OCBC Malaysia launches new payment system

Easi-GIRO gives solutions to help businesses manage their cashflow and records about 250,000 transactions per month.

OCBC Bank (Malaysia) Bhd has introduced a one-stop facility for a comprehensive range of statutory payments.

OCBC is the first foreign bank in Malaysia to offer such services and the statutory bodies involved are Inland Revenue Board (IRB), Employees Provident Fund (EPF), Pertubuhan Keselamatan Sosial and Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan.

These new services are rendered via the usage of the bank’s Easi-GIRO where the service involving EPF had already commenced last year.

Easi-GIRO is a payment tool under cash management platform providing solutions to help businesses to manage their cashflow from receivables to payables.
It currently records about 250,000 transactions per month amounting to almost RM500 million ($161.34 million).

OCBC Bank director and chief executive officer Jeffrey Chew said the introduction of the service was part of the continual effort to provide customers with greater convenience and a seamless experience across all its services.

View the full story in The Malaysian Star.

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