DBS offers complimentary delivery of DBS QR Gift cards to customers this CNY

Singapore.15 Jan 2021

DBS QR Gift cards enable customers to preserve the tradition of red packet exchange

DBS/POSB customers can order DBS QR Gift cards online from 16 to 26 January; cards will be mailed by 10 February

Singapore, 15 Jan 2021 - DBS is offering a complimentary click-and-deliver service to make it even easier for customers to obtain their DBS QR Gift cards. From tomorrow to 26 January, customers will be able to order their desired amount of DBS QR Gift cards online and DBS will deliver them by mail, at no cost, by 10 February.

DBS customer scanning a DBS QR Gift card

The DBS QR Gift (popularly known as ‘QR Ang Bao’) enables customers to load cash values onto unique QR codes, and is Singapore’s only ‘phygital’ alternative to gifting. It allows customers to preserve and continue the CNY tradition of giving and receiving red packets, and at the same time, contributes to a more sustainable environment. Since its launch in 2019, DBS QR Gift has been well-received by customers with around SGD 2.8 million loaded onto QR gift cards during CNY last year.

Jeremy Soo, Head of Consumer Banking Group (Singapore), DBS Bank said, “Exchanging ang baos is a well-loved and time-honoured CNY tradition that symbolises good fortune and luck. We believe DBS QR Gift is a good balance between tradition and technology. By offering the complimentary delivery service, we hope to make the DBS QR Gift cards a lot more accessible to our customers, so they can keep the tradition going and safely share good blessings with their loved ones even during the pandemic.”

Celebrating a sustainable CNY with DBS QR Gift

DBS QR Gift card for CNY

DBS QR Gift cards are made of environmentally-friendly, FSC-certified paper, and are designed to be gifted on their own – thus doing away with the need for new notes and red packets, both of which incur significant carbon footprint. According to the Monetary Authority of Singapore, printing new notes generates around 330 tonnes of carbon emissions every year. Red packets, with the amount of ink and gold stamping involved, are also not easy to recycle and often end up incinerated.

To this end, DBS partnered Tay Paper Recycling in 2019 to launch a dedicated red packet recycling initiative – the first bank in Singapore to do so – to collect and recycle red packets, DBS QR Gift cards and even Mandarin orange carriers. Collected recyclables are then converted into paper pulp, then mixed with other raw materials to create new paper products. Located at DBS/POSB branches and available all-year round, these recycling bins have collected 210 trees (or 12,500 kg) worth of recyclables till date.

To reserve DBS QR Gift cards, visit: go.dbs.com/sg-qrgiftorder

For more details on how DBS QR Gift cards work, visit: https://go.dbs.com/sg-qrgift


About DBS
DBS is a leading financial services group in Asia with a presence in 18 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 Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. 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. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020.

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, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 29,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.