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Western Union completes acquisition of Singapore digital wallet Dash
ME News report: On April 5 (UTC+8), Western Union announced the completion of its acquisition of Dash, a digital wallet under Singapore Telecommunications. The deal gives Western Union its first digital wallet in the Asia-Pacific region and is an important part of its Beyond strategy. Dash was founded in 2014 and has more than 1.4 million users in Singapore, offering services such as bill payments, overseas remittances, savings, investments, and insurance. Western Union said that integrating Dash will enable its Singapore customers to connect more directly to its global network covering 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 transaction has not been disclosed. (Source: ChainCatcher)