Western Union has announced an agreement to acquire Singapore-based mobile wallet Dash from telecom provider Singtel. Financial details of the transaction have not been disclosed. This acquisition signals Western Union’s strategic investment in enhancing its digital payment offerings within Asia’s growing fintech landscape.
Dash, launched in 2014, offers a range of financial services—users can pay, remit, save, invest, and insure, all from one app. Open to anyone in Singapore regardless of telecom or bank affiliation, Dash has built a strong base of 1.4 million users, positioning it as a versatile financial tool in the region.
Sohini Rajola, Western Union’s Head for Asia Pacific, commented on the acquisition, noting that the business in Singapore integrates branded digital services and Western Union locations to meet the needs of both Singapore citizens and residents.
Singtel, which still maintains a stake in the financial services sector, described the sale as aligned with its strategic focus on core telecommunications operations. Singtel also partners with Grab, a dominant regional superapp, through their joint digital banking venture, GXS, which launched in 2022 to serve both individuals and businesses in Singapore.
