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CARDS & PAYMENTS | Staff Reporter, Singapore
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DBS' PayNow to be integrated in SIA's KrisPay

The firms will also introduce a DBS-SIA point conversion programme via the KrisPay app.

DBS Bank and Singapore Airlines (SIA) have signed a memorandum of understanding (MOU) to introduce flight booking and merchandising capabilities on DBS’ platforms and expand payment options for SIA customers using PayNow, an announcement revealed.

Under the MOU, the two firms will introduce a DBS-SIA programme on KrisPay where KrisFlyer members can convert their DBS points into KrisPay miles via the KrisPay app. Alternatively, KrisPay miles can be converted into KrisFlyer miles within seven days of accrual.

DBS is said to be the first bank partner SIA will connect via API for flight ticket sales and KrisShop. The bank is also set to launch DBS Travel Marketplace which will allow customers to purchase flights, book hotels and buy travel insurance on a single integrated platform.

The initiatives will be rolled out gradually in 2019, beginning with the DBS Travel Marketplace.

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