DBS has unveiled Programmable Rewards, a new digital voucher system powered by blockchain technology, accessible through the DBS PayLah! app. This innovative solution allows customers to redeem DBS points for Flexi eVouchers, which can be used at over 40,000 acceptance points across Singapore, thanks to integration with NETS QR. The launch aims to streamline the issuance and management of digital vouchers, enhancing customer experiences and supporting local businesses.
Programmable Rewards is part of DBS Token Services, which combines tokenisation and smart contracts with DBS’ transaction banking services. This system simplifies the creation and scalability of digital voucher programmes, providing issuers direct access to millions of wallet users. The smart contract technology ensures vouchers are automatically verified and settled, offering a seamless experience for both consumers and merchants.
Han Kwee Juan, Group Head of Institutional Banking at DBS, highlighted the platform’s potential: “By integrating our consumer and institutional banking capabilities with smart contracts and blockchain technology, we have created a transformative platform to rapidly launch and scale digital voucher programmes.”
As part of the launch, DBS is offering an SG60 promotion from 1 August to 30 September 2025. Customers redeeming 6,000 DBS Points for a SGD60 DBS Rewards Flexi eVoucher will receive an additional SGD60 cashback. This initiative supports local businesses and celebrates Singapore’s 60th anniversary.
DBS’ Programmable Rewards builds on its involvement in Project Orchid, a Monetary Authority of Singapore-led initiative exploring digital money use cases. This launch marks another step in DBS’ commitment to leveraging digital technology to enhance banking services.
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