Singtel has announced the sale of its all-in-one mobile wallet service, Dash, to Western Union as part of its ongoing efforts to streamline operations and focus on its core business. The transaction is subject to regulatory approvals, but in the meantime, Dash’s 1.4 million users will continue to have full access to all existing services.
Launched in 2014, Dash is a leading digital financial solution in Singapore, allowing users to pay, remit, save, invest, and insure—all within a single app. The service is accessible to anyone, regardless of their telecommunications provider or banking relationship, making it one of the most inclusive platforms in the country.
The sale of Dash aligns with Singtel’s broader Singtel28 strategy, which aims to simplify its structure and portfolio to enhance innovation and growth. According to Anna Yip, Deputy CEO of Singtel Singapore, Western Union is well-positioned to take Dash to new heights.
“In line with our Group’s Singtel28 strategy to focus on our core business and competencies, we have decided that Western Union is best placed to bring Dash to the next level,” said Yip. “We will work closely with Western Union to ensure that our Dash customers and business partners continue to be well-supported and the transition is seamless.”
Western Union’s Digital Expansion
The acquisition of Dash is a key part of Western Union’s Evolve 2025 strategy, which focuses on expanding its financial ecosystem and doubling its digital business. Western Union has been working to strengthen its global digital capabilities, and this acquisition reinforces its commitment to accessible financial services for growing populations.
“We are excited to have the opportunity to welcome Dash to Western Union and are working collaboratively with Singtel to secure regulatory approvals,” said Sohini Rajola, Head of Asia Pacific at Western Union. “This strategic move accelerates our Evolve 2025 vision, and strengthens our global digital capabilities.”
