Green Link Digital Bank donates $50,000 to ST School Pocket Money Fund

01 July 2024


SINGAPORE – Green Link Digital Bank has pledged $50,000 to The Straits Times School Pocket Money Fund (STSPMF).

The bank made the pledge as it celebrated its second anniversary on June 28, STSPMF said in a statement on July 1.

STSPMF is a community project by The Straits Times that provides pocket money to children from low-income families to help them through school. Every month, primary school pupils, secondary school and post-secondary school students will receive $65, $100 and $125, respectively, from the fund.

Since its inception in 2000, the fund has disbursed over $100 million to more than 220,000 children and young people.

Green Link Digital Bank chief executive officer Melvin Teo said the bank chose to partner STSPMF so that it could reach out to a different segment in society.

Mr Teo said: “The children can use this money for school-related expenses, such as buying a meal during recess, paying for transport, or using it to meet other schooling needs.

“This financial assistance eases the burden of parents who may be struggling to make ends meet.”

The STSPMF statement said the donation aligns with the bank’s mission “to empower and uplift communities, particularly focusing on the welfare and development of children”.

STSPMF general manager Lau Hui Ling said: “We are heartened to have partners like Green Link Digital Bank who share a common vision with us to give every child a promising future.”

The Straits Times © SPH Media. Reproduced with permission.



[email protected] The Straits Times School Pocket Money Fund
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News Centre
Singapore 318994