DBS Remit enables Singapore residents to transfer directly to WeChat Pay wallets

DBS announced on June 5 that Singapore residents, permanent residents, and foreigners in Singapore can now use DBS Remit to top up WeChat Pay (Weixin Pay) wallets almost instantly. Since the bank first launched a WeChat Pay remittance service in February 2026, the number of customers using the feature has quadrupled, transaction volumes have increased eightfold, and average transfer amounts have risen to over S$800. Under WeChat's User Service Agreement, wallet balances can only be withdrawn to bank accounts in China and cannot be transferred back to Singapore accounts.