Wirecard, a Germany based payment technology company, has teamed up with Singtel to support the recent launch of Singapore’s first Visa-branded virtual card for Singtel’s mobile wallet Dash.
Touted to be the Singapore’s most widely accepted all-in-one digital wallet, Singtel Dash allows customers to shop, pay transport fares and remit money using their smartphone.
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After roll out of the Visa virtual account in July this year, Singtel Dash’s over 500,000 customers have been using their mobile phones to make payments in over 50,000 PayWave-enabled merchants across Singapore. They also use the payment platform to shop at Singapore-based e-commerce stores.
Wirecard executive vice president of global financial services Grigoriy Kuznetsov said: “We are very proud to be a partner for Singapore’s leading digital wallet.
“Singtel can now process mobile virtual Visa payments with Wirecard as a Bank Identification Number (BIN) sponsor. This further reinforces our position as a leading global prepaid issuer and BIN sponsor. It also demonstrates our state-of-the-art card processing capabilities.”
Singtel head of m-commerce of consumer Singapore Gilbert Chuah said: “Singtel Dash has gained more traction as a payment option of choice. With the adoption of Wirecard’s card processing solution, our customers can now make hassle-free mobile virtual Visa payments.”
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