DBS AND VIVOCITY LAUNCHES ASIA’S FIRST
INSTANT PARKING REWARDS PROGRAMME
VivoRewards members can now earn Instant Rewards using DBS payment modes when they shop at VivoCity to offset same-day parking charges seamlessly!

Singapore, 18 November 2019 – DBS Bank and VivoCity today announced the official launch of DBS x VivoRewards Instant Rewards Programme, Asia’s first instant earn-and-redeem rewards programme for shopper-drivers.

This strategic partnership sees the addition of a new “Instant Rewards” feature to VivoCity’s existing VivoRewards loyalty programme. DBS customers who link their VivoRewards account to their DBS PayLah! account can now seamlessly earn reward points (REWARD$) instantly for purchases charged to an eligible DBS/POSB payment mode at over 300 participating stores in VivoCity. REWARD$ earned will then be automatically deducted to offset parking charges when members exit the mall carpark in their registered vehicles.

The partnership is designed to bring greater convenience and instant gratification to VivoRewards members, bypassing the usual “Shop, scan, upload” method of in-app receipt submission and the waiting time for REWARD$ to be processed and credited into their account. Now, by tapping onto DBS’ API and technology platforms, VivoCity can process eligible transaction information in real-time, calculate and award REWARD$ instantly – which increases the programme’s efficiency and accuracy.

“As Singapore’s leading consumer bank, we work closely with merchants across Singapore to optimise their payments journey. With our focus on using digital technologies to perfect customer experiences, we are able to work with our partners to co-create seamless and hassle-free experiences for their customers across multiple touchpoints,” said Jeremy Soo, Head of DBS Consumer Banking Group (Singapore). “We are glad to have found a like-minded partner in VivoCity, an organisation that embraces innovation to the benefit of customers. It’s long been a bugbear for customers, having to collect receipts and wait for days before parking rebates are processed in a typical mall. We’ve been able to achieve a new payments milestone by eliminating this process altogether, so customers are able to receive rebates instantly and can focus on enjoying themselves at the mall.”

“The introduction of DBS x VivoRewards Instant Rewards Programme is part of our ongoing efforts to give our shoppers a seamless and enjoyable shopping experience at VivoCity. By eliminating the waiting time needed to receive their REWARD$, our shoppers will be able to instantly reap the benefits from shopping at our mall effortlessly,” says Ms Charissa Wong, Head of Retail Management, Mapletree Commercial Property Management. “Our objectives are aligned with DBS’ clear-sighted focus in driving innovation in this age of digital disruption and with them, we strive to look at more ways to leverage and expand our digital touchpoints to improve efficiencies and delight our shoppers in VivoCity.”

How it works
Registration to DBS x VivoRewards Instant Rewards Programme is a one-time process made available via DBS PayLah! mobile app and the VivoCity SG mobile app, which requires linking of the member’s DBS PayLah! account and VivoRewards account.

Customers who are new to the VivoRewards loyalty programme can sign up via VivoCity SG mobile app or do a one-time registration by logging into their DBS PayLah! account – where upon user consent, the bank will automate the pre-filling of relevant personal details in the sign-up form.

One-Time Registration via DBS PayLah! App

One-Time Registration via VivoCity SG App (existing VivoRewards members)

Marking the launch of DBS x VivoRewards Instant Rewards Programme, DBS and VivoCity are rolling out a two month launch campaign packed with attractive reward incentives, where members can earn up to 5X BONUS REWARD$ when they shop with DBS at VivoCity from 18 November 2019 to 24 January 2020.

• Receive 5 BONUS REWARD$ for the 1^st successful instant rewards transaction.
  * Limited to the first 7,000 members.

• Earn 2X REWARD$ for subsequent successful instant rewards transactions.
  * Capped at 6 BONUS REWARD$ per member per day, limited to the first 10,000 transactions.
  * Excludes transactions made during VivoCity Late Night Shopping event on 20 & 21 Dec 2019.

LATE NIGHT SALE EXCLUSIVE REWARD

• Earn 5X REWARD$ for all successful instant rewards transactions made on 20 & 21 Dec 2019 from 8pm to 1am.
  * Capped at 24 BONUS REWARD$ per member per day, limited to the first 250 transactions.

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For media enquiries, please contact:

Rachel Low (Ms)                    (+65) 6376 9255 / rachel.low@vivocity.com.sg

Amanda Yeo (Ms)                  (+65) 6376 9248 / amanda.yeo@vivocity.com.sg

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About VivoCity

With over 1 million square feet of lettable floor space attracting a diverse mix of over 300 retailers, large event spaces, including an outdoor amphitheatre, a 20,000-square-feet open plaza and a 300 metres long waterfront Promenade, VivoCity is Singapore’s largest and most diverse retail and lifestyle destination designed by world-renowned architect Toyo Ito.  VivoCity is a Mapletree Commercial Trust property.

About Mapletree Commercial Trust

MCT is a Singapore-focused REIT that invests on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, whether wholly or partially, as well as real estate related assets. MCT’s portfolio comprises of VivoCity, Mapletree Business City I, PSA Building, Mapletree Anson, and Bank of America Merrill Lynch HarbourFront. These five assets have a total Net Lettable Area (“NLA”) of 3.9 million square feet valued at S$7,039 billion as at 31 March 2019.

About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for ten consecutive years from 2009 to 2018.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 27,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.