DBS Bank launches its m-wallet app

Friday 30 May 2014 09:25 CET | News

Asian financial institution DBS Bank has launched its mobile wallet application, DBS PayLah!, which allows DBS and POSB customers to use their mobile phones to pay for purchases, send and receive funds outside of the Internet banking environment.

Customers are required to download the app, link their mobile numbers with existing DBS and POSB bank accounts, and top up the mobile wallet. During the top-up process, customers will need to have their mobile security tokens on hand for authentication.

The PayLah! app forms part of the mobile payment ecosystem being developed by the local bank, alongside its banking app and MobilePay, a point-of-sale mobile app that will allow merchants to accept payments on the go. MobilePay is currently a pilot.

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Keywords: DBS Bank, mobile wallet, app, mobile banking
Categories: Payments & Commerce
Countries: World
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