Singtel's Dash expands payment capabilities to international frontiers with Visa & Apple Pay

Singtel's Dash expands payment capabilities to international frontiers with Visa & Apple Pay

By: 
Michelle Zhu
10/12/18, 04:34 pm

SINGAPORE (Dec 10): Singtel’s all-in-one mobile payments app, Dash, has expanded its payment capabilities to include international mobile payments via Apple Pay.

This means Apple device users may also use Dash as a payment method on Apple Pay, making it the first non-bank mobile wallet in Singapore on Apple’s secure and private payments system.

Main image, photo courtesy of Singtel: Using Dash for Visa Contactless Payments

Further, Dash customers are now able to use their Visa Virtual Account on the Dash app at online retailers worldwide and merchant points that accept Visa contactless payments.

Previously, NFC payments were only available via Dash’s Visa Virtual Account on Android smartphones, for purchases made only in Singapore.

The Visa Virtual Account was first introduced last year after the mobile payments app was re-launched in May 2016 to allow its users to make payments while overseas.  

In a Monday announcement, Singtel says the latest development means that Dash customers can now shop at their favourite online stores and apps; subscribe to digital content; as well as tap and pay in-store using any NFC-enabled smartphone or Apple device at participating Visa and Apple Pay merchants worldwide – all without the need to use an actual debit or credit card.

To start using the integrated payment service, customers may sign in on the Dash app and top up their Dash Visa accounts. The app has a cap on mobile wallet expenditures to reduce the risk of exposing bask accounts or credit limits to fraud, and allows customers to track their expenses through in-app notifications each time a transaction is made.

“This is a game changer for the mobile wallet scene in Singapore especially with the rising popularity of travel and online shopping among Singaporeans. Everyone can simply download Dash regardless of their telco, and enjoy shopping online and in-store at millions of merchants globally,” says Gilbert Chuah, head of mCommerce, International Group at Singtel.

As at 4.32pm, shares in Singtel are trading flat at $3.08.

Mapletree Logistics Trust posts 5.0% increase in 3Q DPU to 2.002 cents

SINGAPORE (Jan 21): The manager of Mapletree Logistics Trust (MLT) recorded a 5.0% increase in its 3Q18/19 DPU to 2.002 cents, compared to 1.907 cents in 3Q17/18. This brings 9M18/19 DPU to 5.917 cents, 4.2% higher than 5.681 cents in 9M17/18. The trust posted gross revenue of $120.8 million in 3Q18/19, 23.0% higher than $98.2 million a year ago, mainly attributed to higher revenue from existing properties, contribution from the completed redevelopment of Mapletree Ouluo Logistics Park Phase 1 in 2Q FY18/19, acquisitions in Hong Kong completed in FY17/18 and acquisitions in Singapore, Au....
Read More >>

Keppel REIT posts 4.9% lower 4Q DPU of 1.36 cents

SINGAPORE (Jan 21): The manager of Keppel REIT has declared a 4Q18 distribution per unit (DPU) of 1.36 cents, representing a 4.9% decline from its quarterly DPU of 1.43 cents a year ago. This brings the trust’s FY18 DPU to 5.56 cents, down 2.5% from its DPU of 5.7 cents in FY17. Property income for the latest quarter under review fell 14.8% to $37.8 million from $44.4 million previously due to lower income contributions from Ocean Financial Centre, 275 George Street and 8 Exhibition Street. Share of results of associates and joint ventures declined 14.7% and 7.7%, respectively, to $....
Read More >>

Soildbuild REIT posts 4.9% increase in 4Q DPU to 1.451 cents

SINGAPORE (Jan 21): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared distribution per unit (DPU) of 1.451 cents for the 4Q18 ended December, some 4.9% higher than DPU of 1.383 cents a year ago. This brings total DPU for FY18 to 5.284 cents, some 7.5% lower than total DPU of 5.712 cents a year ago. Gross revenue grew 24.3% to $25.8 million in 4Q18, from $20.7 million a year ago. This was mainly due to the liquidation proceeds received from Technics Offshore Engineering, conversion of Solaris into a multi-tenanted property, and the maiden contribution from two ....
Read More >>