FAQ: What you need to know about DCS Card Centre and its shift from just a card issuer to a fintech provider

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FAQ: What you need to know about DCS Card Centre and its shift from just a card issuer to a fintech provider
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SINGAPORE: DCS Card Centre, formerly known as Diners Club Singapore, is back in the spotlight following Member of Parliament Tin Pei Ling's announcement on Monday (Oct 2) that she will lead strategic

SINGAPORE: DCS Card Centre, formerly known as Diners Club Singapore, is back in the spotlight following Member of Parliament Tin Pei Ling's announcement on Monday that she willHere is what you need to know about DCS and how it is rebranding itself, after years of losing market share to competitors like American Express, in a bid to meet the changing demands of consumers, merchants and corporations.

In July 2021, Singapore-based electronic payment solutions provider Ezy Net fully acquired Diners Club Singapore from Malaysian investment holding company Johan Holdings for S$103.6 million . The level of competition here presents challenges for DCS Card Centre, and Ms Tin has said that she will help to drive future market expansion in her new role.

Additionally, it will provide card-acquiring services for Alipay, Singapore Quick Response Code and WeChat Pay, and it continues to be the only issuer of Diners Club cards in Singapore. It also now offers cash advances, loans and instant settlement, and there are plans to help companies set up payment-related services.

When stored on its platform, the balance can be used to increase cardholders' spending limits or to make payments for outstanding balances.

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