Fintech

Google Pay's P2P Funds Transfer Service Now In S'pore - Currently Available To OCBC Users

Singapore is the third nation after India and the United States to launch Google Pay’s peer-to-peer (P2P) funds transfer option, thanks to OCBC Bank.

OCBC Bank will be the first bank in Singapore to integrate Google Pay with PayNow, the popular P2P payments service backed by the banks in Singapore.

This means that OCBC customers can now transfer or receive payments directly from their bank accounts to or from anyone registered to PayNow using the Google Pay app.

The Google Pay P2P service has a daily transfer limit of S$1,000.

According to Google Pay, it is looking at adding more banks such as DBS and Standard Chartered to the line-up.

Featured Image Credit: Droid Life and CapitaLand

 

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