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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Singapore Telecommunications Limited    Z77   SG1T75931496

SINGAPORE TELECOMMUNICATIONS LIMITED

(Z77)
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Singapore Telecommunications : Singtel launches SG QR code payments on Singtel Dash

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11/20/2017 | 07:16am EDT

Singapore, 20 November, 2017 - Singtel has launched Singapore Quick Response Code (SG QR) payments on its all-in-one mobile payments app, Singtel Dash. This move to introduce the QR specification endorsed by the Payments Council is in support of Singapore's Smart Nation drive to adopt digital payments.

Singtel Dash customers can now pay using the SG QR code at Singtel canteens across Singapore as well as Nanyang Technological University, Ngee Ann Polytechnic and Nanyang Polytechnic. By the first quarter of 2018, customers will be able to use this payment option at more than 1,000 merchants and hawker centres.

Mr Yuen Kuan Moon, Chief Executive Officer, Consumer Singapore, Singtel, said, 'We are pleased to offer more payment options on Singtel Dash. To support the government's goal of transforming Singapore into a cashless society, we will continue to enhance Singtel Dash's features to deliver a ubiquitous mobile payments wallet for everyone.'

From today, Singtel Dash customers can simply update their app and scan the SG QR code at participating merchants to make payments. The function is available on both iOS and Android smartphones.

Mr Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore (MAS), said: 'MAS is heartened to see Singtel step up to take the lead in adopting SG QR, and expects greater proliferation of SG QR by the industry in the coming months.'

Singtel also announced that Singtel Dash customers can now easily transfer money via their Singtel Dash wallet to any mobile number or into their local bank account. This increased flexibility will allow them to use their Singtel Dash app to perform a variety of transactions from transferring balances, paying friends or giving allowances to their children.

Singtel Dash is available to all consumers, regardless of telco relationship or handsets. It is Singapore's only mobile payments app that offers fast, secure and real-time local and international money transfers, supports in-store and online retail payments. Customers can also use Dash for their taxi, bus and train rides, and also at supermarkets, convenience stores and food courts.

Since its relaunch in 2016, Singtel has enhanced Singtel Dash through the expansion of its remittance corridors and launch of Singapore's first virtual Visa account.

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SingTel - Singapore Telecommunications Limited published this content on 20 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 November 2017 12:15:04 UTC.

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