OCBC is collaborating with Visa to make cross-border fund transfers accessible to more than 50 digital wallets by 2026, starting with Chinese digital wallets Weixin Pay (WeChat Pay) and Alipay. The lender’s customers can now make peer-to-peer cross-border payments...
Over the next two years, OCBC aims to expand this payments service to more digital wallets including Indonesia’s GoPay and Ovo. OCBC is collaborating with Visa to make cross-border fund transfers accessible to more than 50 digital wallets by 2026, starting with Chinese digital wallets Weixin Pay and Alipay.
The process will be near instant and does not incur transfer fees. OCBC pointed out that current transfers take two to five days on average. Over the next two years, it aims to expand this payments service to more digital wallets, including Indonesia’s GoPay and Ovo, and Philippines’ GCash, PayMaya and Coins.
PAYMENT SYSTEMS BANKS AND FINANCIAL INSTITUTIONS
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