DBS mobile app removes physical tokens from corporate transactions

DBS Bank has launched a feature in its IDEAL Mobile app that eliminates physical tokens for corporate transactions. Available to both Apple and Android users, DBS says that it is the first Asian bank to offer this integrated service on one mobile platform. It is designed to make banking on the go simpler and more convenient for corporate treasurers and small business owners.

To access the digital token, existing DBS IDEAL users need to download or update the mobile app from the Apple or Google Play store on their phones. As the digital token is integrated into the user’s phone, it is secure, available 24/7 and easier to use. Specifically for iPhone users, the digital token utilises the user’s fingerprint to ensure identity confirmation and conduct secure online transactions. Android users will continue to key in their PIN to carry out transactions. The new service is available to over 140,000 DBS IDEAL and DBS IDEAL Mobile customers across 10 markets.

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