CIMB has officially introduced CIMB Octo, its next generation online banking app which is designed to deliver new features and personalisation for over 8 million users in Malaysia. The app is still in its early phase with limited features and services available.
According to CIMB, Octo is designed for everyday use, making it easier, faster and more secure for customers to manage their finances with simpler search and navigation tools. In its current version, CIMB users can use Octo to check their account details, perform domestic fund transfers, DuitNow Transfers, Loan and Credit Card payments, JomPay and prepaid top-up.
Other additional features including foreign transfer, recommendations, widgets and DuitNow QR cross border transactions will be introduced later. The Octo app is currently available for existing CIMB users with an active CIMB Clicks account. Unlike Maybank’s MAE and Bank Islam’s BeU, there is no option to create a new CIMB account through the Octo app at the moment.
Existing CIMB Clicks users can start using the Octo app today but they will still need to retain their CIMB Clicks app. According to CIMB, CIMB Clicks is still required for SecureTAC. The full suite of digital banking features and solutions are expected to be rolled out in the first half of 2023. CIMB wants to take the opportunity to gather user feedback for the app’s early release before rolling out the final product.
The app is available on the Apple AppStore, Google PlayStore and Huawei AppGallery. For more info, you can visit the CIMB Octo page.
