Monday 5 December 2016 | RSS

 
    Feedback
     
     

    News in brief

    OCBC bank in local and cross-border blockchain payments trial

    News in brief

    Singapore’s OCBC Bank says it has become the first bank in South East Asia to use blockchain technology in national and international payments. A pilot payment transaction took place on 8 November, involving a cross-border funds transfer between OCBC Bank and OCBC Malaysia, and a local funds transfer between OCBC Bank and Bank of Singapore. “This is a milestone not only for us but for Singapore as Asia’s financial hub as we pave the way to revolutionising the traditional cross-border payments model,” says Praveen Raina from OCBC Bank.

    Filed by Email Christopher Brown nfcworld.com Published • Last updated 17 November 2016, 12:10

    More headlines...