Forgot Your OCBC Bank Card? You Can Now Withdraw Money With QR Codes

Today, OCBC Bank announced that it will now let customers
withdraw cash at ATMs by scanning a QR code using the OCBC Pay
Anyone app.

In the press release, OCBC Bank reported that while mobile
banking usage has tripled, there are still 3 million cash
withdrawals being made each month at OCBC Bank’s ATMs
– a figure unchanged from last year.

With the new initiative, the process of cash withdrawals will be
also reduced from 80 seconds to under 45 seconds.

Customers will also need to authenticate the transaction
via fingerprint, ‘faceprint’, or mobile banking login
credentials, “a more robust security feature than a PIN
number that can be revealed or stolen”.

Mr Aditya Gupta, Head of Digital Business, Singapore and
Malaysia, OCBC Bank said: “We believe this completely reimagines
a core service for which customers engage with the banks and will
move the needle in making QR code payments mainstream in

To make a QR code cash withdrawal, customers will need to:

Step 1: Click on “Withdraw cash with OCBC
Pay Anyone” on ATM screen

Step 2: Log into OCBC Pay Anyone app

Step 3: Scan the QR code on the ATM screen

Step 4: Select the amount to withdraw or key
in your preferred amount

Step 5: Cash is dispensed from ATM

The service is now available on all OCBC Bank ATMs except 22 new
ATMs which accept both coin and cash deposits.

Also Read All 114 Hawker Centres In S’pore Will Be On Google
Maps From 2020

The post
Forgot Your OCBC Bank Card? You Can Now Withdraw Money With QR
appeared first on Vulcan Post.

Original Article : HERE ; This post was curated & posted using : RealSpecific

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