CPF with­drawals via Paynow hit $40m in 3 months: OCBC

Singapore Business Review - - NEWS FROM SBR.COM.SG -

Cen­tral Prov­i­dent Fund (CPF) mem­bers used Paynow with­drawals 4,000 times in 2018 which reached to around $40m with­drawals, OCBC re­vealed. bernard liew, whose first Paynow trans­ac­tion is his with­drawal re­quest to CPF, said that he got the money from his ac­count in­stantly. “For peo­ple who may need the money ur­gently, this would be very use­ful,” liew said.

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