Wirecard teams with Singtel for virtual Visa card

Wirecard has teamed up with Singtel to support the recent deployment of Singapore’s first Visa virtual card for Singtel’s mobile wallet Dash.

Singtel Dash is an all-in-one digital wallet that allows customers to shop, pay transport fares and remit money.

Since the launch of the Visa virtual account last month, Singtel Dash’s 500,000 customers have been using their mobile phones to make payments in over 50,000 PayWave-enabled merchants across Singapore and use the payment platform to shop at Singapore-based e-commerce stores.

“We are very proud to be a partner for Singapore’s leading digital wallet,” Wirecard EVP of global financial services Grigoriy Kuznetsov said.

“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 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,” Singtel head of mCommerce consumer Singapore Gilbert Chuah said.