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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

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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