DBS launches zero-remittance fee payment service to Chinese digital wallet
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DBS has launched a zero-remittance fee payment service for customers transferring money to Chinese e-wallet Weixin Pay, in partnership with Tencent's TenPay Global. This service allows users to send funds without traditional remittance fees, especially beneficial ahead of Chinese New Year when remittances increase. Users can access the service via the DBS digibank app, with the first payment subject to a 12-hour cooling-off period. DBS also plans to integrate its PayLah! service with Weixin Pay for easier transactions in China. MariBank has also partnered with TenPay Global to offer a similar service.
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