SINGAPORE — Travelling Singapore DBS customers now have the option of paying with their DBS PayLah! app by scanning a QR code with an overseas merchant.
Singapore bank DBS launched the service – believed to be the first of its kind by a local bank – with payment network UnionPay International and e-payment service provider NETS on Tuesday (21 June), at a time when more Singaporeans are heading overseas due to loosening pandemic restrictions.
The payment mode is available with 31 million brick-and-mortar retailers in 45 markets globally, including China, Malaysia, Japan, South Korea, Thailand, Taiwan, Vietnam, Macau, the Philippines, and Hong Kong.
The service means that DBS PayLah! users who travel across borders are able pay with the UnionPay QR code in two different ways through the DBS PayLah! app.
They can either scan the UnionPay QR Code via the scan function in the app, or generate a QR code by tapping on “My QR”, which the merchant can then scan. With the latter method, the user can then review payment details and confirm the transaction.
With this method, Singaporeans can opt for cashless payment overseas instead of handling a bundle of foreign currencies or queuing up at money changers, said UnionPay International South East Asia’s general manager Huiming Cai in a press release.
The app automatically handles details such as currency conversion. Using the service is free.
NETS group chief executive officer Lawrence Chan noted that QR payments have “accelerated” as a form of payment and that the joint service is a “safe and secure” means of payment outside Singapore.
DBS PayLah! currently has 2.2 million users who use the app to get rides, book tickets, order meals, or make payments.
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