UOB and Mastercard have launched a new commercial credit card targeted at business executives from small and medium enterprises , both companies announced in a joint statement on Tuesday.
In addition, three in four SME senior executives surveyed said that they travel up to twice every quarter, spending an average of S$4,800 a month on business-related travel. Respondents also said they spent an average of S$2,300 per month on business entertainment, including golf sessions and meals with clients.Given these insights, the UOB Regal Business Metal Card was designed to offer"travel privileges typically not available with commercial credit cards", the companies said.
Added Deborah Heng, Mastercard's country manager, Singapore:"With SMEs making up the majority of registered businesses in Singapore, Mastercard is committed to supporting them with tailored solutions that benefit both the business owners and their businesses."
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