SINGAPORE – The financial firm previously known as Diners Club Singapore may have dropped off the radar for many consumers, but its new boss has a message: “We still exist.”
“We’re not restarting from scratch, but adopting new revenue streams and working towards a different mission, which is to make credit more accessible to consumers and corporations via new payments products and solutions.” It has also introduced a cryptocurrency payment token named DUS, which is pegged to the United States dollar on a one-to-one ratio.
Diners Club Singapore was founded in Singapore in 1973 as an exclusive franchise of Diners Club International, a United States-based global payments company whose Diners Club card is widely believed to be the world’s first credit card. The co-brand credit cards with Sheng Siong, Don Don Donki and Popular were introduced before the acquisition.
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