OCBC Bank will become the first Singapore bank and the second regional bank to join Singtel’s VIA mobile payment alliance, allowing the bank’s customers to make QR code payments while traveling in Thailand and Japan, Singtel said in a press release on its website Monday.
Under the program, OCBC’s customers will be able to use the OCBC Pay Anyone app to make payments in Singapore dollars with competitive exchange rates, Singtel said.
“Our partnership with OCBC comes from a shared vision to offer a seamless payment experience that caters to the needs of consumers and drive the growth momentum for cross-border mobile payments in Asia,” Arthur Lang, CEO of Singtel’s international group, said in the statement.
Ching Wei Hong, OCBC’s chief operating officer, said the tie-up was part of the bank’s plan to drive digital payment adoption by its customers.
“Customers will have the ability to travel overseas and use OCBC Pay Anyone at over 1.7 million merchants’ acceptance points, reducing their need to carry cash,” Ching said in the statement. “As Singtel’s VIA network expands and scales, so will the number of places our customers will be able to use the OCBC Pay Anyone app to pay for purchases without incurring hefty FX exchange rates overseas.”
Starting from next month, OCBC’s customers in Singapore will be able to update their Singtel Dash accounts with Pay Anyone integrated on the Dash app, the filing said.
Currently, the VIA alliance, whaic aims to create an Asia Pacific interoperable payment network, has Singtel’s Dash, AIS Global Pay and Netstars among the alliance members and will add Thailand’s Kasikornbank’s K Plus, Axiata’s Digital’s Boost Malaysia and Indonesia’s LinkAja, the statement said.
Once the additions are completed, the alliance will reach around 50 million customers and 2.1 million merchants across Singapore, Thailand, Malaysia, Indonesia and Japan, the statement said.