CIMB Taps Facebook Banking, Lets Friends Send Money And Social Savings

CIMB Taps Facebook Banking, Lets Friends Send Money And Save

CIMB taps Facebook banking, lets friends send money and social savings. Yesterday, the bank launched OctoPay, an extension of CIMB Clicks, its internet banking portal service and Asia’s first banking service on Facebook.

CIMB Taps Facebook Banking, Lets Friends Send Money And SaveRenzo Viegas said that the bank had taken the lead with OctoPay, integrating internet banking capabilities and expanding alternate delivery channels with social networking elements. OctoPay can be accessed anywhere and anytime with no transaction or service fees.

OctoPay has three main features: transfer of funds between OctoPay users and friends, reload of prepaid mobile phone accounts, and Coinbox, which allows invitation of friends to share money online and contribute to a savings pool.

CIMB (@CIMB_Assists) hopes to educate the people on the convenience and security of conducting banking transactions through social media and encouraging saving behaviour among them. Viegas assured customers as application exist on CIMB Click‘s infrastructure.

CIMB Clicks has 3.6 million registered users in Malaysia that conducts an average volume of 3.5 million financial transactions in a month. The application can be downloaded on both Apple and Android devices, and has already reached 500,000 downloads.

Key Stats

  • There are 3.6 million Malaysian registered users in CIMB Clicks that conducts 3.5 million financial transactions on average, every month
  • 500,000 downloads were already reaches on iPad, iPhone, and Android devices

Renzo Viegas, Group Deputy Chief Executive Officer and Head of Consumer Banking of CIMB“OctoPay can be accessed from anywhere in the world with internet connection, 24 hours a day, seven days a week, with no service or transaction charges.”

Source: (@insider_latest)

Here is a couple of videos which explains what OctoPay is and how to use all its exciting features:





Covered by my Visible Banking Team


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Written by Christophe Langlois

Based in London, Christophe is an entertaining social media keynote speaker and a trusted advisor to the global financial services industry on the topics of social media, social business and digital innovation.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is 'Social Media Senior Managing Consultant' at IBM Interactive Experience. He's also a Digital Advisor at the Financial Services Forum and the Moller Centre (part of the Churchill College in Cambridge).

Christophe's views on are his own, not necessarily his employer's.

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