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DBS Bank has launched a banking API developer platform that is purportedly the largest by a bank anywhere in the world.
The API platform makes available an array of APIs for other brands, corporates, fintechs and software developers to plug into.
With 155 APIs at launch for Singapore across more than 20 categories such as funds transfers, rewards, PayLah! and real-time payments, the platform will offer the world’s largest number of and most relevant banking APIs for companies, whatever their focus, from fintech to lifestyle to build upon. More categories will be added in response to demand.
More 50 companies including AIG, McDonald’s, MSIG, PropertyGuru, as well as start-ups like Activpass, FoodPanda, Homage, and soCash have already hopped onto the platform to develop solutions that will bring more convenience and value to customers.
For example, McDonald’s is the first fast food chain to offer round-the-clock food delivery services. By making use of DBS’ banking APIs under the PayLah! payments category, McDonald’s introduced the convenience of PayLah! to its McDelivery customer base this year, expanding their cashless payment options.
A McDonald’s spokesperson...