OCBC Bank bolsters cashless payment options for customers

OCBC Bank has launched its first standalone OCBC Pay Anyone app, making QR code cashless payments available at about 2,500 NETS terminals. The service will be available with over 1,000 merchants from June 2017. Brands which have already come on board include Zara, Gap and Gardens by the Bay, to name a few.

Customers can pay for purchases by scanning the QR codes on the NETS terminal or printed receipt using the OCBC Pay Anyone app. The app consolidates all OCBC Pay Anyone services and enhancements, including peer-to-peer e-payments and access to OCBC Pay Anyone integrated with Apple iPhone's Siri and iMessage, into a convenient one stop access to e-payments.

With the new app, customers can scan QR codes at participating merchants' NETS terminals to pay for their purchases directly from their OCBC Bank account.

"The launch of QR code cashless payment adds to the suite of OCBC Pay Anyone e-payment services. I believe the pick-up of QR code cashless payments will be strong given the increasing acceptance rate of cashless payments in general over the years," Pranav Seth, OCBC Bank's head of e-business, business transformation and fintech and innovation group, said.

According to the press statement, OCBC Bank customers will also enjoy a SG$10 rebate until 30 June 2017 when they make their first QR code payment via the app at Robinsons, Marks & Spencer, Paradise Classic restaurants or Caltex stations.