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SINGAPORE – DBS is bringing back its QR code red packets this Chinese New Year with a host of new and improved features, including opening up the service to non-DBS customers and younger teenagers.
The DBS QR Gift, first introduced in a pilot last year under a different name, enables users of the DBS PayLah! app to scan a QR code to load a cash value of up to $999.
They can then give this QR code to friends and family as a substitute for traditional red packets, with recipients scanning the code to receive the loaded amount.
Recipients previously had to be DBS PayLah! users and at least 16 years old, but the criteria have now been widened to include all PayNow users, as well as PayLah! users above 13 years old.
Teenagers will still need parental consent in order to use the service and redeem their digital red packets.
PayNow is a funds transfer service provided by nine banks here. It has about 2.8 million users, compared to 1.6 million for DBS PayLah!
Other new features of the QR Gift include the option to load up to 10 QR Gift cards at once, instead of having to do so one at a time.
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