News

Malaysia registers 106 percent increase in online banking - UOB report

Wednesday 27 September 2017 11:41 CET | News

United Overseas Bank (UOB Malaysia) has revealed a 106 percent increase in the number of customers using its online banking services during the last three years.

The bank has declared that the number of online transactions (fund transfers and bill payments) rose by 133% over the same period. The number of online fund transfers and bill payments increased by 184% and 90% respectively, from August 2014 to July 2017. In the first seven months of 2017, online fund transfers accounted for 59% of all online financial transactions, while bill payments made up another 12%. 

The Malaysian bank has recently upgraded its Personal Internet Banking (PIB) website to enhance online banking experience, an upgrade that includes a responsive user interface, which is compatible with tablets and smartphones, to enable customers to access their accounts at any time and to transfer funds via their mobile devices.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Malaysia, online banking, Personal Internet Banking, online transaction, mobile banking
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech