DBS changed its Mutiplier plan

[jetblack]

U dunno how to read?
Clearly stated INCOME and transactions

"Total eligible transactions per month"

 

[reddevil0728]

U dunno how to read?
Clearly stated INCOME and transactions

You chose to do selective reading?

 

[jetblack]

lol
Now i know why man u lost

You chose to do selective reading?

 

[reddevil0728]

lol
Now i know why man u lost

hmmmm got anything to do with DBS? sounds irrelevant.

 

[jetblack]

U won't understand
Have a great day

 

[reddevil0728]

U won't understand
Have a great day

doubt you will also. so no diff.

 

[jetblack]

U know if your income is $20k and loan repayment $10k u already hit max tier

Card spend, investment and insurance can be just 1 cent

doubt you will also. so no diff.

 

[reddevil0728]

U know if your income is $20k and loan repayment $10k u already hit max tier

Card spend, investment and insurance can be just 1 cent

I do. i am just saying they call it "transactions". every cent from your salary, every cent from your loan repayment, every cent from purchase of insurance, every cent from investment count towards this 30k in "transactions".

Did you see where "Total eligible transactions per month" is located? top left hand corner above the different bands.

 

[jetblack]

Your picture also got red and white circles which shows clearly income vs txns, as denoted below

 

[reddevil0728]

Your picture also got red and white circles which shows clearly income vs txns, as denoted below

yes, but it doesn't change the fact that "Total eligible transactions per month" is the header of the different bands.

 

[jetblack]

It's just a technicality. Clearly income and loan are not typical transactions that we normally associate with spendings. In fact real spendings can be even be $0

yes, but it doesn't change the fact that "Total eligible transactions per month" is the header of the different bands.

 

[reddevil0728]

It's just a technicality. Clearly income and loan are not typical transactions that we normally associate with spendings. In fact real spendings can be even be $0

Well DBS is using "transaction" loosely. but if you think about it. receiving salary is a form of a "transaction". you offer your time to work and your employer pays you. so as much as it is a technicality, i don't see anything wrong with it especially when that's how DBS is using it also

 

[jetblack]

Dividend is a passive income
And Loan is a different thing

Well DBS is using "transaction" loosely. but if you think about it. receiving salary is a form of a "transaction". you offer your time to work and your employer pays you. so as much as it is a technicality, i don't see anything wrong with it especially when that's how DBS is using it also

 

[reddevil0728]

Dividend is a passive income
And Loan is a different thing

Don’t understand what your point is and that’s besides the point.

DBS used the term “transaction” to describe the value. So that’s that.

 

[demoforce1]

is paylah count on top of cc spend?

 

[cassowary18]

is paylah count on top of cc spend?

No. 10char

 

[lousylah]

On the topic of digital bank, HK provides a glimpse for SG market:

https://asia.nikkei.com/Business/Bu...ups-lead-region-s-charge-into-virtual-banking

Digital banks have some major advantages over the retail banks in term of expenditure, and some of the savings will be passed on to consumers.

- No need for physical stores and ATMS (no rental, maintainence, staff, etc).
- If everything is online, some of low value work can be done though oversea contract staffs which is cheaper.
- Emphasis of mobile payment and online banking, integrate insurance and others (Grab is planning to do that). Technically also bypass insurance agents fees, master & VISA, etc.

If you compare the interest rate of retail vs online banks in USA, it is can be at least 1% more in difference.

There is some increasing free rider issue for the retail banks. I could ride on ATM of retail banks by putting a minimum amount but I park the bulk of $$ in online banks. This is already happening with CIMB saver, BOC, etc. These banks do not have enough ATM for decent usage and ppl will ride on local banks ATM.

Digital banks are not magicians. Interests don’t come from the air.

What products are digital banks going to push to pay for interests?

It is very easy to collect deposits as long as you pay higher interests. But how does a bank earn income to pay interests on deposit is the question.

Currently there is no liquid safe instrument paying 2%.

How SingLife and the alike achieve higher interest is through term mismatch.

 

[fr33d0m]

On the topic of digital bank, HK provides a glimpse for SG market:

https://asia.nikkei.com/Business/Bu...ups-lead-region-s-charge-into-virtual-banking

it is so called regulatory arbitrage.

I really would like to see any of the digital banks reach the size of the "big" 3 and see how they can offer anything, but market interest rate.

 

[reddevil0728]

it is so called regulatory arbitrage.

I really would like to see any of the digital banks reach the size of the "big" 3 and see how they can offer anything, but market interest rate.

When reach steady state unlikely lor.
Look at the telcos.

But in the early days why not.

 

[lousylah]

it is so called regulatory arbitrage.

I really would like to see any of the digital banks reach the size of the "big" 3 and see how they can offer anything, but market interest rate.

I dont think the intention of MAS (or anyone) is for any of the digibanks to disrupt and displace any of our big 3 - its a big systemic issue if it does.

Our big 3 each has balance sheets in the billions, digibanks are probably targeting millions or tens of millions at best.

Its perhaps a test if a pure digital and lean setup e.g. 100 staff (or less), minimal real estate (and physical security) cost due to no branch/no atm, QR based POS (stickers rather than card reading terminals), etc can mean more savings to customers (loans, deposits perhaps fx and investments even) and overall efficiency gains.

The most successful (read disruptive) digital finance case study currently (anywhere in the world) is probably Ant Financial thanks to its superapp but also the uneven playing field (not heavily regular like a bank). China domestic retail market is also massive.

Successes in other markets for non-traditional banking like m-pesa wallet in africa and paytm in india are mainly due to the structural landscape of those markets (mobile phones > bank a/cs)