Via the application, users also gain the ability to send money to both UOB and non-UOB customers by registering the recipient’s details through the web portal previous to the transaction, the same source reports. Alternatively, they can select the recipient from a list in their app and specify the amount to be transferred. The sender also needs to create a six-digit, one-time password and inform the recipient of the password. Once the sender has completed the transaction on his end, a reference number will be sent to the recipients mobile phone via SMS.
Following these operations, the recipient goes to an UOB ATM machine and inputs both the password and reference number, after which another OTP will be sent to his handset. Once this OTP is keyed in, the recipient will be able to withdraw the transferred funds from the machine.
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