CIMB Bank launched a Facebook banking app in mid-December that lets customers transact with friends.

The app, called OctoPay, has three main functions: transfer funds from users' CIMB Bank and CIMB Islamic deposit accounts to OctoPay friends with either of those accounts; transfer funds to reload prepaid mobile phone accounts; and invite friends to contribute to a savings goal and share money online, said the company in an announcement.

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