Following last year’s launch of the DBS QR Gift (then introduced as DBS QR Ang Bao), the world’s first loadable QR solution, DBS is back this Chinese New Year (CNY) with an enhanced version, boasting new features that deliver greater convenience and ease of use to customers.


First piloted during CNY 2019, DBS’ pioneering solution enabled users to ‘load’ desired cash values onto unique QR codes via DBS PayLah!, one of Singapore’s most popular mobile payment platforms with some 1.6 million users.

With the dual objective of eliminating the use of cash whilst preserving the tradition of exchanging physical red packets, the DBS QR Gift was well received by the public, with over SGD 1.5 million loaded onto DBS QR Gift cards during the CNY 2019 period.

The acceptance of digital alternatives for gifting is also reflected in the growing use of DBS PayLah!’s eGifts (previously known as eAng Baos). eGift usage has been rising steadily year-on-year since they were first introduced in 2015 – the total number of eGifts sent during CNY 2019 was almost double that of CNY 2018. CNY 2019 also saw double the average number of eGifts sent per day as compared to CNY 2018.

Enhanced DBS QR Gift with new features

To deliver greater convenience, time savings and festive cheer to consumers this CNY, DBS is rolling out a suite of new features for the DBS QR Gift:

  • DBS PayLah! for teenagers: Teenagers can now access DBS PayLah! with their parents’ consent (the service was previously open only to those aged 16 years and above). This allows youths to redeem DBS QR Gift cards on their own, saving parents the hassle of doing so on their behalf.
  • Open to all PayNow users: Previously exclusive to DBS PayLah!, DBS QR Gift cards can now be redeemed by both DBS PayLah! and PayNow users. All Singapore bank account holders with SingPass and a PayNow-linked bank account can now conveniently scan and redeem funds from DBS QR Gift cards and have the loaded value credited directly into their accounts.
  • Bulk-loading: The new bulk-loading feature enables customers to save time by loading up to 10 DBS QR Gift cards at once, instead of having to scan and load each at a time. The 10 DBS QR Gift cards will feature the same loaded cash value, message and animation.
  • New design: The DBS QR Gift is made of environmentally-friendly paper and designed so they can be given out without the use of red packets, with space for users to pen personalised messages for their recipients.

DBS QR Gift cards come in packs of eight and are now available for free at all DBS/POSB full-service branches, DBS Treasures Centres and POSB Pop-up ATMs located island-wide. The DBS QR Gift cards will be valid for use from 9 January 2020 to 21 February 2020; funds not redeemed by 21 February 2020 will be refunded to the givers.

DBS will also be bringing back its red packet recycling bins, which were first introduced during CNY 2019. Starting 28 January 2020, the recycling bins will be available at all DBS/POSB full-service branches all year round.

Related Read: Where To Donate Your Pre-Loved Toys, Books, Clothes And Home Furniture In Singapore

Customer recycling used DBS QR Gift cards and red packets

Customers are encouraged to play a part in reducing waste by dropping off their used red packets and DBS QR Gifts in these bins. DBS was the first bank in Singapore to launch a dedicated recycling movement for red packets and is partnering Tay Paper Recycling for this initiative.


We have compiled a list of Where to go during Chinese New Year 2020 especially for our readers. Click on the image to read more.

where to go during chinese new year

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