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Local banks move to prevent stolen card details from being added to e-wallets
The Straits Times
|May 09, 2025
A new mobile banking app feature will allow DBS and POSB card holders to control who can add their cards to mobile phone wallets from mid-May.
The move is part of the local banks' efforts to stop scammers from adding phished card details to their mobile wallets — like Apple Pay and Google Pay — for fraudulent spending, as such cases climb, said DBS on May 8.
Over 650 police reports were lodged in the last quarter of 2024, totaling up to losses of at least $1.2 million, said DBS, citing police data.
With this launch, users will no longer be able to add card details to their device for contactless payment until they switch on the "mobile wallets" toggle in the DBS banking app.
Diese Geschichte stammt aus der May 09, 2025-Ausgabe von The Straits Times.
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