{"id":488679,"date":"2026-06-08T08:07:17","date_gmt":"2026-06-08T08:07:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/488679\/"},"modified":"2026-06-08T08:07:17","modified_gmt":"2026-06-08T08:07:17","slug":"dbs-enables-singapore-based-users-to-fund-weixin-pay-wallets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/488679\/","title":{"rendered":"DBS Enables Singapore-Based Users to Fund Weixin Pay Wallets"},"content":{"rendered":"<p>Free Newsletter<\/p>\n<p>Get the hottest Fintech Singapore News once a month in your Inbox<\/p>\n<p><a href=\"https:\/\/fintechnews.sg\/tag\/DBS\/\" target=\"_blank\" rel=\"noopener nofollow\">DBS<\/a> is making it easier for users in Singapore to fund <a href=\"https:\/\/fintechnews.sg\/tag\/Weixin-Pay\" target=\"_blank\" rel=\"noopener nofollow\">Weixin Pay<\/a> wallets for everyday payments in China.<\/p>\n<p>Singaporeans, Permanent Residents and foreigners residing in Singapore can now use DBS Remit through digibank to transfer funds to Weixin Pay, the digital RMB wallet available in the Weixin and WeChat apps.<\/p>\n<p>Users must verify their passports in the app before making the transfers.<\/p>\n<p>The feature follows the <a href=\"https:\/\/fintechnews.sg\/126525\/payments\/weixin-pay-dbs\/\" target=\"_blank\" rel=\"noopener nofollow\">February launch of DBS Remit transfers to Weixin Pay<\/a> e-wallets for accounts linked to identification documents from China, Hong Kong and Macau.<\/p>\n<p><a href=\"https:\/\/bit.ly\/48UyEor\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" border=\"0\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/06\/Sumsub-ID-WP-7.webp\" alt=\"\" loading=\"lazy\" role=\"presentation\" aria-hidden=\"true\" data-nosnippet=\"\" data-pin-nopin=\"true\" width=\"600\" height=\"500\"\/><\/a><\/p>\n<p>Since then, the number of customers using DBS Remit to fund their Weixin Pay wallets has quadrupled, while transaction volumes have grown eightfold.<\/p>\n<p>Average transfer amounts have also risen to more than S$800.<\/p>\n<p>The feature is relevant to users travelling, studying or working in China, where digital wallets are widely used for payments, transport bookings, food ordering and other everyday services.<\/p>\n<p>While users can link credit cards to digital wallets, some transactions above certain thresholds may incur additional fees.<\/p>\n<p>Funding Weixin Pay through DBS Remit allows users to avoid these additional platform transaction fees.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-132677\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/06\/Ping-Lim-150x150.jpg\" alt=\"P\u2019ing Lim\" width=\"150\" height=\"150\"  \/>P\u2019ing Lim<\/p>\n<p>P\u2019ing Lim, Regional Head of Ecosystems and Cross Border Payments, Consumer Banking Group at DBS Bank, said,<\/p>\n<p>\u201cThe robust double-digit growth of DBS Remit transfers to digital wallets in China shows that our customers value the ease and simplicity of using channels they already know and trust.<\/p>\n<p>We believe that this latest enhancement is another step towards making cross-border experiences feel more local and intuitive for travellers, as well as those studying and working abroad.\u201d<\/p>\n<p>DBS has also recorded growth in regional scan-to-pay and cross-border payment linkages across India, Indonesia, Malaysia and Thailand.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Featured image: Edited by Fintech News Singapore, based on image by <a href=\"https:\/\/www.magnific.com\/premium-photo\/business-office-without-people-with-blurred-bokeh-background_44611909.htm\" target=\"_blank\" rel=\"noopener nofollow\">tsyhun<\/a> via Magnific<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Free Newsletter Get the hottest Fintech Singapore News once a month in your Inbox DBS is making it&hellip;\n","protected":false},"author":2,"featured_media":488680,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[13741,61,60,202,80,23500],"class_list":["post-488679","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-dbs","tag-ie","tag-ireland","tag-mobile","tag-technology","tag-weixin-pay"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/488679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=488679"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/488679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/488680"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=488679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=488679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=488679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}