Wirecard teams with Singtel for virtual Visa card
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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.
Questions & Answers
Q.What is the primary function of Singtel Dash, according to the article?
What is the primary function of Singtel Dash, according to the article?
Singtel Dash is an all-in-one digital wallet. It allows customers to shop, pay transport fares, and remit money. This makes it a comprehensive platform for various financial transactions within Singapore.
Q.How many customers are currently using Singtel Dash and what payment method has recently been introduced?
How many customers are currently using Singtel Dash and what payment method has recently been introduced?
Singtel Dash currently has 500,000 customers. Last month, Singapore's first Visa virtual card was deployed for the wallet, enabling new payment functionalities for its user base.
Q.What specific role does Wirecard play in Singtel Dash's new payment capability?
What specific role does Wirecard play in Singtel Dash's new payment capability?
Wirecard acts as a Bank Identification Number (BIN) sponsor for Singtel. This allows Singtel to process mobile virtual Visa payments, reinforcing Wirecard's position as a prepaid issuer and BIN sponsor.
Q.Where can Singtel Dash users make payments using the new Visa virtual account?
Where can Singtel Dash users make payments using the new Visa virtual account?
Customers can use their mobile phones to make payments in over 50,000 PayWave-enabled merchants across Singapore. They can also use the platform to shop at Singapore-based e-commerce stores.
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