SME spending signals growing confidence among APAC Businesses: Instarem SME Spend Barometer

Quick Summary:

SMEs are turning to digital tools, AI, to address rising costs & improve efficiency

Malaysia & Australia drive IT investments, with F&B, IT & software services seeing biggest gains Instarem, part of Nium, Southeast Asia’s payments unicorn, launched its 2024 SME Spend Barometer, revealing insights into the spending behaviours of small and medium-sized enterprises (SMEs) in Singapore, Australia and Malaysia. 

Based on data from a sample of 700 SMEs and several qualitative interviews with customers, Instarem’s inaugural SME Spend Barometer report analysed spending patterns from January 2023 to August 2024, highlighting how SMEs are strategically investing in technology, infrastructure, and talent to adapt to an evolving economic landscape.

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Article Details

Author / Journalist: Gerry Wong

Category: EconomyStartupsBusiness

Markets: MalaysiaAustraliaPhilippinesSingaporeVietnam

Topics: Spending Services Investments Costs Growth Talent 2024 Smes Payments Businesses Australia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 06:55:22 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 714 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Digital News Asia

News ID: 23914503

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About Digital News Asia

Main Topics: EconomyStartupsBusiness

Official Website: digitalnewsasia.com

Update Frequency: 3 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 14 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #18

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