OCBC customers can now make payments at Weixin Pay merchants in mainland China directly through the bank’s app.

The new feature allows users to scan Weixin Pay QR codes in China without using a separate payment app, expanding the bank’s overseas QR payment coverage.

Customers can also use the app to pay Alipay+ and UnionPay merchants through the same interface.

Alipay+ and Weixin Pay account for more than 90 percent of mobile payment transactions in China.

The app displays exchange rates in real time before confirmation, and the bank said there are no additional fees for these transactions.

OCBC said it is the only bank in Singapore that enables customers to scan and pay across all major merchant QR codes in mainland China.

The capability is supported through its collaboration with UnionPay International.

Its Scan and Pay function is available in 57 destinations, including Malaysia, Thailand, Indonesia, Hong Kong, Japan and South Korea.

China is the top overseas market for the feature. Last year, one in five overseas Scan and Pay transactions made through the app took place in China.

The average transaction value in China is nearly double that of other overseas markets.

Regina Lim, Head of Card Payments and Personal Loans at OCBC, said,

“Our customers have a strong appetite for travel. With the Lunar New Year looming, this service will especially benefit customers travelling to China for the festivities.

In China, where cashless payments are the default and not the exception, our customers do not even need to download another payment app.”

Featured image: Edited by Fintech News Singapore, based on image by OCBC