OCBC Bank launches cashless QR code payments with mobile app

With the new OCBC Pay Anyone app, customers can simply scan QR codes at participating merchants' Nets terminals to pay for their purchases directly from their OCBC Bank account.
With the new OCBC Pay Anyone app, customers can simply scan QR codes at participating merchants' Nets terminals to pay for their purchases directly from their OCBC Bank account.PHOTO: ST FILE

SINGAPORE - OCBC Bank has launched its first stand-alone mobile payments app which makes QR code cashless payments available at close to 2,500 Nets terminals, the company said Tuesday.

The new stand-alone OCBC Pay Anyone app brings together all OCBC Pay Anyone services and enhancements - including peer-to-peer e-payments, QR code payments and access to OCBC Pay Anyone integrated with Apple iPhone's Siri and iMessage - into a fast and easy one-stop access to e-payments.

With the app, customers can simply scan QR codes at participating merchants' Nets terminals to pay for their purchases directly from their OCBC Bank account. Authentication of the transaction will be done through fingerprint recognition.

 The OCBC Pay Anyone app is available for download on the Apple and Google Play mobile app stores.

From June 1, 2017, OCBC Bank customers can pay for purchases at merchants including Robinsons to Zara, Marks & Spencer, Gap, Paradise Classic restaurants, Caltex stations and Gardens by the Bay.

By the end of the year, customers will be able to make QR code payments at more than 50,000 Nets terminals islandwide, the release added.

"It's a war on cash," said Mr Pranav Seth, OCBC Bank's Head of e-Business, Business Transformation and Fintech and Innovation Group. "OCBC Pay Anyone payment volumes have increased 10 times since May last year. Now, we want to bring the same convenience to paying for your regular shopping and meals using QR codes."