The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between  technology group Wirecard and Singtel, reports Banking Technology‘s sister publication Paybefore.

Singtel Dash, a mobile payments platform that enables users to shop, pay transport fares and remit money, is currently Singapore’s most widely accepted “all-in-one” digital wallet, according to an announcement.

“Singtel can now process mobile virtual Visa payments with Wirecard as a bank identification number (BIN) sponsor,” says Grigoriy Kuznetsov, executive vice-president, global financial services at Wirecard.

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 more than 50,000 PayWave-enabled merchants across Singapore and to shop at Singapore-based e-commerce stores.

Transaction volumes for Singtel Dash have more than doubled in the past year and Singtel plans to expand the reach of the mobile platform to schools or even hawker centers, the companies say.


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