Before this, the service was available only in the United States and India. With the new service, OCBC customers can pay directly from their bank accounts to anyone registered to PayNow using the Google Pay app. This allows customers to make real-time money transfers to contacts who have linked their bank accounts to their mobile numbers. The Google Pay P2P service has a daily transfer limit of USD 1,000.
Google Pay is a digital wallet platform and online payments system developed by search giant Google. OCBC had first revealed its tie-up with the tech giant in November 2019 to integrate Google Pay services with PayNow. This is in addition to enabling credit cards on the Google Pay app to make online and in-store payments.
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