Introduction

Running a business in Singapore is about more than just offering great products or tasty food — it’s also about being efficient. Whether you own a café, restaurant, or retail shop, having the right tools can give you an edge over your competitors. That’s where the Productivity Solutions Grant (PSG) steps in.  

The PSG is a government initiative aimed at helping SMEs embrace digital solutions by covering up to 50% of the costs. One of the most sought-after areas for PSG support is the Point of Sale (POS) System — a crucial component for daily operations in many food and beverage and retail businesses. 

 So, what does the PSG actually cover when it comes to POS systems, and how can you get started with your application? Let’s break it down. 

  What’s Covered Under PSG for POS?  

When you choose a PSG-approved POS system like Warely POS, you’re not just swapping out your cash register — you’re investing in a comprehensive business management tool. Here’s what’s included:

1.Hardware & Software Integration

 The grant covers both the POS software and the essential hardware (like terminals, printers, and cash drawers). 

2.Inventory Management 

Keep tabs on your stock in real time, set alerts for low inventory, and sync with your e-commerce platforms. 

3.Sales & Payment Processing

 Easily accept various payment methods — credit/debit cards, QR codes, e-wallets, and more — all seamlessly integrated into one system. 

4.Customer Relationship Tools

 Many PSG-approved POS systems come with CRM features such as loyalty programs, promotions, and customer insights.

5. Reporting & Analytics

 Receive detailed reports on sales, staff performance, and peak hours to help you make informed business decisions. 

6.Integration with Other Solutions 

POS systems can connect with other PSG-supported tools like Kitchen Display Systems, Self-Ordering Kiosks, and E-commerce Platforms. 

 Benefits of Getting a PSG-Approved POS  

Cost Savings: 

 Enjoy a subsidy of up to 50%, which significantly reduces your initial investment. 

 Efficiency: Automates your daily tasks, minimizes errors, and speeds up service delivery. 

 Scalability: Perfect for both single outlets and multi-branch businesses.  

Digital Transformation: Prepares your business for the future in a cashless, fast-paced world.  

 Step-by-Step: How to Apply for PSG Grant for POS Applying for the PSG grant is a breeze if you follow these simple steps:  

Step 1: Check Your Eligibility Make sure you’re a registered SME in Singapore. Have at least 30% local shareholding. Use the POS system within Singapore.  

Step 2: Choose a Pre-Approved Vendor Partner with a PSG pre-approved vendor like Warely to ensure your POS solution meets the requirements.  

Step 3: Request a Quotation Obtain an official quotation from the vendor that includes the PSG-approved package details.  

Step 4: Submit Your Application Log into the Business Grants Portal (BGP) using your CorpPass. Complete the PSG application form and attach the quotation.  

Step 5: Await Approval Typically, applications take about 4–6 weeks to process.  

Step 6: Claim Your Grant Once you’re approved and have implemented the system, submit the necessary invoices and proof of payment to claim up to 50% reimbursement.