Maybank now offers seamless and hassle-free cross-border digital banking services between Malaysia and Singapore with new added features in its digital applications.
The bank is introducing the Maybank Overseas Transfer service and Regional View feature on its digital banking platforms for customers. The Maybank Overseas Transfer is an instant online cross-border funds transfer service for Maybank Singapore’s retail and small and medium enterprise customers offering competitive exchange rates to over 50 DuitNow participating banks and non-financial institutions such as Touch ‘n Go eWallet in Malaysia, on the Maybank2u SG app and Maybank2u Online Banking.
For retail customers, this funds transfer service offers the benefits of real-time and instant overseas transfers to any banks in Singapore via Maybank Malaysia’s MAE app and Maybank2u website, providing greater convenience and access to a
a wider selection of Singapore banks via MEPS.
Dr John Lee, Country CEO and CEO of Maybank Singapore said that the Bank has been leveraging the Group’s digital capabilities and extensive network to provide a diverse range of cross-border services to both Singaporeans and Malaysians.
SME owners, on the other hand, can streamline their business operations with cross-border funds transfers to their vendors or credit salary payments to their employees with ease, without worrying about the lack of cash liquidity or delayed payments.
As for the Regional View feature, it is yet another customer-focused digital banking initiative for Maybank Singapore’s retail customers to provide a single view of their Maybank holdings on a single dashboard on the Maybank2u SG (Lite) app and Maybank2u Online Banking. It also facilitates the ease of funds transfer between both country accounts without the need to add a payee once they link their accounts via the respective mobile or online banking platforms.