13 Dec '11, 7am

[Singapore] UOB’s Mobile App: A Glimpse Of The Future Of Mobile Banking?

[Singapore] UOB’s Mobile App: A Glimpse Of The Future Of Mobile Banking?

Earlier this week, local bank United Overseas Bank (UOB) launched a new mobile banking application for the iPhone that includes a Mobile Cash service which allows users to withdraw cash from automated teller machines (ATMs) without the use of their bank cards. This service also allows users to transfer money to a list of registered recipients – including non-UOB bank customers – by the use of an instant text message and a one-time password, which allows a recipient withdraw cash from over 600 ATMs in Singapore. In a nutshell, you can draw cash – or transfer cash to someone – without the need for a bank card. All you need is an iPhone. Speaking at the launch of UOB Mobile, UOB’s Head of Group Channels Wendy Teo says: “Our mobile application is not just about having internet banking transactions on the mobile screen. We studied how people use their mobile phone and linked th...

Full article: http://www.youngupstarts.com/2011/12/13/singapore-uobs-mo...

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