DBS customers can now use debit cards to pay in 11 currencies
Singapore-based DBS Bank has enabled foreign currency payments with customers' existing debit cards if they hold a multi-currency account with the bank. Customers who sign up for the solution will be able to use their debit cards overseas as well as for web transactions in foreign currencies. DBS has seen a near 30% increase in foreign currency payment volumes with its debit card since 2014, and expects customers will save 7% to 15% in fees with the new payments solution. 

SINGAPORE -- DBS Bank customers can now make foreign currency payments with their existing Visa debit cards if they hold a multi-currency account with the bank. This will allow them to save on fees they will otherwise incur in making overseas transactions with their existing bank cards in Singapore dollars.

Customers who sign up for the new payment solution will have to link their foreign currency account to their debit cards. They will then be able to use the debit card overseas or for web purchases made from overseas companies in the currency they choose.