Yes, you are able to use SMS-OTP to approve transactions of amount up to S$20,000 to your added payees created in the app. You would need to use a security token for any transactions above this threshold.
To use SMS-OTP,
You must register your mobile phone number with us.
If you have not done so, you may update your mobile particulars by completing the Apply and Manage OCBC Velocity and mail it back to us.
Once your mobile number is registered, you can log in to the app to add payee. You are only able to add a payee when submitting a transaction at the Review page. Tick the field - ‘Add as payee’. A one-time verification via security token is required to approve this transaction. Once verified, the new payee is added to the Payee list for subsequent transactions.