Carousell unveils mobile wallet CarouPay powered by DBS, Stripe, VisaMonday June 25th, 2018
CAROUSELL, which operates an online marketplace, on Wednesday announced the launch of its long-awaited mobile payment service, CarouPay, which will allow users to make payments to sellers without using third-party fund transfer platforms or meet-ups.
An “integrated payment system”, CarouPay is developed in partnership with three players: DBS, Stripe and Visa.
With CarouPay, buyers will now be able to pay sellers directly within the app using DBS PayLah! (DBS’s mobile wallet) or credit and debit cards.
The Business Times has learnt that the credit and debit cards are not limited to those issued by DBS/POSB, even as DBS is a partner of Carousell, a development that BT reported in May.
To use CarouPay, sellers must first enable the service as a payment option when listing their items. This allows them to reach more buyers who prefer to transact online, said Carousell.