DBS (SGX:D05) signed a memorandum of agreement with Japan Financial Corporate (JFC) to support the expansion of small and medium-size enterprises in Japan, according to a company release on Wednesday.

Through the partnership, DBS will provide financial support to SME's for their expansion plans across major Asian markets.

The SMEs will be offered DBS's range of financial solutions including cross-border digital payments and trade financing.

JFC's letter of credit acting as a guarantee will allow for easy access to funds, according to the release.