Western Union has completed its acquisition of Dash, the Singapore-based mobile wallet owned by Singtel.
The deal, finalised after regulatory approvals, gives Western Union access to a platform with more than 1.4 million users in Singapore. Launched in 2014, Dash offers payments, remittances, savings, insurance and investment services within a single app.
The acquisition marks Western Union’s first wallet in Asia Pacific. It is part of its strategy to expand beyond traditional money transfers by embedding cross-border capabilities into everyday financial use. By integrating Dash, the company aims to connect its global network—spanning more than 200 countries and territories—more directly with local digital payment ecosystems.
“By combining Dash’s local innovation and trusted customer relationships with Western Union’s global network and digital platform, we are expanding how, where, and when we serve our customers. Together, we will be better positioned to meet them in the moments that matter — whether they are sending money across borders, managing everyday payments, or accessing financial services digitally — and to deliver more seamless, convenient, and reliable experiences that truly support their needs,” says Vince Tallent, head of Asia Pacific for Western Union.
Singtel, which developed Dash as part of its push into digital financial services, says the divestment reflects a transition to a new growth phase.
“Dash has been an important part of Singtel’s digital journey, and we are proud to have built a trusted and inclusive mobile wallet in Singapore. As it enters its next phase with Western Union, we are confident that its strong local foundation, combined with Western Union’s global scale, will unlock greater value for customers,” says Gilbert Chuah, head of Financial & lifestyle Services for International Digital Services at Singtel.
