Singtel needs digital bank licence to be major e-payment player

SINGTEL and OCBC Bank - two blue chips that are no strangers to each other - moved on Monday to link their digital wallet platforms.

The payments tie-up between Singtel Dash and OCBC Pay Anyone is expected to extend, by early next year, to a Singtel-led network that is already in Japan and Thailand and will soon be in Malaysia and Indonesia as well. (see amendment note)

Being on the cusp of its digital bank ambitions is well and good. But Singtel needs to do more, by offering shareholders greater insight into how the mobile wallet business has added consumer pizzazz since Dash's launch in partnership with Standard Chartered Bank - way back in 2014.