Western Union has completed its acquisition of Singapore-based digital wallet Dash from Singtel after receiving all required regulatory approvals.

The deal gives Western Union its first wallet in Asia Pacific and adds Dash’s Singapore platform to its global network, which spans more than 200 countries and territories.

Dash, operated by Singcash, was launched in 2014 and has grown to more than 1.4 million users.

The wallet allows users to pay bills, send money overseas, and access services such as savings, investments and insurance.

It is available to users regardless of their telco or banking provider.

Vince Tallent, Head of Asia Pacific at Western Union, said,

“By combining Dash’s local innovation and trusted customer relationships with Western Union’s global network and digital platform, we are expanding how, where, and when we serve our customers.

Together, we will be better positioned to meet them in the moments that matter — whether they are sending money across borders, managing everyday payments, or accessing financial services digitally — and to deliver more seamless, convenient, and reliable experiences that truly support their needs.”

Gilbert Chuah, Head, Financial & lifestyle Services, International Digital Services, Singtel, said,

“Dash has been an important part of Singtel’s digital journey, and we are proud to have built a trusted and inclusive mobile wallet in Singapore.

As it enters its next phase with Western Union, we are confident that its strong local foundation, combined with Western Union’s global scale, will unlock greater value for customers.”

Featured image: Edited by Fintech News Singapore, based on image by Western Union