Sending money to a friend using your cellphone has become easier with a new mobile function, launched by OCBC Bank.
Get the full story from The Straits Times.
According to OCBC's website, OCBC Pay Anyone is a feature on its mobile banking app, available in the Apple app store and Google Play.
Users only need their Facebook name, e-mail address or mobile phone number of the friend they want to transfer money to, and need not have to worry about bank account numbers.
They can transfer money instantly to users of the 14 banks participating in the Fast And Secure Transfers (FAST) inter-bank network.
Recipients will get a Facebook, e-mail, or SMS message on how to collect their money.