Today/CNA-Feb 21

Singaporeans who are unable to use direct bank crediting to receive government payments can now withdraw the money more quickly and conveniently using OCBC automated teller machines (ATMs) across the island. GovCash, launched by the Central Provident Fund (CPF) Board in collaboration with OCBC Bank and GovTech, has been progressively replacing cheques since November last year. It will benefit up to 40,000 Singaporeans who will no longer need to queue at bank branches to encash about 500,000 cheques annually. GovCash is “no less secure than receiving payments via cheque”, CPF Board said in a press release on Monday (Feb 21).

“It has adopted the Singpass facial verification technology to authenticate users, including a liveness-detection capability that blocks the use of photographs, videos or masks during the verification process.” Those who are eligible can withdraw their government payments in cash at more than 500 OCBC ATMs located across the country. An OCBC bank account is not required to use the GovCash service. Read more at: https://www.todayonline.com/singapore/eligible-singaporeans-can-withdraw-govt-payments-ocbc-atms-cpf-board-1822526