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DBS extends Friday S$3 PayLah! hawker cashback programme until July 2024
DBS' 5 Million Hawker Meals scheme will be extended for six months until 26 July 2024.
SINGAPORE – DBS bank announced on Wednesday (17 January) that it will extend its 5 Million Hawker Meals scheme for six months until 26 July 2024.
The programme, which was previously slated to end on 19 January, offers users cashback of up to S$3 if they are among the first 100,000 to use the PayLah! app to scan and pay for their meals every Friday at over 11,600 hawker stalls islandwide. The scheme now aims to subsidise a total of 7.5 million hawker meals over 18 months,
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In a statement, DBS said the decision to extend the scheme was to "ease Singaporeans and residents' cost of living pressures, and is in line with the government's focus on doing the same".
DBS noted that while core inflation and hawker food inflation slowed in November 2023 compared to a year ago, the latter remained sticky at 4.3 per cent year-on-year. "In addition, consumers expect a slight negative impact on Singapore's economic growth over the next 12 months given uncertainties stemming from geopolitical conflicts and strategic tensions, global growth prospects, and general cost-of-living pressures, among others. They also expect their overall expenses to increase slightly over the same period," the bank said.
Close to five million hawker meal subsidies have been redeemed since DBS launched the 5 Million Hawker Meals scheme in February 2023. Among those who redeemed the subsidies, 33 per cent are senior citizens and/or earning less than S$2,500 a month.
Most popular redemptions spots for DBS' hawker cashback programme
The three most popular hawker centres where redemptions were made were:
Amoy Street Food Centre
Pasar 216 Bedok Central
Boon Lay Place Food Village
The top three most popular hawker stalls were:
Hup Lee Cooked Food at Toa Payoh West Market & Food Centre
Tian Bo Shui Kueh Pte Ltd at 84 Marine Parade Central Hawker Centre
Hawstar at Kampung Admiralty Hawker Centre
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