Maybank Mobile Money is accessed via the Maybank app
Maybank Singapore has launched Maybank Mobile Money, a person-to-person (P2P) mobile payment service that allows people in Singapore to send money to anyone using a mobile number. The solution has been developed by mobile solutions company, Tagit.
The service enables Maybank’s online banking customers to pay anyone, any time, by sending money directly to a Singapore-registered mobile number. The funds can then be collected via any Singapore bank account.
“Consumer behaviour is changing rapidly, aided by newer technologies,” said Lim Kuo Siong, head, information technology and virtual banking at Maybank Singapore. “With the growth of Singapore’s smartphone and tablet penetration, we see a greater reliance on our trusted devices for daily tasks, including financial transactions. Maybank Mobile Money…aims to simplify this even further by enabling our customers to manage their daily payment transactions to known recipients through a convenient, secure, and instant medium.”
Maybank Mobile Money provides Singaporean customers with an alternative payment and collection method for transactions traditionally done via cash or cheque. The mobile app uses Tagit’s secure, robust mobility solution platform, Mobeix, to enable person-to-person social payments, such as the splitting of bills, and taxi fares, payment of fees to small businesses including private tutors and sports coaches, and payment for purchases conducted through social media.
The Maybank Mobile Money service is available as part of the Maybank Mobile Banking App, which was launched in 2012 on the Tagit Mobeix platform. The app, Maybank SG, is available for iPOS and Android devices.
