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DBS reaping success of cashless drive

Bank sees sustained fall in ATM cash transactions and expects big boost for mobile wallet volume

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The cashless drive by DBS is bearing fruit. Singapore's largest bank and biggest card issuer has seen a sustained decline in ATM cash transactions over the past one year and is now also expecting a five-time boost for its mobile wallet volume over two years.

Singapore

THE cashless drive by DBS is bearing fruit. Singapore's largest bank and biggest card issuer has seen a sustained decline in ATM cash transactions over the past one year and is now also expecting a five-time boost for its mobile wallet volume over two years.

Even as its...

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