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DBS grows digital footprint while embracing POSB heritage

It is in talks with large online retailers to offer mobile wallet PayLah as a payment option
Thursday, May 28, 2015 - 05:50

Mr Soo said DBS will now work to replace the cash circulating in the retail industry, by introducing PayLah (right) alongside payment processors such as PayPal


SINGAPORE's largest bank - which holds about half of the entire country's savings - is juggling its evolution into a digital lender without alienating existing customers and losing its POSB heritage that brought it cheap deposits.

DBS is trying to drive Singapore's

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