Western Union completes acquisition of Singapore digital wallet Dash

Western Union announced the completion of its acquisition of Dash, the digital wallet owned by Singtel. This transaction gives Western Union its first digital wallet in the Asia-Pacific region and is an important part of its Beyond strategy. Founded in 2014, Dash has over 1.4 million users in Singapore, offering services such as bill payment, overseas remittances, savings, investment, and insurance. Western Union stated that integrating Dash will allow its Singaporean customers to connect more directly to its global network covering more than 200 countries and regions. Vince Tallent, Head of Western Union Asia Pacific, said that combining Dash's local customer base with Western Union's global network will help provide a more seamless service. The specific amount of the transaction was not disclosed.