Singapore, 21 April 2022 – To support Singapore’s Smart Nation efforts, DBS, in collaboration with the Government Technology Agency (GovTech), is partnering with the Health Promotion Board (HPB) and NETS to introduce a digital payment feature in HPB’s Healthy 365 mobile app.

Starting Monday, April 25, 2022, Healthy 365 app users can convert their Healthpoints to HPB Credit$ in the app and redeem them at over 500 participating local F&B merchants selling healthier options island-wide by scanning the NETS QR or SG QR code at the merchant via the app. The transaction takes a few seconds.

With this initiative, DBS aims to encourage more merchants, many of whom are SMEs, to go cash and paper free. With this scan-and-pay solution, all sales will be automatically consolidated into a report at the end of each day and the funds received from the transaction will be credited to the merchant’s bank account the next business day. Over 2,500 F&B merchants are expected to be onboarded as participating outlets by the end of March 2023 for HPB Credit$ acceptance.

Lim Soon Chong, Group Head of Global Transaction Services, DBS, said, “It is increasingly relevant for merchants to embrace digital payment methods as the pandemic has significantly boosted the use of wireless payment options. contact. We are pleased to partner with GovTech, Health Promotion Board and NETS to develop the technology infrastructure to bring the scanning and payment solution to life, to provide Healthy 365 app users and participating merchants with a greater convenience in the way they live, work and play.”

Foo Wei Young, Director of Business and Industry Partnerships, HPB, said, “We are delighted that through this partnership with GovTech, DBS and NETS, we are able to enhance our rewards program so that our Healthy 365 users can directly use the rewards they’ve earned on healthier meals at hawker and coffeeshop stalls. These stalls, which are part of our healthier dining program, offer healthier options such as complete meals and low-sugar beverages, which users can now easily spend their rewards on simply by converting their Healthpoints into HPB Credit$.”

Steven Koh, Director, Government Digital Services, GovTech, said, “We are pleased that this new app for GovWallet – where Healthy 365 app users can convert their Healthpoints into HPB Credit$ – brings greater ease and convenience. to our citizens. GovWallet also enables us to help government agencies disburse money and credit to citizens, allowing them to partner with local banks and leverage their electronic payment infrastructure, as well as personalize the list of merchants with whom citizens can use their payments securely and conveniently. way.”

Lawrence Chan, Group Managing Director, NETS (Network for Electronic Transfers), said, “We are proud to partner with DBS, GovTech and Health Promotion Board on this significant initiative. More and more merchants are adopting QR as a means of payment and its use has accelerated. significantly over the past two years across NETS’ vast network of traders. As Singapore progresses towards a smart nation, we are committed to increasing our points of acceptance and remaining focused on ensuring the best user experience at the point of sale.

Cho Ai Min, 3rd generation owner of Cho Kee Noodle at Old Airport Food Center, said, “We are thrilled to be an early adopter of this QR scanning and payment solution, as it will offer our customers more convenience and help. to further develop our customer base. The solution also reduces the volume of cash we handle daily and the frequency of visits to a bank branch to deposit our earnings. »

Cindy See Seow Hwee, DBS customer and regular user of the Healthy 365 app, said, “As a Healthy 365 user for a few years, I am looking forward to this latest feature which allows me to convert my Healthpoints into digital credits that I can use to treat my family to healthier foods from participating merchants.”

Supporting the digitalization of companies

To support the digital transformation of businesses in Singapore, DBS works closely with its corporate clients, especially SMEs, to encourage their transition to digital payment options and keep abreast of the latest measures to combat digital scams. In 2021, the bank engaged 13,000 SME customers in digital workshops from July to September alone.

Adoption rates of DBS digital payment solutions, such as DBS MAX, the bank’s mobile-based QR payment collection solution, launched in 2018 to help SMBs and large enterprises receive payments digitally and instantly by real time, also continue to increase. notification. In 2021, DBS MAX trading volumes increased by nearly 300% year-over-year. The bank also saw a surge in PayNow Corporate registrations, with more than a third of Singapore’s PayNow Corporate registrations market share and the industry’s largest market share in terms of transaction volumes.

Thanks to these collective efforts, 97% of payment transactions made by DBS corporate clients were done digitally in 2021.


About DBS

DBS is a leading financial services group in Asia, present in 18 markets. Headquartered and listed in Singapore, DBS is present in all three major Asian growth areas: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognized for its global leadership, DBS has been named “The best bank in the world” by Euromoney, “World Bank of the Year“by The Banker and”best bank in the worldby Global Finance. The bank is at the forefront of using digital technology to shape the future of banking, having been named “The best digital bank in the world“by Euromoney and the world”The most innovative in digital bankingby The Banker. Additionally, DBS was granted the “Asia’s Safest Bank” Award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS offers a full range of services in the field of personal, SME and corporate banking. As a bank born and raised in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with its customers and positively impacting communities by supporting social enterprises, as it does its banking the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and a focus on engaging and empowering its people, DBS presents exciting career opportunities. For more information, please


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