The pay-to-wallet feature on the OCBC app targets remittance pain points, particularly for Singapore’s foreign workers who still rely on slower, more expensive over-the-counter channels. Transfers can be made directly to recipients even if they do not have a bank account.
OCBC Bank has widened its cross-border payments network, allowing customers in Singapore to transfer money directly from their accounts to eight major digital wallets across Indonesia, Malaysia, the Philippines and Vietnam. The move deepens a partnership with Visa that began last year.
The newly added wallets are Coins and GCash in the Philippines, GoPay, LinkAja and Ovo in Indonesia, Momo in Vietnam, PayMaya in the Philippines, and Touch ’n Go in Malaysia. This brings the bank’s supported overseas wallet options to 10, including Weixin Pay and Alipay. Together, the wallets represent up to 2.72 billion users.
