OCBC Bank introduces QR code cash withdrawals to customers

QR Code cash withdrawals - ATM money

Customers of Singapore’s OCBC Bank can now withdraw money using QR Codes. OCBC Bank customers can now make QR code cash withdrawals at OCBC ATM machines. By simply scanning a code with their phone, they can withdraw cash without having to use an ATM card or PIN. This new system offers better security to bank customers. In order to make QR code cash withdrawals, customer will need OCBC’s Pay Anyone app. Using the app, they can scan a quick response code displayed on the screen of the ATM. After scanning…

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Singapore Life QR codes allow customers to pay premiums and renew policies instantly

Singapore Life QR codes - Scanning QR code with phone

Singapore Life has partnered with DBS to launch a first-of-its kind QR code in Singapore. Singapore Life QR codes are Singapore’s first-in market dynamically embedded quick response codes that enable customers of the city-state’s leading fintech company and life insurer to pay their premiums as well as have their policies issued or renewed immediately. More than just a simple QR code. The Singapore Life QR codes are a remittance gateway. The company’s native technology team developed an Inward Credit Confirmation (ICC) Application Programming Interface (API) implemented with the PayNowQR code.…

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DBS Bank launches world’s first QR Ang Bao

pilot DBS QR Ang Bao - DBS YouTube

QR codes makes it easy to give money gifts this Chinese New Year. Those who wish to give electronic money gifts this Chinese New Year in traditional red packets can easily do so with DBS Bank’s new QR Ang Bao. Instead of having to procure new cash for the envelopes, Singaporeans can simply scan, load and gift with DBS PayLah! The unique QR code money gift system combines the best of both the physical and digital worlds. In 2018, eAng Baos (electronic Ang Baos) reached a record number of transactions,…

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SGQR Code launches as a universal QR Code payment in Singapore

SGQR code - Singapore QR Codes - Singapore Flag

The national QR Code allows consumers to scan and transfer funds from 27e e-payment apps. SGQR code is a universal QR code that was recently launched in Singapore to give merchants the ability to accept different cashless payments without having to display multiple quick response codes. The SGQR enables consumers to scan and transfer funds from as many as 27 e-payment applications. SGQR is now ready for commercial roll out. While the fist technical specifications of the SGQR code were first unveiled in November 2017, it is only now ready…

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Singapore Land Transport Authority uses QR code geofencing to control bike parking

QR Code geofencing - Bicycle Sharing

Bike sharing programs are highly popular in the country, leading to new licensing and parking rules. The Singapore Land Transport Authority (LTA) has announced a new QR code geofencing system meant to help control indiscriminate parking of shared bikes. Bicycle sharing programs have spiked in popularity in recent years. A new licensing strategy has been developed and is starting to roll out across the city state. Among the main issues the QR code geofencing is designed to overcome is indiscriminate parking. Shared bicycles have been parked pretty much anywhere they…

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