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Western Union completes acquisition of Singapore digital wallet Dash
ME News update. On April 5 (UTC+8), Western Union announced the completion of its acquisition of Dash, a digital wallet under Singapore Telecommunications. This transaction gives Western Union its first digital wallet in the Asia-Pacific region, and is an important part of its Beyond strategy. Founded in 2014, Dash has more than 1.4 million users in Singapore and offers services including bill payments, international remittances, savings, investing, and insurance. Western Union said that after integrating Dash, its Singapore customers will be able to connect more directly to its global network, which covers more than 200 countries and regions. Vince Tallent, head of Western Union for Asia-Pacific, said that combining Dash’s local customer base with Western Union’s global network will help deliver more seamless services. The specific amount of the deal has not been disclosed. (Source: ChainCatcher)