For individuals from Malaysia, Indonesia, China, and Hong Kong First Singapore bank to enable digital account opening for foreigners OCBC has launched a fully digital account opening service for consumers in its key markets relocating to Singapore. Individuals from Malaysia, Indonesia, mainland China and Hong Kong SAR can remotely open Singapore dollar and multi-currency accounts on the OCBC Digital app. According to OCBC, this expedites the relocation process as a bank account facilitates two other key administrative arrangements – salary crediting and securing accommodation.
First Singapore bank to enable digital account opening for foreigners
According to OCBC, this expedites the relocation process as a bank account facilitates two other key administrative arrangements – salary crediting and securing accommodation., OCBC’s Head of Global Consumer Financial Services, said: “By providing them with a seamless and secure way to open an OCBC account, we hope they will be able to get settled and integrate into Singapore life more quickly.”
According to the Singapore Department of Statistics, from 2021 to 2022, the number of foreigners coming to Singapore to work, study and live grew by 6.6%. As OCBS expects this growth to continue, it predicts the monthly average of foreigners who open an OCBC Singapore bank account in 2024 to be four times that of 2022.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia Digital Content Festival 2022 highlights digital creative content industryBurgeoning sector globally, especially gaming, projected to hit US$220.9bil sales for 2022 US$1.63mil in grants to 34 recipients with continued government support promised The Malaysia Digital Content Festival (MYDCF 2022) held in conjunction with Comic Fiesta and supported by Malaysia Digital Economy Corporation (MDEC), is currently happening from 17 to 18 Dec at Kuala Lumpur Convention Centre (KLCC).
Read more »
myTukar, Genie Malaysia records strong revenue growthMalaysia’s digital used car ecosystem, myTukar and Genie Malaysia, have recorded strong sustainable growth.
Read more »
Why are Digital Exports important for the Digital Economy?Entrepreneurial approach adopted by MDEC to building out global networks Provide founders a support system that understands challenges they face Malaysia Digital Economy Corporation (MDEC), an agency operating under the Ministry of Communications and Digital, stands at the forefront of Malaysia's digital economy development. Its paramount mission is to empower businesses and propel digital transformation, ensuring Malaysia's unwavering competitiveness on the global digital stage. The drive to achieve this comes from the top with MDEC CEO, Ts.
Read more »
Funding Societies Malaysia appoints Chai Kien Poon country headFunding Societies Malaysia has announced the appointment of Chai Kien Poon as country head of Malaysia.
Read more »
Sunway, Digital Penang to build talent development ecosystemSunway Education Group and Digital Penang has signed a MoU to explore opportunities in building the digital ecosystem to strengthen Penang’s digital talent pool.
Read more »
Choosing the right provider and solutions for true digital transformationTime’s private and public cloud platforms can improve operational efficiency Strategic alliances with leading cybersecurity specialists such as Fortinet, IBM With Southeast Asia opening back up post-pandemic in 2022, the digital economy is expected to grow 20% year-on-year. One of the drivers is e-commerce which is registering higher adoption among digital users. Meanwhile, after years of acceleration, digital adoption growth is normalising. This in turn, has created pressure on organisations to leverage digital capabilities to create future businesses.
Read more »