More and more banks are releasing their Mobile Money services to market. This article is to review them one by one.
Dash: from SingTel + Standard Chartered
Promotion: S$5 welcome bonus
- You will receive S$5 instantly into your mCash account
How it works
- You need to apply to get a mCash account from SingTel and a linked Dash Easy Savings Account from Standard Chartered
- You could use mCash to either Pay Friends (using Mobile number) or Pay Business (i.e. Shopping) via Dash App.
- You could either top-up your mCash account or save mCash money using your Dash Easy Savings account
Who can Apply
- You need to be a Singapore Citizen, Singapore Permanent Resident, or Foreigner with an Employment Pass, and aged 18 years and up
- You need to have a Singapore registered mobile number
DBS PayLah!
Promotion: Free S$5 for first 500 downloand and register daily.
- Valid from 1 June 2014 to 31 July 2014
- You will receive S$5 instantly into your PayLah! account if you are the first 500
- Tips: You may need to register your PayLah! account immediately after 12am.
How it works
- You need to apply a PayLah! account (via PayLah! App), which will be linked to your existed DBS / POSB savings / current account
- You could use the PayLah! app to send money to your friends via mobile number.
Who can Apply
- An existing DBS internet banking customer with existed DBS / POSB savings / current account
OCBC Pay Anyone
How it works
- You don’t need to apply any account
- You need to be an existing OCBC internet banking customer with existed savings / current account
- You can send money to your friends via mobile number, email address, and even facebook account. You friends can use any Singapore savings / current account to receive the money.
Maybank Mobile Money
How it works
- You don’t need to apply any account
- You need to be an existing Maybank internet banking customer with existed savings / current account
- You can send money to your friends via mobile number. You friends can use any Singapore savings / current account to receive the money.