SINGAPORE - Telco Singtel has launched a new version of their mobile payment app, Dash, which now allows users from more banks to top up their account balance.

Dash lets users to pay for buses, trains and taxi rides, online and retail purchases, and also transfer money to other users. Previously, users needed a Standard Chartered bank account to link to the app, but the updated app launched on Tuesday (May 10) now works with accounts from Citibank, DBS, OCBC, POSB and UOB.

"We are excited to enhance our payment ecosystem with everyday services such as transit, and end-to-end security features," said Singtel's vice-president of mobile commerce, Ms Gan Siok Hoon.

The new Dash app will also allow users to remit money to four countries: China, India, Indonesia and the Philippines.

On Tuesday (May 10), Singtel also released a NFC (near field communications)-enabled SIM card. Users can use Dash to top up their NFC SIM card from their phones, including Singtel's new transit NFC card.

The transit NFC SIM allows users to use their phones like an ez-link card to tap onto buses and trains.

However, only NFC-compatible phones, such as several models from LG, Samsung and Sony, allow users to do so.