

OCBC MERCHANT CREDIT CARD TERMINAL VERIFICATION
OCBC Bank has specially designed an eKYC mobile app known as OCBC SME eKYC for SMEs to perform identity verification at ease.


OCBC Business Financial Management for businesses to perform cash flow management, and invoicing.OCBC Velocity (Business Internet Banking).The OCBC eBiz Account, launched in July 2021, was developed to meet the growing needs of SMEs looking for digital banking solutions. Thanks in part to offerings such as those from OCBC business banking. Today, starting an online business is easier than ever before. The right business banking tool to empower businesses According to PWC, the use of online banking services by SMEs increased dramatically during the pandemic.Ĭorrespondingly, the number of customers visiting bank branches and offices has reduced significantly. Ensuring resources are spent in the right areas, SMEs demand digital banking offerings that can help their businesses in diverse areas ranging from onboarding and account opening, to an easier, more organized handling of their business payment transactions and any other expenses. SMEs have also promptly transformed their businesses digitally to scale effectively. Even when the pandemic eased, consumers continued to interact digitally with and through their banks. Almost overnight, banks shifted much of their interactions with customers to digital. There was a sharp rise in digital banking needs when the pandemic hit and most banks innovated swiftly to transform themselves digitally. This involves conventional businesses as well such as those in banking industry and small and medium-sized enterprises (SMEs). The COVID-19 pandemic has accelerated the digitalisation of many businesses so they stay relevant to their industry players. Pandemic forcing a hand in digitalisation
