AsiaOne has launched EarthOne, a new section dedicated to environmental issues because we love the planet and we believe science. Find articles like this there. SINGAPORE - DBS Bank customers will be able to track their carbon footprint when a new calculator feature on the lender's digital banking app is rolled out by January. The calculator will be able.
SINGAPORE - More people are giving hongbao (red packets) to their loved ones through digital channels, with banks seeing a surge in e-hongbao adoption last weekend.
DBS Bank said more than 9,000 DBS eGift transactions were made over the first two days of Chinese New Year - last Friday and Saturday (Feb 12 and 13) - and this was a 108 per cent surge from the same period last year.
The total amount transacted also spiked 215 per cent to $595,000.
DBS also saw higher usage of its QR Gift cards, which are physical gift cards that substitute traditional red packets.
They allow users of the DBS PayLah! app to scan a QR code to load cash. Non-DBS customers can also receive the QR Gift as long as they have registered for PayNow.
Starting April this year, all DBS customers will be required to use a digital token to access their mobile and digital banking services, The Straits Times reported. This is because the bank is phasing out the use of physical tokens which it will stop issuing from Feb 1. Once they're no longer in use, customers can recycle their physical tokens.
DBS Will Stop Giving Out Physical Tokens, Online Banking Access To Go Fully Digital From 1 Apr
No more worries about misplacing the token.
DBS To Stop Issuing Physical Tokens On 1 Feb
Even before the Covid-19 pandemic and social distancing was a thing, Singapore banks were trending towards the digitalisation of their services.
An example is DBS Bank‘s rolling out of e-
ang paos in Jan 2019.
In keeping with this trend, DBS is now totally doing away with physical tokens for online banking, and will stop issuing them on 1 Feb.
Subsequently, from 1 Apr, customers won’t be able to use them to access any banking services, and only a digital token must be used.