Dash

What Dash does

Dash, operated by SingCash Pte. Ltd. (CRN: 201106360E), is a Singapore-based all-in-one mobile wallet serving 1.4 million users since its 2014 launch under Singtel, and since April 1, 2026 operating as a wholly-owned subsidiary of Western Union following WU's first wallet acquisition in Asia-Pacific. The platform bundles five core product lines: Dash Wallet (Visa Virtual Card with contactless tap-and-pay, SGQR/FavePay/NETS QR acceptance at 40,000+ merchants, PayNow/FAST local transfers, SimplyGo transit and ComfortDelGro taxi integration); Dash Remit (self-serve mobile remittance to 35+ countries via bank deposit, cash pick-up, and e-wallet endpoints including GCash, Touch 'n Go, bKash, LinkAja, WeChat, and Alipay); Dash PET / Dash EasyEarn (Etiqa-underwritten insurance savings plans with up to 1.7% p.a. returns); UOBAM Robo Invest (third-party robo-advisory portfolios); and Dash Insurance (travel, car, home, maid, term life, whole life, critical illness, cancer via Etiqa). Supporting features include overseas prepaid mobile top-ups across 9 countries, overseas bill payment for utility providers in India/Indonesia/Philippines, refer-a-friend cashback mechanics, and a retail service network anchored at Lucky Plaza with 16+ partner locations. The technology stack is mobile-first (iOS, Android, Huawei AppGallery), MAS-regulated under the Payment Services Act, and built atop partner infrastructure rather than proprietary rails for Visa, PayNow, remittance corridors, insurance underwriting, and investment management.

The business model is transaction-driven and freemium: remittance fees range from SGD 2-10 per corridor transaction (e.g., SGD 2 to Malaysia bank, SGD 5 to Indonesia, SGD 10 to Alipay/CUP in China); top-up convenience fees are SGD 0.50 at 7-Eleven/Sheng Siong/Singtel retailers and 2% on card top-ups; Visa International Processing Fees of 2.8% apply on overseas SGD card transactions; insurance distribution generates commission revenue from Etiqa; and assorted service fees (SGD 10 transaction history, SGD 25 bank transfer, SGD 15 chargeback, SGD 2 dormant account) provide ancillary income. Verified non-Work Permit holders can remit up to SGD 5,000/day and SGD 25,000/month, framing the addressable remittance volume per active user. The go-to-market is product-led growth via app store distribution, digital marketing, referral programs (SGD 9 to both referrer and referee on first remittance), new-user cashback promotions (SGD 3-9 on first remittance of SGD 20-300+), and physical retail onboarding for migrant workers and the underbanked. Customer segments are two primary personas — migrant workers sending remittances home and general Singapore consumers seeking an integrated payments-plus-financial-services app — plus a secondary GXS Bank referral segment. Marketing and acquisition channels prioritize app stores, referral mechanics, promotional deals, YouTube tutorials, and WhatsApp-based support.

Name

Dash

Legal name

SingCash Pte. Ltd.

Website

https://dash.com.sg

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Dash is a Singapore-based all-in-one mobile wallet, now a Western Union subsidiary, serving 1.4 million users with integrated payments, remittance to 35+ countries, insurance, savings, and investment services.

Ownership category

akta.pro rank

Product category

Mobile Payments & Digital Wallet

NAICS

Insurance and Employee Benefit Funds (5251)

SIC

Finance Services (6199)

akta.pro primary industry

Mobile Wallets (NFC Tap-to-Pay / HCE) (FSAMAEAB)

akta.pro secondary industries

In-App / Online Checkout Wallets (FSAMAEAH), International / Multi-Currency Wallets (FSAMAEAL)

Keywords

• Mobile wallet services
• Cross-border remittance
• Digital payments
• Consumer insurance products
• Robotic advisory investing

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices16 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Remittance Transaction Fees: Fees charged per overseas money transfer, varying by destination country and transfer method (bank account, cash pick-up, e-wallet). Ranges from SGD 2-10 depending on corridor and recipient type.
2. Convenience Fees: Fees for cash top-ups at convenience stores and retailers: S$0.50 per 7-Eleven/Sheng Siong/Singtel Prepaid retailer top-up; 2% for credit/debit card top-ups; S$1.00 for PayNow VPA cash withdrawal
3. Insurance Distribution: Commission revenue from insurance products including Dash PET, travel insurance, car insurance, home insurance, maid insurance, term life, whole life, critical illness, and cancer coverage underwritten by Etiqa Insurance
4. International Processing Fees: 2.8% Visa International Processing Fee applied to Singapore Dollar transactions processed outside Singapore
5. Service Fees: Various service fees including S$10 for transaction history request, S$25 for balance/bank transfer, S$15 for chargeback or remittance cancellation, S$2 monthly dormant account fee

Pricing tiers

Go-to-market motion2 records

Distribution channels11 records

Marketing channels9 records

Core offering

Dash is an all-in-one mobile wallet operated by SingCash Pte. Ltd. that lets Singapore consumers pay bills, send overseas remittances to 35+ countries, make contactless Visa payments, earn cashback, save via the Dash PET insurance savings plan (underwritten by Etiqa), and access robo-advisory investing through UOBAM. It serves 1.4 million users via an iOS/Android app and integrates PayNow, SGQR, SimplyGo, and Western Union's global network following its April 2026 acquisition.

Product overview

Dash is an all-in-one mobile wallet (operated by Singcash Pte. Ltd) that serves as Singapore's most versatile digital financial platform. The core offering is the Dash Wallet, which integrates multiple financial services into a single app: bill payment, international money transfer (Dash Remit to 35+ countries), savings (Dash PET with Etiqa Insurance), investment (UOBAM Robo Invest), and insurance coverage. The platform provides a Dash Visa Virtual Card for contactless Visa payments and transit payments via SimplyGo, QR code scanning for SGQR/FavePay/NETS payments, and local peer-to-peer transfers via PayNow/FAST. Supporting features include overseas prepaid top-ups, bill payment services for utilities in India/Indonesia/Philippines, curated deals and cashback promotions, and refer-a-friend rewards. In April 2026, Western Union completed its acquisition of Dash, marking Dash's first wallet presence in Asia-Pacific under Western Union's Beyond strategy.

Differentiator

Problem solved

Functional benefit

Brands

• Dash PET: Insurance savings plan offering savings at high returns with capital guaranteed, underwritten by Etiqa Insurance.
• Dash PET Plus
• Dash PET 2
• Dash EasyEarn
• Dash Remit
• Dash Visa Virtual Card
• Dash Protect
• UOBAM Robo Invest

Products and services

• Dash Wallet Core mobile e-wallet platform for Singapore consumers enabling bill payment, overseas remittance, savings, investing, and insurance in one app. Supports wallet top-up, local transfers, and Visa/PayNow integration.
• Dash Remit Self-serve overseas remittance service via mobile app allowing users to send money to 35+ countries including Australia, Bangladesh, China, India, Indonesia, Malaysia, Philippines, Thailand, UK, and Vietnam via bank accounts, cash pick-up, or e-wallet destinations.
• Dash Visa Virtual Card

Quantifiable outcome

• Remittance to 35+ countries with preferential FX rates for Australia, Europe, South Korea, and Vietnam
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Western UnioncoreStrategic or Co-development Partner · 1 April 2026Western Union completed acquisition of Dash (Singcash Pte. Ltd) from Singtel on April 1, 2026. The deal gives Western Union its first proprietary digital wallet in Asia-Pacific and access to 1.4 million users in Singapore. Dash will be integrated into Western Union's global network spanning 200+ countries and territories, supporting Western Union's Beyond strategy to expand cross-border money transfer capabilities.
• Etiqa InsuranceflagshipChannel Partner/ Reseller/ DistributorDash distributes insurance products underwritten by Etiqa Insurance Pte. Ltd., including Dash PET savings insurance, travel insurance, car insurance, home insurance, maid insurance, term life, whole life, critical illness, and cancer coverage. Dash PET offers savings at high returns with capital guaranteed.
• UOB Asset Management (UOBAM)coreChannel Partner/ Reseller/ DistributorDash provides access to UOBAM Robo-Invest robo-advisory portfolio service, offering institutional-grade financial advice and portfolio recommendations through machine algorithms combined with human expertise.
• GXS BankminorGTM or Marketing PartnerDash promotes GXS Bank products including FlexiLoans at 0% interest and savings accounts. GXS is a separate entity from Singtel Group and holds its own banking license regulated by MAS.
• VisacoreTechnology or IntegrationDash is integrated with Visa, enabling users to make contactless tap-and-pay payments at Visa Contactless terminals worldwide and use the 16-digit Dash Visa Virtual Card for online purchases.
• Monetary Authority of Singapore (MAS)coreOthersDash is regulated by MAS under the Payment Services Act. All payment transactions are subject to default limits prescribed by MAS. KYC requirements are enforced per MAS regulations.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Regional players

• Touch 'n Go eWallet: Touch 'n Go eWallet is Malaysia's leading mobile wallet and a remittance destination for Dash users. Comparable regional wallet with payments, transit, and remittance features serving Southeast Asian consumer financial needs.
• ShopeePay (Sea Limited): ShopeePay is Sea Limited's Southeast Asian e-wallet integrated with the Shopee e-commerce platform. Comparable as a regional mobile wallet operating in Singapore with merchant payments and consumer financial services.
• GCash (Mynt/Globe Fintech Innovations): GCash is the Philippines' dominant mobile wallet and a remittance destination integrated with Dash. Comparable as a regional mobile super-app wallet with payments, savings, and credit features.

Direct peers

• FavePay (Fave): FavePay operates a merchant payments and cashback network in Singapore whose QR acceptance layer Dash integrates with directly via SGQR. Direct competitor for offline merchant payments and consumer cashback deals in Singapore.
• DBS PayLah!: DBS PayLah! is Singapore's largest bank-issued mobile wallet with deep PayNow and SGQR integration. Direct competitor to Dash for everyday QR payments, peer-to-peer transfers and merchant acceptance among Singapore consumers.
• GrabPay (Grab Holdings): GrabPay is Singapore's and Southeast Asia's leading super-app mobile wallet, offering QR payments, ride-hailing, food delivery and financial services. Direct competitor to Dash in Singapore's consumer wallet market, with overlapping remittance, insurance, and merchant payment offerings.
• OCBC Pay Anyone / UOB Mighty: OCBC Pay Anyone and UOB Mighty are Singapore-based bank mobile wallets integrated with PayNow. Direct competitors to Dash within Singapore for QR payments, P2P transfers and merchant transactions.

Emerging players

• Remitly: Remitly is a digital remittance app with strong presence in the US-to-Asia corridors that overlap with Dash's Bangladesh, India, Philippines and China destinations. Comparable mobile-first send-to-wallet/bank remittance model.
• Wise (TransferWise): Wise is a global cross-border money movement fintech with low-cost remittance to 70+ countries. Compares to Dash's remittance business, especially in Singapore corridors serving migrant workers.

Broad incumbents

• PayPal (incl. Xoom): PayPal, through Xoom, is a broad incumbent in cross-border money transfer to Asia-Pacific markets. Competes with Dash on remittance corridors and digital wallet payments globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/dash-products-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dash