Future-proofing The Business
In 2018, SIA embarked on a three-year transformation programme to be the world’s leading digital airline, with the aim of enhancing customers’ travel experiences and ensuring the company's long-term competitiveness in a changing operating environment. They have focused on revenue-generation initiatives and enhancements to operational efficiency, among other objectives.
Digital Booking and Payments Platform
SIA and DBS signed a memorandum of understanding (MOU) to enhance digital capabilities across various digital platforms to enable a seamless seamless flight booking and payment experience for passengers.
Improved user experiences introduced under the MOU include:
- flight booking and merchandising capabilities on DBS’ platforms,
- a DBS-SIA Rewards Programme on KrisPay,
- expanded payment options through PayNow, Singapore‘s instant payment system, using API technology.
The MOU aligns with SIA’s move to enhance digital capabilities company-wide, and DBS’ vision to make payments simple and hassle-free for customers through the deployment of integrated digital ecosystems.
The solution underpinning the expansion of payment options encompasses the following payment collection and refund capabilities:
- Real-time PayNow QR collection for online ticket sales
- Integration of PayNow QR into SIA’s website for customers to scan and pay
- Collections credits swept daily as a consolidated entry into SIA’s bank account with DBS
- Inward Credit Notification (ICN) API to provide a real-time system update of ticket purchase information
- Daily transaction reports sent to SIA via the Secure File Transfer Protocol connectivity
- Instant Refund API to streamline online ticket cancellation
- Integration of Refund API into company’s website
- Real-time refunds in the event of a change in customer’s travel plans
- Original transaction information stored for 12 months to support instant refunds
- Daily transaction reports generated via Transaction Enquiry API
- Convenient access to DBS MAX portal to view refund status, manage refunds and generate reports
World’s Leading Digital Airline
The DBS solution makes payments simple and hassle-free for SIA’s customers, and helps SIA to be operationally more efficient with digital collections and refunds, as a result of instant settlement for purchases and ease of account reconciliation.
And with increased adoption of digital payments by SIA customers (as opposed to credit/debit card payments), SIA also enjoys cost savings from the reduction in card-based payments and the associated merchant processing charges.