Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on July 24, 2018

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd has enhanced its banking mobile app for corporates to now allow them to make payments and grant authorisations while on the go.

Last year, OCBC Bank became the first foreign bank in the country to introduce a business mobile banking app with biometric authentication to allow iPhone users instant access to their account balances and to check the status of incoming and outgoing funds. This service has since become available to Samsung mobile device users as well.

OCBC Bank head of global transaction banking Chong Lee Ying said the move to allow payments and authorisations is in line with the bank’s commitment to digital innovation and the quest to make its products and services simple, fast and convenient for business banking customers.

“With this, customers can now perform fund transfers and authorise transactions from their mobile devices any time, anywhere. It is all falling into place and we are excited about the journey ahead with several more features in the pipeline and ready to be rolled out in the next few months,” she said in a statement yesterday.

“E-payments have now moved forward significantly with mobile phone applications, and OCBC Bank will continue to make digital banking even easier and more accessible to our customers, in line with Bank Negara Malaysia’s goal for the country to become a cashless society by 2020,” she added.

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