The move helps to close the “last-mile gap in Singapore’s e-payments journey,” said MAS managing director Ravi Menon.

China’s largest on-demand service platform has been one of the slowest tech giants to rebound from the impact of COVID-19, but the recovery is underway.

At the event, developers formed working groups to map out models for their ideas.

Ziroom now manages properties of nearly 500,000 owners in nine cities including Shenzhen and Shanghai, and rents to about 3 million tenants.

China’s grocery group-buying sector is gaining steam as the pandemic is boosting demand.

Grab’s rival Gojek introduced a similar feature in September.

All six companies are operating in the SaaS industry, which is expected to see significant growth in 2021.

Critics say that big companies are squeezing traditional small vendors.