Singtel's Dash adds Visa virtual account to mobile wallet

Via Singtel

Jul 20, 2017

Singapore, 20 July 2017: Singtel is launching Singapore’s first virtual Visa account on its all-in-one mobile payments app, Dash. Starting tomorrow, new and existing Dash customers will automatically receive a Dash Visa Virtual Account (1) that can be used for mobile payments at over 50,000 merchant points across the island.

To start paying on their mobile, customers can just sign in on the Dash app and top-up their Dash Visa accounts and start using them at Dash merchants and on local e-commerce sites such as Qoo10, Zalora and HungryGoWhere. Customers with compatible NFC-enabled Android smartphones will also be able to pay using their Dash Visa accounts wherever Visa payWave is accepted, such as at popular merchants, Sheng Siong, Spinelli and Toastbox.

Mr Yuen Kuan Moon, Chief Executive Officer, Consumer Singapore, Singtel, said “Just one year on from re-launch, we are pleased to expand our payments universe with Visa. We are always seeking new ways to enhance Dash’s functionality and convenience to stay relevant to our customers’ changing lifestyle habits.”

Ms Ooi Huey Tyng, Visa Country Manager for Singapore & Brunei said, “Singaporeans are becoming more digitally engaged and smartphones have become an integral part of their lives. Based on research that we have conducted, 2 out of 3 Singaporeans have made a payment using their smartphones, and it is even more popular amongst millennials (2).”

Singtel also announced future plans for Dash to be included in global wallets such as Apple Pay, and enable QR code payments to expand into hawker centres. In addition to Nanyang Polytechnic, Ngee Ann Polytechnic and Singapore Polytechnic, Dash is also working towards adding more educational institutions to its merchant list to widen its reach in the youth segment.

Mr Yuen added, “Dash's goal is to deliver ubiquitous mobile payments for everyone in Singapore. With Dash Visa, customers can now enjoy paying with their mobile at more than 50,000 physical merchant points and also on e-commerce sites. We look forward to introducing more innovative enhancements that will add value to our customers' digital lives."

Dash is Singapore’s only all-in-one mobile payments solution that is available to everyone, regardless of telco relationship or device model. It is the only mobile payments app that offers fast, secure and real-time local and international money transfers (3), supports in-store and online retail payments, as well as transit payments. Customers can enjoy paying with Dash for their taxi, bus and train rides, and also at supermarkets, convenience stores and food courts.

Since its re-launch last year, Dash has boosted its customer base to over 500,000, with payments, remittance (4) and transit transaction volumes more than doubling.

(1) Dash Visa Virtual Account is a prepaid account. All new and existing Dash customers are eligible for a Dash Visa virtual account on Dash app v4.5. To activate Visa payWave payments, customers are required to set Dash as the default payment on their phone settings.

(2) SEA Consumer Payments Attitude Survey 2016 – Report for Singapore. Conducted by Toluna on 500 Singaporeans to gain insights and assess their attitudes towards cash and card usage, mobile banking, contactless payments, online shopping etc.

(3) Remittance services are offered by SingCash Pte Ltd

(4) Remittance services are offered by SingCash Pte Ltd

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