If you’re using a mobile banking app in Singapore to review your finances, chances are, it is made by Tagit. Started by serial entrepreneur Navtej Singh in 2004, Tagit is a mobile solutions company specializing in mobile banking apps.
While it struggled early on for being ahead of time, Tagit is now working with many of the leading banks in Asia.
Their extensive portfolio includes banking apps for DBS, UOB, MayBank and Standard Chartered in Singapore, Commonwealth Bank and CIMB in Indonesia, Vietcom Bank in Vietnam, Citibank in India, CBQ in Qatar, and RBC in Canada. In Kuwait, they have developed a mobile payment aggregator app in collaboration with a local partner.
This is just the beginning. Besides signing up more banks as customers, Tagit plans to go full-force into the mobile payments space by creating apps that aggregates merchants and lets users easily pay for their services. It is also working on an open platform to let developers build apps using their SDK. Read more
Maybank has launched a new mobile banking app last month that, on top of its core banking services, lets customers pay bills and transfer funds from Singapore to Malaysia. This feature could be useful for Malaysian professionals working in Singapore.
The app has a fully customizable loading page with reminders of your personal savings goals and ”Spin-a-Wheel” game rewards with instant prizes. It also has location-based features to conveniently locate Maybank’s branches, ATMs and allied networks. Read more
A new app by United Overseas Bank (UOB) called UOB Mobile aims to save customers a worry or two — by allowing them to withdraw or transfer cash from the ATM without their bankcard.
UOB is believed to be the first Singapore bank to do this. The app comes at a time where two out of three UOB customers are registered Internet banking users, an indication that Singaporeans are warming up to online banking.
The app also has a feature called Mobile Cash, which enables customers transfer money to a list of registered recipients, including non-UOB customers. Done via an instant text messaging and a one-time password, recipients can withdraw cash instantly at more than 600 UOB ATMs across Singapore. Read more
About three-quarters of Singapore respondents access the Internet through their mobile phones daily, while 84 percent have already used their phones to research or purchase goods, revealed the MEF Global Consumer Survey. Read more