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Accept Payments via DBS Bank with Echo Money

Enable customers to pay using DBS Bank, one of the most trusted payment methods in Singapore.

Accept payments through a single API, settle globally, and access local payment rails without building market-specific infrastructure.

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Summary

About DBS Bank

DBS Bank logo

DBS Bank is one of the most widely used payment methods in Singapore, enabling consumers and businesses to send and receive payments through premier electronic bank transfers. It plays an important role in the country's payment ecosystem, offering a familiar and trusted way for customers to complete transactions.

Commanding an estimated market share of 40% of digital transactions with more than 4M+ retail clients, DBS Bank has become a preferred payment option for online purchases, business payments, subscriptions, marketplace transactions, and everyday commerce in Singapore. For businesses looking to expand into Singapore, accepting DBS Bank can help improve checkout conversion rates, increase payment acceptance, and provide a localized payment experience. Through Echo Money, businesses can accept DBS Bank seamlessly, manage settlements, and access local financial infrastructure easily.

At a glance

Payment method snapshot

Payment Method: DBS Bank
Country: 🇸🇬 Singapore
Currency: SGD
Payment Type: Bank Transfer
Consumer Reach: 4M+
Settlement Speed Real-time (PayNow)
Refund Support Yes
Recurring Payments Supported
Chargebacks Applicable
Integration Single API
Start Accepting Payments via DBS Bank

How it works

1

Integrate with Echo Money. Connect to Echo Money through a single API and gain access to 150+ local payment methods including DBS Bank, global payment rails, and stablecoin infrastructure.

2

Enable DBS Bank. Activate DBS Bank for your business and configure how you want to collect, send, or settle payments in Singapore without managing multiple local providers.

3

Start Accepting and Sending Payments. Your customers can immediately begin paying through DBS Bank via a fully white-labelled experience, while you collect funds, process payouts, and move money seamlessly.

4

Scale with Built-In Compliance. Echo Money handles compliance requirements, including KYC, KYB, transaction monitoring, and payment operations, helping your business expand into Singapore without the complexity of managing local payment infrastructure.

Benefits for Businesses Accepting DBS Bank in Singapore

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Increase Conversion Rates with a Familiar Checkout Experience

Customers in Singapore are more likely to complete a purchase when they see payment methods they already know and trust. By offering DBS Bank through Echo Money, businesses can create a more localized payment experience, reduce friction during the payment journey, and improve overall conversion rates.

Improve Payment Success Rates

Many local payment methods, including DBS Bank, are deeply integrated into the financial ecosystem of Singapore. As a result, they can deliver higher payment acceptance rates compared to international cards that may face issuer declines, authentication issues, or cross-border restrictions.

Reach More Customers in Singapore

Not every customer in Singapore prefers to pay with a credit card. Depending on the market, consumers may rely on local bank transfers, digital wallets, QR payments, or domestic payment networks. By supporting DBS Bank, businesses can access a broader customer base and provide payment options that align with local preferences and purchasing behaviour.

Reduce Cross-Border Complexity

Expanding into Singapore often requires businesses to navigate local banking infrastructure, payment providers, and settlement processes. Echo Money simplifies this by enabling businesses to accept DBS Bank through a single integration, removing the need to manage multiple local payment partners while still delivering a localized payment experience.

Build Trust with Local Customers

Trust plays a major role in online payments. Customers are often more comfortable completing a transaction when they recognize the payment method being offered. Because DBS Bank is widely used in Singapore, displaying it at checkout can help strengthen customer confidence, reduce hesitation, and create a more familiar payment experience.

Future-Proof Your Payment Strategy

Payment preferences evolve over time, but businesses that offer locally preferred payment methods are often better positioned to adapt to changing customer expectations. By supporting DBS Bank through Echo Money, companies can build a payment stack that combines local payment acceptance, global reach, and modern settlement infrastructure.

Who uses DBS Bank in Singapore?

Businesses across industries use DBS Bank to offer a more localized payment experience and improve payment performance in Singapore.

E-commerce Platforms use DBS Bank to increase checkout conversion rates and reduce payment friction.

Marketplaces rely on DBS Bank to collect payments from buyers while supporting efficient seller payouts.

Gaming & Digital Businesses leverage DBS Bank to improve payment acceptance rates and support seamless in-app purchases.

Travel, Fintech, and Global Merchants use DBS Bank to collect local payments in Singapore without building country-specific payment infrastructure.

SaaS Companies collecting recurring payments use DBS Bank to reach customers in Singapore through familiar and trusted payment methods.

Why do businesses use Echo Money for DBS Bank?

Echo Money brings DBS Bank and 150+ local payment methods into a single platform. With one integration, businesses can

  • streamline payment operations,
  • access faster transaction confirmation, improve settlement efficiency, and
  • scale across markets with built-in compliance and global settlement infrastructure.

Single Integration

Enable DBS Bank through a single API and manage collections, payouts, and settlement alongside 150+ local payment methods.

Built-in Compliance

Accept DBS Bank with built-in KYC, KYB, transaction monitoring, and compliance controls designed for cross-border payment operations.

Global Settlement

Collect funds through DBS Bank and settle in local currencies, major global currencies, or stablecoins through a unified settlement infrastructure.

White-label experience

Offer DBS Bank through a fully branded payment experience while Echo Money powers the infrastructure behind the scenes.

FAQs

DBS Bank is a widely used payment method in Singapore that enables consumers and businesses to move money securely through local payment infrastructure.

Start accepting DBS Bank payments today

Connect to DBS Bank through Echo Money and give customers a payment experience they already know and trust.

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