By Mohammed Waseem
Singapore is a rapidly developing country with a lot of multinational companies having offices there. Investments from foreigners are also easy there, which makes the development rate higher. Paying bills is also easy with electronic payment in place. DBS Bank, a Singapore based bank offers bill pay service with their online banking. The bank has its operations in Hong Kong, China, Taiwan and Indonesia as well. They have over 250 branches in 17 markets.
In Singapore, DBS Bank has partnered with over 150 corporations for enabling customer to pay bills online. All of the billers are supported for payment by internet banking and phone banking and some of them by personal banking. Some of them are also supported for payment by ATM as well. The list of supported billers can be accessed here. If customers don’t find their biller in the list of supported companies, they can request the bank to add these billers to the list.
Customers can pay bills for utilities, telecommunication services, taxes and much more, all from their online banking account. Payment can also be made through participating organizations at anytime and anywhere through the on-the-go banking. For promoting this service, DBS Bank is offering 2 Mini Cooper cars and S$30000 in prizes the users of online bill payment could win.
The customer has control over how much has to be paid and when, they can pay at anytime from anywhere. The service is offered free of cost, which is amazing. The service is also available through POS Bank, which was merged with DBS Bank earlier in 1998.
In order to make the payments, one has to have an account with DBS Bank or POS Bank and has to apply for internet banking. Once they have applied and have got an iBanking Account, they can login and click on “Payments”. Then they need to select “Bill Payment: Manage Billing Arrangements”, add a biller and provide the customer reference number to fetch the bill information. At the bank branches, customers need to fill the Bill Payment Arrangement form and submit it over the counter to avail theservice.