Smartphone users in Singapore will soon be able to pay for public transport via their portable device, after Singtel announced it was partnering with transit operators on its mobile money service, Dash.
Dash, which is a joint venture of Singtel and Standard Chartered Bank, is celebrating its first year since inception, with the two companies having taken the opportunity to introduce a host of new features for users.
The most notable addition is that of Dash Pay, a basic mobile wallet that enables users to pay businesses securely regardless of what telco or bank they are registered with.
The move is something of a sign of the times, with customers increasingly keen to make payments on the go, says Gan Siok Hoon, VP, mCommerce, Consumer Singapore, Singtel.
"Dash aims to fulfil the lifestyle needs and habits of the mobile internet generation and consumers who are used to accessing information anytime, anywhere," she explained.
Gan added that Dash has the largest mobile payment merchant network in Singapore, which looks set to only get bigger after confirming that public transport users will be able to pay for their fare using the mobile cash (mCash) account.
Meanwhile, Standard Chartered Bank stressed the importance of making digital platforms that are "intuitive and user friendly" for customers, and said it believes Dash Pay is a good example.
"This is an example of how we constantly innovate and enhance our products and services to bring better experiences and greater value to our customers," said Sandhya Devanathan, head of Retail Products at Standard Chartered Bank Singapore.
Dash Pay is available to all Singapore residents, with new customers being offered a S$5 Welcome Bonus as reward for signing up.