Wirecard, a Germany based payment technology company, has teamed up with Singtel to support the recent launch of Singapore’s first Visa-branded virtual card for Singtel’s mobile wallet Dash.

Touted to be the Singapore’s most widely accepted all-in-one digital wallet, Singtel Dash allows customers to shop, pay transport fares and remit money using their smartphone.

After roll out of the Visa virtual account in July this year, Singtel Dash’s over 500,000 customers have been using their mobile phones to make payments in over 50,000 PayWave-enabled merchants across Singapore. They also use the payment platform to shop at Singapore-based e-commerce stores.

Wirecard executive vice president of global financial services Grigoriy Kuznetsov said: “We are very proud to be a partner for Singapore’s leading digital wallet.

“Singtel can now process mobile virtual Visa payments with Wirecard as a Bank Identification Number (BIN) sponsor. This further reinforces our position as a leading global prepaid issuer and BIN sponsor. It also demonstrates our state-of-the-art card processing capabilities.”

Singtel head of m-commerce of consumer Singapore Gilbert Chuah said: “Singtel Dash has gained more traction as a payment option of choice. With the adoption of Wirecard’s card processing solution, our customers can now make hassle-free mobile virtual Visa payments.”

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By GlobalData