OCBC activates Google Pay P2P funds transfer service

The app uses PayNow to make real-time transactions.

OCBC has brought Google Pay’s P2P funds transfer service into Singapore, the third country in the world where the service is available, according to a news release.

The Google Pay app uses PayNow to enable an OCBC client to make real-time money transfers to all contacts who have linked their bank accounts to their mobile numbers.

In November 2019, the bank announced its partnership with Google to grant account-to-account PayNow fund transfers using an enhanced version of Google Pay.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.