landscape,” said Mujibburrahman Abd Rashid, Chief Business Officer of BSN.
Through the Digital Niaga programme, MSMEs will have a chance to be a part of Dropee’s e-commerce platform, which is the largest online B2B marketplace in Malaysia. This opportunity will also allow them to utilise plenty of digital tools to help them automate their everyday business operations.
Since its inception in 2017, Dropee is now one of the fastest growing B2B wholesale SaaS-enabled marketplace in Southeast Asia with a market presence in Malaysia, Singapore, and Indonesia. They have also played a pivotal role in the rise of more than 150,000 retailers and suppliers, including Yee Lee, Kawan Food and Dairy Champ.
If you want more information about the Digital Niaga programme, head over to their website right here.
