DBSÂ and POSB are committing S$10 million to expand cashback rewards for Singapore consumers and step up AI adoption support for SMEs amid rising costs.
The package follows the Singapore government’s S$1 billion relief package announced earlier this month.
DBS cashback Singapore: what consumers get
From August to December, DBS and POSB cardholders and PayLah! users can redeem more than three million cashback rewards at hawker centres, heartland shops and supermarkets, including S$3 cashback at hawker stalls and heartland shops every Saturday.
Full redemption details and participating retail partners will be announced in July.
Among those who redeemed cashback rewards in 2025, 36% were senior citizens or individuals earning less than S$2,500 a month.
Saturday earnings for participating hawkers and heartland merchants rose 50% through PayLah! transactions last year, surpassing the 40% gain recorded during a comparable 2024 campaign.
DBS is expanding its previously announced Spark GenAI programme to give SMEs structured access to IMDA workshops, a global network of over 16,000 solution providers, and a new “Implementing AI for Impact” playbook.
“As the prolonged uncertainty drives up prices, we know that some are feeling the strain more acutely than others.
Through this support package, the bank is committed to enabling more people to stretch their dollar, while strengthening our SMEs which are the backbone of the economy.”
said Lim Him Chuan, DBS Singapore Country Head.
Featured image: Edited by Fintech News Singapore, based on image by DBS
