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August 23, 2010

DBS launches Youth Olympics prepaid card

Singapore's DBS Bankhas launched aVisa prepaid card which allows spectators to gain entry, purchase goods and access free public transport for the country's Youth Olympic Games. When the Games end on the 26 August, users can reload funds onto the prepaid card by topping up online at the DBS site, at ATMs, selected SingPost branches and at AXS stations across Singapore. This is the first time spectators to any Olympic event are using a Visa Prepaid card as an entry ticket, said Meranda Chan, country manager of Singapore and Brunei for Visa.

By Verdict Staff

Singapore’s DBS Bank has launched a Visa prepaid card which allows spectators to gain entry, purchase goods and access free public transport for the country’s Youth Olympic Games.

When the Games end on the 26 August, users can reload funds onto the prepaid card by topping up online at the DBS site, at ATMs, selected SingPost branches and at AXS’s top-up terminals across Singapore.

“This is the first time spectators to any Olympic event are using a Visa Prepaid card as an entry ticket,” said Meranda Chan, country manager of Singapore and Brunei for Visa.

“Visa worked closely with the Singapore 2010 Youth Olympic Games Organizing Committee, DBS Bank, EZ-Link and Watchdata to develop this truly innovative technology. It’s a landmark moment which we’re proud to share with some 25,000 spectators from around the world.”

Visa is the official payment services sponsor and the only card accepted at Singapore’s Youth Olympic Games. Visa’s deal with the Olympics Committee preventing the use of other cards to buy tickets has caused controversy among some industry bodies. The UK’s Office of Fair Trading revealed in June they were considering action against a similar agreement ahead of the 2012 Olympics in London.

Related story: MAS blasts DBS after IT meltdown

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