OCBC Malaysia introduces one-stop payment service

Malaysian businesses are offered a one-stop facility for statutory payments.

OCBC Bank Malaysia has introduced a full suite of statutory payment services for corporations in Malaysia. According to OCBC, it is the first foreign bank in Malaysia to offer employers a one-stop facility for a comprehensive range of statutory payments. OCBC recently launched OCBC Mobile Banking and iOCBC TradeMobile, a banking and trading software application for iPad users in cooperation with OCBC Securities.

The statutory bodies involved with this new payment service include Lembaga Hasil Dalam Negeri Malaysia LHDNM, Kumpulan Wang Simpanan Pekerja KWSP, Pertubuhan Keselamatan Sosial Perkeso and Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan PPZ.

The payment services will require the use of OCBC...

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