For the first time, Western Union’s digital money transfer capabilities will be integrated with a mobile wallet in Singapore with Singtel Dash.
Western Union has partnered with Singtel Dash to enable international money transfers digitally for Dash’s customers in Singapore. A Memorandum of Understanding (“MOU”) was signed on October 14, 2021, between Western Union and SingCash Pte Ltd. (“SingCash”), representing Singtel Dash.
Dash is Singtel’s all-in-one mobile wallet, offering in-store as well as online payment solutions for customers. The integration with Western Union will enable cross-border money transfers, all native within the Dash app, offering enhanced convenience to Dash customers. After the definitive agreement is signed and integration completed, the service will be introduced in phases, enabling Dash customers in Singapore to seamlessly send money around the world, starting with India and eventually scaling up to the wide scope and reach of Western Union’s global financial payout network.
Singapore is a vital economic hub, bringing people together from across the Asia Pacific region and lifting them toward prosperity. International migrants working and living in Singapore represent a significant part of the population; this, coupled with the accelerated adoption of digital channels, provides significant potential to meet the evolving needs of these individuals as they support their loved ones back home.
Western Union’s strategy to open its platform and worldwide financial network to serve third-party companies has established it as a unique partner for global money movement, enabling organizations in telecommunications, technology, financial services and other sectors to enhance services for their customers. The Company offers a unique platform with a global scale and local market knowledge to enable international payouts into billions of bank accounts, including wallets and cards, across more than 125 countries and territories, with real-time capabilities in 100 of these countries. Additionally, it also offers payout in cash at approximately 600,000 retail locations in 200+ countries and territories.