Great business move by Singtel. Singtel introduces Dash Virtual Visa account into (Android with NFC) Dash app with Visa payWave feature. That means you can pay at any merchants that accept Visa payWave. However, there is one difference.
Like Dash account, you need to top-up the amount in your Dash wallet. So, before you can use your Virtual Visa Account, you need to top-up your Dash Account to the required amount. This is unlike Samsung Pay or payWave Visa Card where you can use “future” money. To have the Visa Virtual Account, you need to update your Dash app to Version 4.5.
To have the Visa Virtual Account, you need to update your Dash app to Version 4.5. If you have not, go to Google Play Store and manually update it.
In the Press Release, Singtel states that it plans for Dash to be included in Global wallets such as Apple Pay. Looking forward to this cashless initiative.
Singtel’s Dash adds Visa virtual account to mobile wallet Singapore’s only all-in-one mobile payments app now accepted at over 50,000 merchants points
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 Account1 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 millennials2.”
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 transfers3, 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 and transit transaction volumes more than doubling.
For more information, customers can visit www.dash.com.sg.
Singtel is Asia’s leading communications and ICT solutions group, providing a portfolio of services from next-generation communication, technology services to infotainment to both consumers and businesses. For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For businesses, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber-security capabilities. The Group has presence in Asia, Australia and Africa and reaches over 640 million mobile customers in 22 countries. Its infrastructure and technology services for businesses spans 21 countries, with more than 370 direct points of presence in 325 cities.
For more information, visit www.singtel.com
Follow us on Twitter at www.twitter.com/SingtelNews
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit, or set rates and fees for consumers. Visa’s innovations; however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit www.visa.com.sg
1Dash 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.