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Singtel to sell mobile wallet Dash to Western Union
The Straits Times
|October 25, 2024
Singtel is offloading its Dash mobile wallet to money transfer and payment giant Western Union for an undisclosed amount.
The sale of the app, which was launched a decade ago and has more than 1.4 million users, is part of Singtel's push to streamline "its structure and portfolio to boost innovation and growth opportunities", it said on Oct 24.
The telco told The Straits Times that there would be no job cuts associated with the transaction, with staff either redeployed elsewhere within the firm or joining Western Union. It declined to reveal the number of staff employed at Dash.
Dit verhaal komt uit de October 25, 2024-editie van The Straits Times.
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