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CARDS & PAYMENTS, TRADE FINANCE | Staff Reporter, Malaysia

CIMB unveils cross-border banking for Singapore and Malaysian customers

This enables fee-waived fund transfers, preferentail forex rates, and bill payments.

CIMB Bank Berhad and CIMB Islamic Bank Berhad debuted its cross-border solutions for customers with conventional or Islamic accounts in Malaysia and Singapore.

According to a press release, the new services streamline transactions like fee-waived fund transfers, preferential forex rates for online transfers, and bill payments.

Moreover, customers can now manage their Malaysian and Singaporean accounts at the same time through an integrated platform.

Users can also enjoy guaranteed cash rebate with a valid claim for online exchange rate for fund transfers from Singapore to Malaysia account via CIMB Clicks and easy payments for Malaysian billers thanks to over 600 registered providers.

“As a leading ASEAN universal bank, CIMB is continuously innovating to provide the best value proposition and convenience to our customers across the region. The Malaysia-Singapore Cross-Border Solutions is testament to this commitment and is only the beginning, as we leverage on our strong ASEAN network to provide similar convenience for our franchises in Indonesia, Thailand and Cambodia,” said Samir Gupta, CEO of Group Consumer Banking, CIMB Group.

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