SINGAPORE: If you patronise hawker stalls using the DBS PayLah! mobile application, you will soon be able to get S$3 off your meals every Friday over the next year or so.
This move by DBS – which runs from Feb 10 to Jan 19, 2024 – comes as inflation continues to drive up food prices, said DBS in a press statement on Wednesday (Feb 1).
The subsidy is available for the first 100,000 DBS PayLah! users who go to any of the 11,600 hawker stalls across the island that have adopted the SGQR digital payment solution. These stalls include those in hawker centres, coffee shops and JTC industrial canteens.
According to data from the Department of Statistics, food prices rose for the 10th consecutive price last December, with hawker food inflation hitting a 14-year high of 8.1 per cent from a year ago.
Core inflation also remained unchanged at 5.1 per cent year-on-year last December.
DBS Singapore country head Shee Tse Koon said that by subsidising five million hawker meals, the bank is supporting the livelihoods of hawkers “who are an integral part of our daily lives”.
