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DBS to partner Carousell to build startup's mobile wallet CarouPay

Integrated payment system within Carousell app will allow buyers to make payments without using third-party fund transfer platforms or meet-ups

Published Sun, May 27, 2018 · 09:50 PM
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Singapore

SINGAPORE'S largest bank, DBS, has emerged as more than just a financial investor in Carousell. DBS will work with the online classifieds startup to build and implement the latter's new mobile wallet, CarouPay, The Business Times has learnt.

This comes as DBS announced last week that it was a new investor in Carousell, having participated in the startup's US$85 million Series C funding round. DBS is also no stranger to mobile wallets - it launched its own such wallet, DBS PayLah!, in 2014.

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