Bank DBS Indonesia launched the contactless feature on DBS Visa debit card. The feature allows customers to simply tap their debit card to the Electronic Data Capture (EDC) machine without inserting the card or entering a personal identification number (PIN). This ensures efficiency and ease of transactions for customers.

Visa Consumer Payment Attitudes 2022 study revealed that contactless payments are proliferating in Southeast Asia, up 38 percent in 2020. According to the study, more than three in five consumers in Southeast Asia (63 percent) reported a significant increase in the use of contactless payment methods during the COVID-19 pandemic, especially in Indonesia (69 percent), the Philippines (69 percent), and Malaysia (68 percent). In the case of Indonesia, the trend signaled a growing awareness of contactless cards among the population (69 percent), with 75 percent expressing interest in using the cashless payment method. Based on this development, Bank DBS Indonesia presents DBS Visa contactless debit card that not only simplifies the transaction process but also increases payment security.

Consumer Banking Director at PT Bank DBS Indonesia Rudy Tandjung said, "With DBS Visa contactless debit card, customers are now able to make transactions of up to Rp1,000,000 per day with just one tap. This product is a manifestation of our commitment to providing a joyful and secure banking experience for customers while emphasising Bank DBS Indonesia's commitment to providing services that are innovative and relevant to customer needs. This is in accordance with our mission to be 'More like an innovator, less like a bank'."

In terms of transaction security, DBS Visa contactless debit card helps reduce the risk of hacking or data theft during transactions because customers only need to attach the card to the EDC machine without the need to transfer the card to another person and enter a PIN. Transactions can only be made when the card is within about 2.5-5 cm of the EDC machine to prevent anyone else from reading the information on the reader. In addition, the transaction limit of Rp1,000,000 per day mitigates the risks associated with unauthorised card usage. Contactless transactions are currently only possible overseas, but DBS Visa contactless debit card can still be used in Indonesia by inserting the card into an EDC machine.

Moreover, DBS Visa debit card also comes with a new vertical design that looks more elegant while still visible in the wallet. The attractive design not only increases the aesthetic value but also makes it easier for customers to tap the card on the reader to make contactless transactions.

Customers can replace their debit cards with DBS Visa contactless debit cards. The replacement fee is Rp50,000 for digibank by DBS customers and free of charge for DBS Treasures and DBS Treasures Private Client customers.

"Now, there are probably customers who are worried about not remembering their PIN or about the modus operandi of frauds that often occur. We believe that DBS Visa contactless debit card can minimise unwanted incidents and people will no longer be bothered with banking matters, in accordance with our 'Live more, Bank less' principle," Rudy Tandjung concluded.

For more information about the DBS Visa contactless debit card, please visit the following page.

About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

Bank DBS Indonesia launches DBS Visa Contactless debit card to ensure easy and secure transactions for customers