OCBC enables payments, authorisations on mobile banking app for businesses

KUALA LUMPUR: In its quest to make banking even simpler, faster and more convenient for its corporate customers, OCBC Bank (Malaysia) Bhd (OCBC Bank) has enhanced its banking mobile app for corporates to now allow them to make payments and grant authorisations while on the go.

Last year, OCBC Bank became the first foreign bank in the country to introduce a business mobile banking app with biometric authentication to allow iPhone users instant access to their account balances and to check the status of incoming and outgoing funds.

This service has since become available to Samsung mobile device users as well.

According to OCBC Bank’s head of Global Transaction Banking Chong Lee Ying, the move to allow payments and authorisations as well is in line with the bank’s commitment to digital innovation and the quest to make its products and services simple, fast and convenient for business banking customers.

“Digitalisation is the base from which our innovations spring, and we are pleased to introduce this payment and transaction enhancement for the benefit of our corporate customers. This is what they been asking for and we are pleased to bring it to them via our OCBC Malaysia Business Mobile Banking app.

“With this, customers can now perform fund transfers and authorise transactions from their mobile devices anytime, anywhere. It is all falling into place and we are excited about the journey ahead with several more features in the pipeline and ready to be rolled out in the next few months,” she said in a statement.

Chong said OCBC Bank customers could now do much more than before in a matter of minutes and this will empower business owners to operate and enhance their businesses while on the go.

“E-payments have now moved forward significantly with mobile phone applications and OCBC Bank will continue to make digital banking even easier and more accessible to our customers, in line with Bank Negara Malaysia’s goal for the country to become a cashless society by 2020,” she added.

OCBC Bank recently received The Best Mobile Initiative, Application or Programme award by The Asian Banker for the OCBC Malaysia Business Mobile Banking App.