Mobile Payments in Asia


DBS PayLah

DBS PayLah enables users to instantly perform cash transactions using their smart phone devices and allows them to shop online and pay for goods and services at selected merchants. One can transfer money instantly to anyone, including non-DBS customers- provided they have the recipient’s mobile number. The mobile payment service offers a fast, secure and easy way to send or receive money, make purchases, top up local SIM card, request for funds, pay bills, make donations and receive notification get various notifications. It is also available on Apple Watch. The cofounder and chief executive officer of DBS PayLah is Terrence Can. The payment platform is a mobile app that is downloadable in both the Google play store and the Apple app store for both DBS/POSB iBanking users with savings or current bank accounts and non DBS/POSB users who have a Singapore registered mobile number. It is a bank led and fully owned mobile payment service with DBS Bank as its main investor. Its major clients include qoo10 and many others. DBS bank also has another mobile payment service app featured in the Apple app store known as DBS Mobile Pay.



ASIAPAY Limited is a leading electronic payment service in Asia which provides secure and effective mobile payment services. Joseph Chan is the Company’s founder and its chief executive officer. Through its very own mobile payment platform known as PayDollar, it is able to provide totally secure, customizable and scalable payment services covering multi-currency, multi-lingual, multi-card products over various payment channels whether online, wireless, mail order or call centers by use of cards or alternative payment means such as direct debit, online banking, digital wallets and over-the-counter cash payments. AsiaPay Limited is Level 1 PCI DSS certified and is recognized by many acquiring banks as well as card associations worldwide. PayDollar mobile pay offers wireless payment transaction solution which enables users to accept credit card payments remotely through their mobile devices anytime. The mobile payment service is also available in Hong Kong, Thailand, Philippines, London, China and other countries. The company’s major client base include Cathay Pacific Airlines, The Peninsula Hong Kong Hotel, and British council Hong Kong among others. Its investor financials are referenced from partners such as Semafone, Bank of Banduri, Ambank and PayPal among others.


Pogo Mobile point-of-sale

Pogo mobile point-of-sale solution was founded by First Data’s direct-to-market merchant acquiring business. Through use of a smartphone, one can easily accept credit and debit card payments, anywhere, as long as they have wireless coverage. One only requires a new or existing merchant account in order to sign up. Users can then access the Pogo downloadable app in the app store or Google play store with their smartphone devices. It enables both small and medium enterprises to provide card payments on the go by plugging in the payments dongle to their mobile phones or tablets thereby transforming them into mobile point of sale terminals. This way, merchants and customers are able to make card payments through their smart devices. First Data operates in Singapore and up to 35 other countries. It also engage in businesses in over 70 countries which use Pogo mobile payment services to process financial transactions. The payment platforms involves a master card BlueSnap is a major investor and has entered into a partnership with the company in order to process its payments for ecommerce merchants. Pogo is suitable for a client base consisting of smaller merchants who are interested in gaining access to the growing mobile commerce market but are facing challenges such as high overheads, tight cash flow cycles or challenges associated with mobile sales locations. Its major investor is the First Data Corporation and its major clients include PNC bank and many others


Dash Pay

The Dash is a mobile app designed for Apple iOS and Android devices and is available to subscribers using mobiles phones. It was developed by SingTel to provide mobile payment services through SingTel Transit NFC SIM as the payment platform. The applications enables customers to top up their SingTel Dash balance using any bank account such as Citibank, DBS, OCBC, POSB, Standard Chartered Bank or UOB. Customers can also send money to their friends and family using the mobile payment service. The service covers all users in Singapore, Indonesia, the Philippines, India, China, Thailand, India, Australia, Bangladesh and Sri Lanka The mobile app can be freely downloaded in customer’s smart devices and accessed by signing up for the remittance service. The SingTel Transit NFC SIM enables customers, through the Dash app, to top up their EZ-link balances on the go. This transforms NFC phones into EZ-link cards. Customers can also pay their taxi fares using Dash. The Standard chartered Bank and SingTel are the main investors in Dash mobile app.


Gemalto`s NFC

Gemalto provides ticketing service which allows public transit users to pay their fares using mobile phones throughout Singapore. The payment platform involves a Gemalto UpTeq Multi-Tenant NFC SIM which allows the users to enjoy convenience through the EZ-Link application that enables them to pay for public transport by a simple tap of their mobile phones. Mobile network operators and banks can also use this platform in providing their services. Besides transport payment, the mobile payment service is also compatible with contactless infrastructure, featured in more than 29,000 Ez-link terminals, from retail stores to food and beverage outlets, as well as taxis. This enables Singaporean users to purchase items using their smart devices. The main investors working with Gemalto in the mobile payment venture are the Royal Bank of Canada, Visa and Rogers Wireless. They jointly ensure wireless  

delivery of mobile payment software and credit card information to the user’s mobile phones. Gemalto acts as the trusted service manager, bridging banking with mobile phones. It manages the transfer of credit card information to a secure SIM card embedded in the Rogers Wireless NFC-enabled mobile phone from RBC. Besides Singapore, Gemalto also operates the mobile payment service in France, Taiwan and various other countries. Its major clients include Companies like Verizon, China Telecom, Banco Santander, and Amazon Web Services.

More companies are yet to join the competitive market place in Singapore. This include Android Pay, Samsung pay and many others who have expressed their intentions to launch operations and provide mobile services and solutions in the country.