OKX collaborates with DBS Bank to integrate Singapore dollar transactions for Singaporean users

According to official sources, OKX has announced the launch of a zero fee Singapore dollar deposit and withdrawal function for Singaporean users through PayNow and FAST payment services. This service is supported by DBS, the largest asset bank in Southeast Asia. Previously, OKX Singapore had obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment tokens and cross-border remittance services. After the new feature is launched, OKX users who open accounts with 27 PayNow supported banks and payment institutions in Singapore can use this instant deposit and withdrawal service. In addition, OKX Singapore has also launched Singpass identity verification function, which shortens the user account opening time to within 1 minute and improves efficiency by up to 90%. Source: https://www.globenewswire.com/news-release/2024/11/18/2982427/0/en/OKX-Launches-Instant-Zero-Fee-SGD-Deposits-and-Withdrawals-for-Singapore-Customers.html