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

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.
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
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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.

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A version of this article appeared in the print edition of The Straits Times on January 24, 2019, with the headline Scan QR code from DBS to give and receive hongbao. Subscribe