Singapore's DBS bank to fully phase out physical tokens for digital ones from April 1

The bank started progressively replacing the use of physical tokens with the digital version three years ago. - ST FILE

SINGAPORE (The Straits Times/ANN): DBS customers will no longer be able to use their physical tokens to access mobile and digital banking services from April 1 this year, with the bank to stop issuing the physical tokens on Feb 1.

This means that users will be required to use the bank's digital token, which can be set up via the DBS digital banking app, to authenticate all banking transactions.