If you run a retail shop in Singapore — whether fashion, electronics, groceries, or general merchandise — government grants can help you replace your cash register with an integrated POS system that handles sales, inventory, and customer data in real time.
Two grants matter most: PSG covers up to 50% of pre-approved POS and retail management software (capped at S$30,000), and EDG funds larger retail transformation projects like omnichannel expansion. This guide walks through which grant fits what, the pre-approved POS options, and how to apply.
Scenario
Who: Retail shop owner with 1-3 outlets
What: Upgrading from cash register to integrated POS with inventory
Grants: PSG (primary), EDG (conditional)
At a glance (what to apply for)
| Best Grant | What it covers | Why retail owners use it | |
|---|---|---|---|
| POS + inventory + payments | PSG | Pre-approved POS packages (vendor + package must be on the catalogue) | Faster checkout, real-time stock counts, integrated payment methods |
| Self-checkout solutions | PSG | Pre-approved self-checkout kiosks and software | Reduce queue times and labour costs during peak hours |
| Major retail transformation | EDG | Bigger projects (e.g., omnichannel integration, multi-outlet scaling, e-commerce buildout) | Best when PSG is too small for what you're changing |
What grants can retail shop owners apply for?
Primary Grant
- Productivity Solutions Grant (PSG) — up to 50% support, max S$30,000 for pre-approved POS, inventory, and retail management software
Conditional Grant
- Enterprise Development Grant (EDG) — supports larger business improvement projects (support level depends on your profile and project scope)
What Each Grant Covers
| Business Need | Recommended Grant | Examples |
|---|---|---|
| Point-of-sale system | PSG | EPOS Enhanced POS, SUNTOYO POS, AZ Digital POS |
| Inventory management | PSG | MuRho Inventory Management, LFSUITE, Fairmart POS |
| Self-checkout | PSG | EQuipPOS Self Checkout Solution |
| Omnichannel retail management | PSG | Eurostop Omni-Channel Retail Management System |
| Multi-outlet expansion / e-commerce | EDG | Store redesign, online-offline integration consulting |
PSG pre-approved software for retail POS and inventory
Integrated POS Systems
Nine pre-approved POS and retail systems are available:
- Integrated Retail Management Solution Version 1 (ELEOS) — S$900 to S$13,200 qualifying cost (subscription)
- MyRetailer Android Pos (DCS Synthesis) — S$1,000 to S$3,060 qualifying cost
- AZ DIGITAL POS SOLUTION (AZ Digital) — S$1,200 to S$11,800 qualifying cost
- SUNTOYO POS SOLUTION (Suntoyo Technology) — S$3,520 to S$8,020 qualifying cost
- Fairmart Point of Sale Version 1 (Fairmart Technologies) — S$3,700 to S$9,700 qualifying cost (subscription)
- San5pos/Point of Sales Version 35 (Sanfive Enterprises) — S$4,400 qualifying cost
- EPOS Enhanced POS Version 2.0 (EPOS) — S$4,600 to S$10,204 qualifying cost
- LFSUITE (LevelFive Solutions) — S$5,040 to S$11,080 qualifying cost
- Eurostop Omni-Channel Retail Management System Version 10 (Eurostop Singapore) — S$8,200 to S$14,800 qualifying cost
Other Retail Solutions
PSG also covers complementary retail tools:
- EQuipPOS Self Checkout Solution (Edgeworks Solutions) — S$4,400 to S$8,680 qualifying cost
- MuRho Inventory Management System (MuRho) — S$5,000 to S$6,000 qualifying cost
Example budget (what 50% support looks like)
| Solution | Qualifying cost (from catalogue) | Est. grant (50%) | Est. net cost |
|---|---|---|---|
| MyRetailer Android Pos | S$1,000 - S$3,060 | S$500 - S$1,530 | S$500 - S$1,530 |
| EPOS Enhanced POS Version 2.0 | S$4,600 - S$10,204 | S$2,300 - S$5,102 | S$2,300 - S$5,102 |
| Eurostop Omni-Channel Retail Management System Version 10 | S$8,200 - S$14,800 | S$4,100 - S$7,400 | S$4,100 - S$7,400 |
How to apply for retail POS grants (step by step)
- Identify what is slowing you down (1 week) — manual stock counts, slow checkout, no sales reporting, lost inventory, no customer data
- Decide POS scope (1 week) — single-terminal for one outlet vs. multi-terminal with centralised reporting for 2-3 outlets
- Shortlist a PSG package (1-2 weeks) — confirm the exact vendor + package is on the PSG catalogue under “POS and Retail Systems” or “Retail and Wholesale”
- Get 2-3 quotes (1-2 weeks) — ask for a clear breakdown: hardware (terminal, printer, scanner, cash drawer), software licence, setup, training
- Apply before paying (same week) — submit via Business Grants Portal; do not pay deposits or sign contracts that count as commitment
- Implement after Letter of Offer (4-8 weeks) — install hardware, migrate product catalogue, configure payment methods, train cashiers
- Use EDG only when needed — for bigger transformations (omnichannel integration, e-commerce buildout, multi-outlet scaling)
Expected Outcomes
- Faster checkout speed with barcode scanning and integrated payments
- Real-time inventory accuracy across all outlets
- Lower shrinkage from automated stock tracking and alerts
- Better purchasing decisions using sales-by-item and sales-by-period reports
- Improved customer retention through loyalty programmes and membership data
Retail grant eligibility requirements
For both primary grants, your business must:
- Be registered and operating in Singapore
- Have minimum 30% local shareholding
- Meet SME size limits (group annual sales ≤ S$100M or ≤200 employees)
- Not have made payment to vendors before application (for PSG/EDG)
Documents needed for retail grant applications
For PSG (POS software)
- ACRA BizFile / business profileNot completed
- Quotation from the PSG-listed vendor + packageNot completed
- Short write-up of how the POS system improves operationsNot completed
- Bank account details for claimsNot completed
For EDG (bigger projects)
- Project proposal (scope, timeline, outcomes)Not completed
- Vendor/consultant proposal (if engaging)Not completed
- Company financials (as required)Not completed
Common mistakes retail owners make when applying
-
Buying POS hardware before applying
-
PSG/EDG do not support retrospective applications; get quotes first, then submit via Business Grants Portal before making any payment or signing a binding contract
-
Ignoring hardware compatibility
-
Confirm that the POS software works with your existing receipt printer, barcode scanner, and cash drawer — or budget for new hardware as part of the package
-
Skipping staff training
-
A new POS system only saves time if cashiers know how to use it; untrained staff leads to workarounds, errors, and slow checkouts
Other PSG categories to consider
Retail businesses often also benefit from:
- Accounting and ERP solutions — automate invoicing, stock valuation, and financial reporting
- HR and HRMS solutions — manage part-time rosters, leave, and payroll
- Cybersecurity solutions — protect customer payment data and business systems
Next step
- Check eligibility and rules: /tools/psg-eligibility-check/
Frequently asked questions
Can retail shops use PSG for POS systems?
Yes. POS and retail systems have their own dedicated category in the PSG catalogue. There are 9 pre-approved POS solutions ranging from S$900 to S$14,800 in qualifying cost, covering everything from tablet-based systems for small shops to omnichannel setups for multi-outlet retailers.
How much grant funding can a retail shop get?
PSG covers up to 50% of qualifying costs, capped at S$30,000 per company per year (1 Apr - 31 Mar). For a basic Android POS, net costs can be as low as S$500 after grant. EDG provides additional funding for larger transformation projects.
What hardware is included in PSG-approved POS packages?
Most packages include the POS terminal, receipt printer, barcode scanner, and cash drawer. Some subscription-based solutions include hardware as part of the lease. Always confirm with the vendor exactly what hardware is included in the quoted qualifying cost.
Can I claim PSG for multiple outlets?
You can apply for a multi-outlet package if the vendor offers one — several solutions like Eurostop and LFSUITE support centralised reporting across locations. The S$30,000 annual cap applies per company, not per outlet.
Related Guides
- PSG POS and Retail Systems Solutions
- PSG Retail and Wholesale Solutions
- PSG-EDG Decision Matrix
- Getting Started Guide
- Corppass Setup Guide
- Grant Pitfalls Guide
- Singapore Grants Glossary
- Retail Mobile Commerce & Store Optimization — PSG + EDG for self-checkout and video analytics
- Retail Omnichannel & Global Marketplace — EDG for cross-border expansion and AI concierge