UOB speeds ahead on cross-border payment
The bank has tested fund transfers between Singapore and Thailand using mobile numbers and looks to repeat this in the region.
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THE race to send payments across borders in Asia is coming down to a blink of an eye and UOB has quietly worked behind the scenes to soup up regional fund transfers at a lower cost, a top executive at the bank said.
At the end of last year, UOB made public Asean's first completed test in making multiple funds transfers between a UOB Singapore account and a UOB Thailand account in real time.
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