Multi-vertical classified business Carousell set up its own, integrated payment system, called CarouPay, in collaboration with DBS Bank, Stripe, and Visa.

The partnership with those financial institutions enables clients to pay via Carousell’s app using DBS PayLah!, credit, or debit cards (for transactions that now reach tens of thousands every day) and allows users to take $5 U.S. off their first CarouPay purchase with a minimum spend of $20.

DBS is one of the leading financial services groups in Asia. The bank is headquartered and listed in Singapore and has a growing presence in Greater China, Southeast Asia, and South Asia.

The app developed by these players will keep the buyer’s funds and only send them to the seller when the buyer has received the article; in this way, the merchants allow CarouPay as a payment method when listing their goods. After the verification is completed, vendors will be able to receive their payments from the Singaporean classified into their bank accounts, or on their Visa debit cards using Stripe’s Instant Payouts tool.

CarouPay is just one of the many steps forward of this Singaporean classified, which recently gained control of Indonesia-based electronics marketplace Laku6, in a $25 million investment made in conjunction with Heliconia Capital.

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