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OCBC enters into partnership with EV charging solutions provider to 'green' Singapore’s land transport sector

Felicia Tan
Felicia Tan2/15/2021 10:13 AM GMT+08  • 2 min read
OCBC enters into partnership with EV charging solutions provider to 'green' Singapore’s land transport sector
Under the MOU, OCBC Bank will implement digital payment solutions for the charging service.
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Oversea-Chinese Banking Corporation (OCBC) and Charge+, an operator and provider of electric vehicle (EV) charging solutions, have entered into a strategic partnership in a bid to “green” Singapore’s land transport sector.

The move also contributes to the bank’s ambition of building a $25 billion sustainable finance portfolio by 2025, a target that was announced in June 2020.

Both companies, on Feb 15, signed a memorandum of understanding (MOU) that will boost Charge+’s plans of installing 10,000 EV charging points around the island by 2030, thereby contributing to the government’s revised target of having 60,000 EV charging points by 2030.

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