OCBC users in Singapore can now transfer funds directly to eight major digital wallets across Indonesia, Malaysia, the Philippines and Vietnam.
This brings the bank’s pay-to-wallet feature to ten wallets, following last year’s addition of Weixin Pay and Alipay.
The expansion is part of OCBC’s partnership with Visa, which began in 2024 to enhance cross-border payments. Transfers to the new wallets are near instant and fee free.
Supported services include Coins, GCash and PayMaya in the Philippines, GoPay, LinkAja and Ovo in Indonesia, MoMo in Vietnam and Touch ’n Go in Malaysia.
Together with the two Chinese wallets, these platforms serve up to 2.72 billion users.
The service is powered by Visa Direct, which connects to nearly 11 billion endpoints worldwide.
Sunny Quek, Head of Global Consumer Financial Services, OCBC said,
“When we launched pay-to-wallet transfers last year, we promised to go beyond China and we have since delivered. By connecting OCBC accounts to eight of Southeast Asia’s most popular wallets, we are removing friction from cross-border payments and making remittances faster, cheaper and more inclusive.
We’re not stopping here – our long-term goal is to connect customers to 50 digital wallets worldwide, giving them the most comprehensive wallet access of any banking app.”
OCBC said the expanded coverage aims to improve the speed, cost and accessibility of remittances, particularly for Singapore’s 1.6 million foreign workers, many of whom still rely on slower or costlier channels.
With pay-to-wallet transfers, senders or employers can move money directly to a recipient’s digital wallet without needing a bank account or a branch visit.
Adeline Kim, Visa Country Manager for Singapore & Brunei, said,
“Our latest Visa International Remittances report shows that nearly six in ten Singaporean remittance users plan to maintain or increase the amount they send overseas this year—a testament to the resilience and digital maturity of Singapore’s financial landscape.
Our expanded partnership with OCBC enables us to connect additional digital wallets across Southeast Asia, empowering customers to send money quickly, securely, and conveniently. We look forward to extending our reach to more wallet partners in the near future.”
Since launching transfers to Chinese wallets last year, OCBC has processed more than S$60 million through the service.
The bank said transfers to China have grown fourfold and that many users have not visited a branch recently, with working professionals making up most early adopters.
