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SINGAPORE (Oct 11): Over 2,000 retail tenants across 11 of Frasers Property’s malls including Northpoint City, Waterway Point, Causeway Point and Tiong Bahru Plaza will now have access to financial solutions and preferential rates from DBS Bank, under a new partnership between the two companies.AdvertisementAdvertisementIn addition to the SG60 Heartland Merchant Banking package, which provides financing support for small businesses, each merchant can also save up to $1,880 through waivers and cashback benefits.DBS Group Holdings and Frasers Property signed a memorandum of understanding (MOU) on July 30, to support tenants’ digital transformation by strengthening the adoption of digital payments and collections solutions that help streamline cash management processes.Furthermore, DBS and POSB cardholders can convert their rewards points into digital vouchers, including gift cards under Frasers Property’s retail rewards programme, Frasers Experience, and redeem them at participating retail tenants with NETS QR codes.The three-year partnership aims to strengthen the heartland economy and create social impact. DBS Foundation and Frasers Property have pledged to collaborate on initiatives to benefit seniors, persons with disabilities and the underprivileged.This includes bringing DBS Foundation programmes to Frasers Property’s malls, such as the Nutrition and Social Connection Programme, which aims to reach out to 6,000 vulnerable seniors across 12 ageing towns over two years and provide them with nutritious meals twice a week.In addition, Frasers Property’s Inclusion Champions programme equips employees and participating tenants with inclusivity training to better understand and support individuals with dementia and neurodivergent needs.Commenting on the partnership, Frasers Property Singapore CEO Soon Su Lin says the combined strengths of Frasers Property’s retail network and DBS’s financial expertise will create a “dynamic ecosystem” that empowers tenants, rewards shoppers and uplifts communities.She adds: “Together, we are shaping a more resilient, rewarding and inclusive retail landscape for all.”Meanwhile, Lim Him Chuan, DBS Singapore country head, says: “As Singapore commemorates its 60th birthday, we are pleased to leverage the collective strengths of DBS’s consumer and institutional banking franchise, as well as DBS Foundation, to uplift the lives of our communities and celebrate what makes our neighbourhoods truly unique.”