More SMEs using digital payment: DBS

Singapore

IT has been four months since DBS Max - a mobile-based QR payment collection solution - was rolled out in Singapore, and the local bank has seen more small and medium-sized enterprises (SMEs) use digital transactions to collect money from their customers.

DBS has seen a 70 per cent rise in digital transactions from its SME customers, and a 25 per cent increase in transaction value since the launch of DBS Max.