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OCBC now lets Singaporeans send money instantly and free to eight Southeast Asian digital wallets via Visa Direct.
OCBC has expanded its app to let Singapore customers send money instantly and fee-free to eight Southeast Asian digital wallets—Coins, GCash, GoPay, LinkAja, Momo, Ovo, PayMaya, and Touch ‘n Go—via Visa Direct.
This brings the total to ten connected wallets, including WeChat Pay and Alipay, making the OCBC app the most connected in the region.
The service, aimed at Singapore’s large foreign workforce, enables near-instant transfers without requiring recipients to have bank accounts, supporting financial inclusion.
Since launching last year, OCBC has processed over SGD 60 million in cross-border transfers, with remittances to China up fourfold.
The bank plans to connect to 50 digital wallets globally.
Visa notes nearly 60% of Singaporean users intend to maintain or increase overseas transfers.
OCBC ahora permite a los singapurenses enviar dinero instantáneamente y gratis a ocho carteras digitales del sudeste asiático a través de Visa Direct.