Western Union completes acquisition of Singtel’s Dash

This marks Western Union’s very first digital wallet acquisition in the Asia-Pacific region.

Western Union has completed its acquisition of Singcash Pte. Ltd or Dash, a digital wallet previously owned by Singtel.

In a statement, Western Union said it has received all required regulatory approvals for the transaction. The acquisition marks its first wallet in Asia-Pacific.

“By integrating Dash’s established wallet ecosystem in Singapore, Western Union expands its ability to embed cross-border capabilities into everyday financial experiences, connecting customers more seamlessly to its global network spanning more than 200 countries and territories,” a company statement read.

Dash was launched in 2014, with more than 1.4 million users.

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