Scan QR code from DBS to give and receive hongbao
Move comes amid calls by MAS to reduce use of new notes during CNY to minimise wastage
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From tomorrow, DBS will give out red paper printed with a unique QR code. Using the DBS PayLah e-wallet, those giving hongbao can scan the code to indicate the amount, and recipients can scan to redeem it.
PHOTO: DBS
With just over 100,000 e-red packet fund transfers last year, one can hardly envision a cashless Chinese New Year (CNY) in the future.
This year, however, DBS Bank is giving a new tech spin to the e-red packets it introduced a few years ago, hoping that the new face of e-hongbao in the form of a QR code will catch on.
