Maybank Singapore launches mobile transaction app
Local banks are not resting on their laurels when it comes to online transactions.
Maybank Singapore has launched a new service that allows its customers to transfer or collect money through their mobile phones.
Customers can use Maybank Mobile Money to pay, for instance, online purchases.
All they need is a smartphone with a Maybank app.
The free service also reduces the reliance on cash or cheques among Singaporeans.
It also protects data privacy such as bank account details which are not required for this service.
Maybank said each transaction comes with a personal identification number (PIN) to ensure security.
The money receiver will have to obtain a PIN from the sender to get the funds transferred to their account.
By making the request for a PIN, the sender will ensure that the money is going to the correct party.
~News courtesy of Channel Newsasia~
Local banks are not resting on their laurels when it comes to online transactions.
Maybank Singapore has launched a new service that allows its customers to transfer or collect money through their mobile phones.
Customers can use Maybank Mobile Money to pay, for instance, online purchases.
All they need is a smartphone with a Maybank app.
The free service also reduces the reliance on cash or cheques among Singaporeans.
It also protects data privacy such as bank account details which are not required for this service.
Maybank said each transaction comes with a personal identification number (PIN) to ensure security.
The money receiver will have to obtain a PIN from the sender to get the funds transferred to their account.
By making the request for a PIN, the sender will ensure that the money is going to the correct party.
~News courtesy of Channel Newsasia~
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