Singapore – DBS is bolstering its suite of digital offerings this Chinese New Year (CNY) so customers can usher in the Year of the Ox joyfully and safely, amid Covid-19 measures. Comprising digital gifting alternatives like the DBS eGift and DBS QR Gift, and a line-up of interactive experiences including games and a virtual Chingay event, this assures customers can continue to keep long-standing festive CNY traditions alive even in the new normal.
Gift safely, conveniently and sustainably with DBS eGift and DBS QR Gift
Customers can beat the queues for CNY new notes and enjoy contactless, hassle-free gifting with digital alternatives such as the DBS QR Gift and DBS eGift. Hosted on DBS PayLah!, one of Singapore’s most popular mobile platforms with over 1.8 million users, these also serve as more environmentally friendly options as compared to cash.
The DBS QR Gift, which aims to replace cash while preserving the meaningful CNY tradition of exchanging physical red packets, has grown increasingly popular with customers since its introduction in 2019. The number of DBS QR Gift cards used during CNY in 2020 tripled from the previous year, with the amount of money loaded on them in the same period nearly doubling to SGD 2.8 million.
This CNY, DBS is introducing a new customisable expiry feature that allows customers to choose their preferred expiry date of up to eight weeks from the date of loading. DBS QR Gift cards not redeemed by this date will be refunded to the givers thereafter. This new and enhanced version of DBS QR Gift has a shelf life of up to three years.
To use a DBS QR Gift card, customers simply need to scan its QR code via DBS PayLah! to load their desired cash value, then gift it to a recipient for redemption via DBS PayLah! or PayNow. Teens below the age of 16 can also scan and receive DBS QR Gift cards directly by registering for their own DBS PayLah! wallets, which can be done with their parents’ authorisation via SingPass. Up to 10 DBS QR Gift cards with the same cash value, message, expiry date and animation can be loaded at once, providing greater convenience to time-strapped users.
This year’s DBS QR Gift cards come in packs of eight, with each pack featuring two designs: one specifically designed for CNY festivities, and a generic design suitable for all special occasions such as weddings and birthdays. DBS QR Gift cards can be collected for free at all DBS/POSB full-service branches and DBS Treasures Centres as of 11 January, and at POSB new notes pop-up ATMs starting 25 January.