DBS pilots world’s first loadable QR red packets

Singapore.23 Jan 2019
Singapore, 23 Jan 2019 - DBS is introducing a new way to celebrate Chinese New Year (CNY) this year with the pilot launch of a loadable QR red packet (DBS QR Ang Bao), a global first. The DBS QR Ang Bao offers a fun, digital twist on the age-old tradition of red packet exchange, allowing DBS PayLah! users to preserve the traditional act of giving and receiving physical red packets, while eliminating the use of cash.


This pioneering solution allows users to go beyond simply scanning or generating QR codes to make payments and fund transfers. DBS QR Ang Baos provide users with the ability to ‘load’ their desired cash values onto unique QR codes – the first time in the world that this functionality is being introduced in QR codes.

How DBS QR Ang Baos work

Using DBS PayLah!, Singapore’s most popular mobile wallet with more than one million users, customers simply need to scan a unique QR code on a DBS QR Ang Bao to ‘load’ a cash value of up to SGD 999. They may then gift the DBS QR Ang Bao to their family and friends, who can scan the QR code with their own DBS PayLah! app to receive the loaded amount. Visit https://youtu.be/CxAD6pnxWuM to watch a short video on how the DBS QR Ang Bao works.

Said Jeremy Soo, Managing Director and Head of Consumer Banking Group (Singapore), DBS Bank, “In the spirit of celebration and reinvention this Chinese New Year, we decided to introduce a fresh, digital take on the traditional red packet exchange, while retaining the meaningfulness of the physical act of giving and receiving red packets itself. The pilot also showcases the different, unexpected ways in which digital funds can replace cash. The DBS QR Ang Bao is ideal for time-starved customers who hope to forgo the usual hassle of obtaining new notes for CNY, or for those who embrace the spirit of being early adopters and appreciate having conversation-starters during family gatherings.”


Each DBS QR Ang Bao contains a unique QR code and serial number for added security, and users can easily cancel a particular DBS QR Ang Bao’s loaded funds via the DBS PayLah! app in the event that it gets lost or stolen.

This latest innovation comes on the back of the rising popularity of DBS PayLah!’s eAng Baos – the first eAng Baos to be introduced to Singapore in 2015. eAng Baos reached a record number of transactions in 2018, with the number of eAng Baos sent in 2018 being six times higher than that of 2017.

How to get your DBS QR Ang Baos

Starting 25 January 2019, limited quantities of DBS QR Ang Baos will be made available to customers who wish to try them out. Two sets (in packs of eight) of DBS QR Ang Baos will be distributed to customers at 95 DBS/POSB branches or POSB Pop-Up ATMs island-wide (please refer to the Appendix for the list of collection points), subject to availability.

The DBS QR Ang Baos will be valid for use from 25 January 2019 to 15 March 2019; funds not redeemed by 15 March 2019 will be refunded to the givers.

Introducing the DBS PayLah! QR Ang Bao Contest

Customers who successfully send or redeem a DBS QR Ang Bao or DBS PayLah! eAng Bao are eligible to participate in the DBS PayLah! QR Ang Bao Contest.

From 5 February to 19 February, daily prizes of SGD 188 will be awarded to ten customers with the highest number of qualifying transactions at the end of each day. In addition, the customer with the highest cumulative number of qualifying transactions from 1 February to 19 February will walk away with the grand prize of SGD 8,888. A qualifying transaction is defined as a successful DBS QR Ang Bao or DBS PayLah! eAng Bao transaction between a unique giver-receiver pair (i.e. multiple transactions between the same giver-receiver pair are counted as one transaction).To find out more about the DBS PayLah! QR Ang Bao Contest and DBS QR Ang Baos, please visit:https://go.dbs.com/sg-qrangbao


APPENDIX

List of DBS/POSB branches for DBS QR Ang Bao collection:

Branch

Type

DBS Bishan Branch

DBS Branch

DBS Plaza Singapura Branch

DBS Branch

DBS Thomson Branch

DBS Branch

DBS Raffles Place Branch

DBS Branch

DBS MBFC Branch

DBS Branch

DBS South Bridge Branch

DBS Branch

DBS Suntec City

DBS Branch

DBS Toa Payoh Branch

DBS Branch

DBS Woodlands Branch

DBS Branch

DBS Parkway Parade Branch

DBS Branch

DBS Towner Road Branch

DBS Branch

DBS Bedok Branch

DBS Branch

DBS Hougang Branch

DBS Branch

DBS Tampines One

DBS Branch

DBS Serangoon Garden Branch

DBS Branch

DBS HarbourFront Branch

DBS Branch

DBS Raffles Link

DBS Branch

DBS Alexandra

DBS Branch

DBS Clementi Branch

DBS Branch

DBS Holland V

DBS Branch

DBS Jurong Point Branch

DBS Branch

DBS Westgate

DBS Branch

DBS Bukit Timah Branch

DBS Branch

DBS Choa Chu Kang Branch

DBS Branch

DBS Raffles Pl Svc Ctr

DBS w/o notes exchange

DBS Marina Bay Sands

DBS w/o notes exchange

DBS Woodlands Svc Ctr

DBS w/o notes exchange

DBS NUS Remix Branch

DBS w/o notes exchange

POSB Centrepoint Branch

POSB Branch

POSB Ngee Ann City Branch

POSB Branch

POSB Yishun Central Branch

POSB Branch

POSB Square 2 Branch

POSB Branch

POSB Toa Payoh Central Branch

POSB Branch

POSB Ang Mo Kio Central

DBS and POSB

POSB Kampung Admiralty

POSB Branch

POSB Newton Branch

POSB Branch

POSB Woodlands West Branch

POSB Branch

POSB Marine Parade Branch

POSB Branch

POSB Paya Lebar

POSB Branch

POSB Bedok Central Branch

POSB Branch

POSB Eastpoint

POSB Branch

POSB Heartland Mall Branch

POSB Branch

POSB Serangoon Central Branch

POSB Branch

POSB Pasir Ris East

POSB Branch

POSB Tampines Central Branch

POSB Branch

POSB Tampines East Branch

POSB Branch

POSB White Sands Branch

POSB Branch

POSB Compass One

POSB Branch

POSB Hougang Central Branch

POSB Branch

POSB Seletar Mall

POSB Branch

POSB Waterway Point

POSB Branch

POSB Tanjong Pagar Branch

POSB Branch

POSB Bukit Panjang Branch

POSB Branch

POSB Buona Vista Branch

POSB Branch

POSB Clementi Central Branch

POSB Branch

POSB Jurong East Central Br

POSB Branch

POSB Jurong Point Branch

POSB Branch

POSB Jurong West Branch

POSB Branch

POSB Bukit Batok Central Br

POSB Branch

POSB Yew Tee Branch

POSB Branch

POSB Tiong Bahru Branch

POSB Branch

POSB Yishun North Branch

POSB w/o notes exchange

POSB ITE College CTL

POSB w/o notes exchange

DBS Treasures at Bukit Timah

Treasures Centre

DBS Treasures at Holland V

Treasures Centre

DBS Treasures at MBFC

Treasures Centre

DBS Treasures at Ngee Ann City

Treasures Centre

DBS Treasures at Parkway Parade

Treasures Centre

DBS Treasures at Raffles Place

Treasures Centre

DBS Treasures at Serangoon Garden

Treasures Centre

DBS Treasures at Siglap

Treasures Centre

DBS Treasures at Suntec City

Treasures Centre

DBS Treasures at Thomson Plaza

Treasures Centre

DBS Treasures Private Client Centre

TPC centre


List of POSB Pop-Up ATMs for DBS QR Ang Bao collection:

POSB Pop-Up ATMs

Bedok Community Centre

Chong Pang Community Centre

Ci Yuan Community Centre

Henderson Community Centre

Bukit Batok East Community Centre

Macpherson Community Centre

Yew Tee Community Centre

Toa Payoh Central Community Centre

Keat Hong Community Centre

Yihua Community Centre

Bukit Panjang Community Centre

Changi Simei Community Centre

Clementi Community Centre

Elias Community Centre

Sengkang Community Centre

Tampines West Community Centre

Teck Ghee Community Centre

Whampoa Community Centre

Taman Jurong Community Centre

Woodlands Galaxy Community Centre



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About DBS
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence 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 “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 ten consecutive years from 2009 to 2018.

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 26,000 staff, representing over 40 nationalities. For more information, please visitwww.dbs.com.