DBS/POSB announces that it will subsidise five million hawker meals over the next 12 months, as inflationary pressures continue to drive up food prices.
From 10 February 2023 to 19 January 2024, you will be able to enjoy a subsidy of SGD 3 when you use DBS PayLah! to scan and pay for your meals – capped at the first 100,000 users every Friday at any of the 11,600 SGQR-enabled hawker stalls island-wide.
Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, Indranee Rajah, joined DBS staff and SG Digital Office digital ambassadors at Tiong Bahru Market this morning to raise awareness of the ‘DBS 5 Million Hawker Meals’ initiative. They met hawkers who have adopted digital payments and interacted with participants at a pop-up digital literacy workshop onsite.
Sharing in the Lunar New Year festivities, they also distributed red packets and oranges to the participants.
The ‘DBS 5 Million Hawker Meals’ initiative is the latest in a series of initiatives by DBS/POSB to support the community’s needs.
Last November, the DBS Foundation announced that it will contribute SGD 500,000, which totals up to SGD 1 million with the government’s dollar-for-dollar matching, to the DfL fund to support digital inclusion projects and step up its volunteer participation to drive digital literacy training. The effort aims to reach out to some 100,000 Singaporeans by end 2024, including senior citizens, youths, hawkers, and special needs individuals.
The bank also launched the DBS Adopt-A-Hawker Centre initiative in 2021 with the aim of safeguarding hawkers’ livelihoods amid the pandemic. The bank worked with IMDA to rally community partners and various grassroot leaders to:
- help sustain these businesses by organising group buys
- boosting discoverability via social media and other platforms including DBS PayLah!
- equipping hawkers with the tools and know-how to digitalise their business
To date, stallholders from ten hawker centres island-wide have benefited from this initiative.