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The partnership with Visa makes the OCBC app the most connected banking app in the region with coverage of 10 digital wallets SINGAPORE - Media OutReach Newswire - 20 November 2025 - OCBC customers in Singapore can now transfer money directly from their OCBC bank accounts to eight leading digital wallets across Indonesia, Malaysia, the Philippines, and Vietnam via the OCBC app. This expansion builds on last year's integration of Weixin Pay (WeChat Pay) and Alipay, making the OCBC app Southeast Asia's most connected for wallet payments, with 10 wallets in total. The new connections are part of OCBC's ongoing strategic partnership with Visa, which began in 2024 to enhance cross-border payment capabilities. This feature is expected to significantly benefit Singapore's foreign workforce by simplifying remittances and helping them stay connected with loved ones. With this expanded partnership, OCBC customers can make near-instant, fee-free transfers to Coins (Philippines), GCash (Philippines), GoPay (Indonesia), LinkAja (Indonesia), Momo (Vietnam), Ovo (Indonesia), PayMaya (Philippines), and Touch 'n Go (Malaysia). These wallets, in addition to the two Chinese wallets, collectively represent a total user base of up to 2.72 billion. This pay-to-wallet feature on the OCBC app tackles key remittance challenges – speed, cost, and accessibility – especially for the region's large unbanked population. The foreign workforce in Singapore stand to benefit the most, as many still rely on slower and costlier over-the-counter services, cash agents, or manual bank transfers. With OCBC's app, workers or their employers can send money directly to their home country's wallets, removing the need for recipients to have a bank account or visit a physical location. Since launching the service with Chinese wallets a year ago, OCBC has processed over SGD 60 million in transfers, driving a fourfold increase in cross-border transfers to China, a key market for the bank. Ninety per cent of users have not visited a branch recently, and three-quarters are PMETs, mainly Chinese nationals sending money home. With this expansion, OCBC expects significant adoption among Singapore's 1.6 million-strong foreign workforce. Mr. 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." The OCBC app's pay-to-wallet capabilities are powered by Visa Direct, which provides access to nearly 11 billion endpoints, including 3.5+ billion accounts, 4+ billion cards, and 3.5+ billion digital wallets. "Visa Direct is transforming the way money moves globally. By enabling direct bank-to-wallet transfers across Southeast Asia, we're helping to bridge financial gaps and support the millions of people who rely on remittances for daily needs. 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," said Ms. Adeline Kim, Visa Country Manager for Singapore & Brunei. "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," she added.Hashtag: #VisaThe issuer is solely responsible for the content of this announcement.About OCBCOCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore. The Group's key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 400 branches and representative offices in 19 countries and regions. For more information, please visit www.ocbc.com.About VisaVisa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Business will be running as usual, and customers of PT Bank Commonwealth can continue to conduct banking transactions through the bank's digital channels and all branches. JAKARTA, Indonesia, May 6, 2024 /PRNewswire/ -- PT Bank OCBC NISP Tbk (OCBC) has announced the completion of its acquisition of PT Bank Commonwealth (PTBC). As a result, 100% of PTBC's shares are now fully owned by OCBC effective 1 May 2024. For the time being, PTBC will continue to operate independently until the merger process between OCBC and PTBC is completed, estimated by the fourth quarter of 2024. During this period, PTBC will continue to serve customers as usual through its banking channels and products, including banking transactions at PTBC branches and through its digital channels. Parwati Surjaudaja, President Director of OCBC said "As one of the banks with the highest credit-rating in Indonesia, and with a strong track record, PTBC has an attractive and complementary customer base in consumer banking and SME segments (retail). We plan to leverage the combined capabilities of both entities to broaden OCBC in Indonesia's products and services, and capture financial services growth opportunities in Indonesia." "With the completion of the acquisition process, PTBC will continue to operate as its own entity until the merger process is completed. The management of PTBC is committed to ensuring a smooth merger process by providing high quality banking services to customers. Additionally, business activities will continue as usual," added Lauren Sulistiawati, President Director of PTBC. The acquisition of a 100% stake in PTBC by OCBC is a significant milestone that will strengthen OCBC's platform in Indonesia, solidify its presence in the financial services industry, and showcase its dedication to the growth of financial services in the country. About OCBC PT Bank OCBC NISP Tbk 'OCBC' was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. Over its 83 years of journey, the Bank has undergone several name changes, from 'Bank NISP' to 'Bank OCBC NISP', and 'OCBC' on November 14, 2023. As of March 31, 2024, OCBC serves customers through 200 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 495 ATM, more than 90,000 ATM networks in Indonesia, and connected to more than 600 OCBC Group ATM networks in Singapore and Malaysia. OCBC also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. OCBC is one of the banks with the highest credit ratings in Indonesia, namely AAA(idn)/stable from PT Fitch Ratings Indonesia. About PT Bank Commonwealth PT Bank Commonwealth ("PTBC") is incorporated and licensed in Indonesia with limited liability and a subsidiary of PT Bank OCBC NISP Tbk ("OCBC") which is one of the top 10 largest banks in Indonesia in terms of assets and has received a high credit rating from PT Fitch Ratings Indonesia. Supported by 1.200 employees, PTBC serves customers through 24 office networks in 18 cities in Indonesia. PTBC focuses on both the Retail and SME segments, providing a full range of banking products and services – as well as being a leading provider of Wealth Management – by offering tailored financial solutions to serve customers' needs. Brand & Communication Division, OCBCOCBC Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940Tel: 021- 25533888; Fax: (62)-021-57944000Email: brand.communication@ocbc.id Website: www.ocbc.id Aleta Hanafi Division Head aleta.hanafi@ocbc.id 62-8119860068 Chandra Novita Publicist chandra.novita@ocbc.id 62-8111071069 Nadya Maharani Publicist nadya.maharani@ocbc.id 62-8118725945 Novi Henriatika Publicist novi.henriatika@ocbc.id 62-8119812329 Corporate Communication & Financial Inclusion, PT Bank CommonwealthTreasury Tower (66th Floor), District 8, Lot 28 SCBDJl. Jend Sudirman Kav 52-54, Jakarta 12190Email: corporate.communication@commbank.co.id Website: www.commbank.co.id Bayu IrawanHead of Corporate Communication & Financial Inclusionbayu.irawan@commbank.co.id Adisti Dini IndreswariMedia Relations SpecialistAdisti.indreswari@commbank.co.id
Consumer banking presents “Christmas Festival” to thank customers’ supportHONG KONG SAR - Media OutReach Newswire - 5 December 2024 - OCBC Bank (Hong Kong) Limited ("OCBC Hong Kong") is celebrating the festive season with customers and the community with the popular homegrown heritage pandan cake from Singapore as a special gift to thank customers and the community for their continued trust and support. In this “Christmas Festival”, OCBC management would like to express their gratitude to customers and the community with the popular homegrown heritage pandan cake from Singapore as a special gift. In the coming years, OCBC will continue to enhance its products and services to meet the different needs of customers in banking and beyond. OCBC's integrated business in ASEAN and Greater China, coupled with the unique strategic twin-hub positioning in Singapore and Hong Kong, has enabled the Group to progress well in executing corporate strategies, especially in today's volatile and complex financial landscape. OCBC Group has achieved record-high profits for two consecutive years, and a record net profit of SGD5.9 billion for the first nine months of this year. Among them, it is seen that OCBC premier banking customer has double-digit year-on-year growth in new customers acquisition and asset size in Hong Kong, where the total number of the offshore mainland China customers is doubled comparing to the previous year. Mr Sunny Quek, Head of Global Consumer Financial Services of OCBC, said, "This renowned traditional brand of pandan cake has a long history of origin in Singapore, as does OCBC. As a token of appreciation to our customers, we are pleased to share with them and the wider community a unique taste of Singapore. We look forward to many more breakthroughs in consumer banking in Hong Kong." Mr Wang Ke, CEO of OCBC Hong Kong, said, "December is a festive season, through this appreciation event, I sincerely thank our customers for their trust and support. OCBC as the leading financial services partner in Asia, OCBC Hong Kong will continue to bring long-lasting value to our stakeholders with the cross-regional teams enabling people and communities to realise their aspirations." "Christmas Festival" will be held at the OCBC Hong Kong Head Office at 161 Queen's Road Central from 6:00pm to 7:00pm on 12 December 2024 and from 12:30pm to 4:30pm on 13 December 2024. Limited boxes of the popular Singaporean brand pandan cakes will be distributed to customers (on a first come, first served basis, while stocks last; terms and conditions apply). Please contact OCBC branch or your relationship manager for details. Hashtag: #OCBCThe issuer is solely responsible for the content of this announcement.About OCBCOCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore. The Group's key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 420 branches and representative offices in 19 countries and regions. For more information, please visit www.ocbc.com.hk to learn more about OCBC Hong Kong.
Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China” Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - OCBC Bank (Hong Kong) Limited ("OCBC Hong Kong") remains committed to supporting both businesses and individuals with comprehensive banking solutions. Over the years, the Bank has stood alongside countless enterprises and generations of Hong Kong people, helping them grow and thrive. Starting this month, OCBC is proudly launching a new brand campaign in key markets including Singapore, Hong Kong, Indonesia, and Malaysia. In Hong Kong, the Bank is featuring Ms Ho Yuen Kei, world champion and gold medalist in the Women's Individual BC3 Boccia event, in the brand campaign. Her inspiring journey of resilience and determination in overcoming adversity to pursue her aspiration embodies the Bank's commitment to uplifting individuals and communities in realising their aspirations. In its new brand campaign, OCBC Hong Kong features Ms Ho Yuen Kei — world champion and gold medalist in the Women’s Individual BC3 Boccia event — who shares her journey in pursuit of her aspirations. Her story serves as a call to action, encouraging individuals to realise their aspirations and uplift those around them along the way. In the campaign, Yuen Kei shares: "I need to fill my glass with water before I can pour for others". Her words deeply resonate with OCBC Group's purpose — to enable people and communities to realise their aspirations — and serve as a compelling reminder for everyone to take the first step toward their aspirations. In order to deepen the interaction between the public and customers with the brand, thereby driving the realisation of aspirations, starting today, OCBC Hong Kong is launching the "Aspiration Leave" themed initiative on its official Instagram account @ocbc_hk. Participants who share their aspirations and plans for achieving them will have the chance to win exciting rewards. In addition, OCBC Hong Kong recently partnered with selected local SMEs* to launch a collaborative initiative that encourages employees to take "Aspiration Leave" — empowering them to pursue personal aspirations and give greater meaning to their time. Participating SMEs receive funding and promotional opportunity from OCBC Hong Kong, while also fostering stronger communication and team spirit, contributing to a more positive and engaged workplace culture. The initiative attracted over a hundred employee applications within a short period, their aspiration stories will be shared on OCBC Hong Kong's social media channels, continuing to ignite motivation across the city. Mr Wang Ke, CEO of OCBC Hong Kong, said: "Starting this month, OCBC Group is launching a new brand campaign across key markets, centered on the theme 'Purpose is about lifting others'. This embodies our 'One Group' commitment to help customers realise their aspirations. In Hong Kong, we feature a story that reflects the city's resilient spirit and the pursuit of aspirations amid adversity. Through this campaign, we aim to inspire individuals not only to pursue their own aspiration but also to uplift those around them. We are engaging the broader community and strengthening our support for SMEs via this initiative. As a vital pillar of Hong Kong's economy, SMEs are driven by passionate individuals who strive to make meaningful contributions to society. OCBC Hong Kong is proud to stand alongside them and support them in their journey toward realising their aspirations." *SMEs that participate the "Aspiration Leave" Initiative: Admazes Limited Bergner (HK) Limited Brand Meditech (Asia) Company Limited Grandasy Engineering Co Ltd HobbyDigi Limited Kooly Shop Limited Lou Pichoun Mak's Noodle Maple Bear Canadian International Kindergarten Hong Kong U Park Limited Hashtag: #OCBCHongKongThe issuer is solely responsible for the content of this announcement.About OCBCOCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore. The Group's key markets are Singapore, Malaysia, Indonesia and Greater China. It has over 400 branches and representative offices in 19 countries and regions. For more information, please visit www.ocbc.com.hk to learn more about OCBC Hong Kong.
Seasoned OCBC bankers take on expanded roles, reflecting the Group’s deep bench strength SINGAPORE, HONG KONG SAR - Media OutReach - 18 October 2023 - OCBC today announced leadership changes that will continue enhancing its Greater China coverage as the Group's ASEAN-Greater China strategic thrust gathers momentum. Wang Ke Mr Wang Ke, currently CEO of OCBC Wing Hang China, will assume the role of Head of Greater China, succeeding Mr Tan Wing Ming. With Mr Wang's appointment, Mr Ang Eng Siong, currently Deputy President and Head of Corporate Banking at OCBC Wing Hang China, will step up as the Acting CEO of OCBC Wing Hang China. Mr Ang's appointment will be formalised once the regulatory approval is obtained. Both appointments will take effect on 1 November 2023. Mr Tan will return to Singapore as an adviser to the Group CEO. Mr Wang joined the OCBC Group in 2012 as the Head of IT in China and expanded his responsibilities to include operations in 2014. He was appointed the Head of Pearl River Delta region in 2017, then assumed the position of CEO of OCBC Wing Hang China in 2019. Under his leadership, critical technology infrastructure and capabilities were built up, and the business deftly steered through the COVID-19 pandemic. OCBC Wing Hang China's profit has more than doubled since 2019. A well-respected leader, Mr Wang has built a strong team and kept the employee morale high as the nation navigated the tough COVID-19 situation. Despite the challenging market conditions, in the fourth quarter of last year, OCBC Wing Hang China expanded its geographical coverage by opening a branch in Wuhan, the largest city in Central China. Ang Eng Siong Mr Ang has been with OCBC since 2009. He spent 6 years in Singapore in various roles across risk management, finance and business development. As part of OCBC's talent development programme, Mr Ang moved from Singapore to China in 2015. He was appointed China's Chief Risk Officer in 2018 and Head of Corporate Banking in 2022. Mr Ang built a resilient risk management architecture to support the growing franchise. A strong advocate of teamwork and people development, he has deepened the capabilities of the team. On top of driving rapid growth in cross border business, he led the China Corporate Banking Division into new business frontiers in sustainable finance and renewable energy as well as the technology, media, and telecom (TMT) sector which focuses on new technology. Mr Tan Wing Ming spent 18 years in OCBC, his first role being the Country Head of the OCBC China branch. With his successful track record in China, Mr Tan was appointed Regional General Manager of North East Asia in 2009, and was later tasked to set up and lead the Greater China Division in 2021. Since then, Mr Tan has enlarged OCBC's share of the ASEAN-Greater China trade and investment flows by building up its transaction banking capabilities and developing new collaboration channels. Ms Helen Wong, Group CEO of OCBC, said: "I am pleased that our deep internal talent pool has provided the best candidates for these senior Greater China appointments. It affirms our commitment to nurturing homegrown talent and providing avenues for career progression and mobility. Wang Ke and Eng Siong are valuable contributors to the OCBC franchise. I am confident that, in their expanded roles, they will further advance OCBC's strategic priorities in Greater China." Ms Wong also thanked Mr Tan for his contributions, saying: "Wing has created synergistic values by harnessing the OCBC One Group strengths and capabilities. He has built an effective Greater China platform that will propel OCBC to the next phase of growth. I am glad that Wing is staying on as an adviser." Hashtag: #OCBCThe issuer is solely responsible for the content of this announcement.About OCBCOCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. The Group's key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 420 branches and representative offices in 19 countries and regions. For more information, please visit www.ocbc.com.
"Global Multi-Currency Accounts" Empowers SMEs with New Market OpportunitiesSHANGHAI, CHINA - Media OutReach Newswire - 20 December 2024 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, and OCBC, the second largest financial services group in Southeast Asia, jointly announced the comprehensive partnership. OCBC China will leverage the OCBC Group's extensive regional network and resources in its key markets of Singapore, Hong Kong, Malaysia and Indonesia to collaborate with XTransfer to provide small and medium-sized enterprises (SMEs) engaging in international trade with one-stop innovative cross-border financial solutions, including payment, FX, risk control and wealth management. The Memorandum of Understanding was signed on 18 December 2024 by Bill Deng, Founder and CEO of XTransfer, and Ang Eng Siong, CEO of OCBC China. Bill Deng, Founder and CEO of XTransfer (Left) and Ang Eng Siong, CEO of OCBC China (Right) at the MoU signing ceremony. Bill Deng, Founder and CEO of XTransfer, stated, "This collaboration marks a significant milestone for XTransfer, greatly enhancing our global payment capabilities. By leveraging OCBC's extensive global payment network, XTransfer saves a substantial amount of market costs and accelerates our business expansion in Southeast Asia, saving on local expansion efforts. XTransfer looks forward to expanding its business with OCBC in the future in a variety of areas, including wealth management and lending, and is looking forward to working with them to capture the vast opportunities in Greater China and ASEAN." Ang Eng Siong, CEO of OCBC China, said, "OCBC uses Singapore and Hong Kong as our twin-hubs, radiating out to Greater China and ASEAN regions. XTransfer's business development plans in these areas align closely with our network layout. As XTransfer's global account manager, OCBC China will support XTransfer and its clients in facilitating cross-border settlements through close collaboration with various business subsidiaries of the group. This will help meet the growing demand for cross-border development and business growth, helping them achieve their aspirations in Greater China and ASEAN." XTransfer and OCBC collaborate in several areas of cross-border business. In particular, XTransfer leverages the strong banking networks and service capabilities of OCBC to offer its customers the "Global Multi-Currency Account" provided by OCBC Hong Kong, allowing clients to make payments and collect funds globally. The Global Multi-Currency Account supports not only major currencies, such as the Renminbi, US Dollar, British Pound, Euro, etc., but also currencies from ASEAN and various countries and regions. This will benefit SMEs in foreign trade settlement in the corresponding countries and enhance global cross-border trade efficiency. The partnership will provide XTransfer's over 550,000 clients and their buyers with more payment and collection options. Additionally, clients can make payments and collect funds through CHATS or FPS, the local clearing network in Hong Kong, offering convenience similar to local bank transfers. In recent years, trade exchanges between China and ASEAN have become increasingly close. According to data from XTransfer, from January to September 2024, the amount received by small and medium-sized foreign trade enterprises on the XTransfer platform from ASEAN grew by 80% compared to the previous year. The partnership between XTransfer and OCBC will address this growth in international trade by SMEs, and help them capture opportunities in trade and capital flow between China and ASEAN. XTransfer continues to build its global payment infrastructure for foreign trade through partnerships with renowned international banks and financial institutions. This partnership with OCBC brings XTransfer a new upgrade in its global payment infrastructure, offering substantial benefits to global cross-border traders. By utilising the Global Multi-Currency Account provided by OCBC Hong Kong, buyers can easily make payments in various currencies to overseas suppliers and collect funds from worldwide customers. This partnership is expected to enhance cross-border trade by significantly broadening the payment methods and scope for SMEs. Hashtag: #XTransfer #OCBC #Partnership #SMEs #Crossborder #Paymentshttps://www.xtransfer.comhttps://www.linkedin.com/company/18215108/https://x.com/xtransferglobalhttps://www.facebook.com/XTransferGlobal/https://www.instagram.com/xtransfer.global/The issuer is solely responsible for the content of this announcement.About XTransfer XTransfer, World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, Nigeria, etc. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 550,000 enterprise clients, XTransfer has become the industry No.1 in China. By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations. XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners. For more information: https://www.xtransfer.com/ About OCBC OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC's private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients' goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore. The Group's key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 420 branches and representative offices in 19 countries and regions. For more information, please visit www.ocbc.com
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