DBS Pledges S$10 Million in Cashback to Ease Consumer Cost Pressures

DBS Bank is launching a S$10 million cashback initiative for its cardholders and DBS PayLah users from August to September. The program aims to help consumers offset the rising costs of daily necessities like groceries and food.

Over three million cashback redemptions will be available. This includes S$3 cashback every Saturday at hawker stalls and local shops. Specific redemption details will be released in July.

In parallel, DBS is enhancing its Spark GenAI program to offer tailored AI readiness support and training for small and medium enterprises (SMEs). This program includes complimentary workshops and access to a global network of solution providers via IMDA's Open Innovation Platform. DBS has also published an 'Implementing AI for Impact' playbook to guide SMEs in adopting AI technologies.