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DBS Bank targets 3.5m e-wallet users by 2023

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Published Wed, Sep 25, 2019 · 09:50 PM

    Singapore

    DBS Bank aims to more than double its mobile wallet users to 3.5 million by 2023 - up from its current user base of 1.6 million - by pivoting its growth strategy to tap key merchants' large customer base here.

    In pushing through more partnerships on the DBS PayLah! platform, the lender is boosting its e-wallet offerings at a time where these so-called "Super Apps" from tech companies are raising the stakes for incumbents in the financial sector.

    DBS

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