PayNow
Seamless way to send and receive funds with no account numbers required
Built on the infrastructure of Fast and Secure Transfers (FAST), PayNow enables fast, secure payments for business and personal expenses through mobile numbers, Singapore NRIC/FINS, Unique Entity Numbers (UENs) or Virtual Payment Address (VPA), without the need to know the bank account number when transferring funds.
Benefits
Why PayNow?
Easy
PayNow facilitates easy transactions via mobile numbers, Singapore NRIC/FINs, UENs or VPA.
Fast
PayNow delivers instantaneous transactions 24/7.
Secure
PayNow is built on the same high security standards as FAST, making transfers not only convenient but safe.
Easy
PayNow facilitates easy transactions via mobile numbers, Singapore NRIC/FINs, UENs or VPA.
Fast
PayNow delivers instantaneous transactions 24/7.
Secure
PayNow is built on the same high security standards as FAST, making transfers not only convenient but safe.
PromptPay-PayNow
What is PromptPay-PayNow linkage?
Customers of participating banks in Singapore and Thailand will be able to transfer funds across the two countries, using just a mobile number. The linkage of Singapore’s PayNow and Thailand’s PromptPay real-time retail payment systems is the first of its kind globally, and a key collaboration under ASEAN Payment Connectivity.
Applications
Who can use PayNow?
Individuals
Individuals can use PayNow as a local peer-to-peer funds transfer service or as an alternate cross-border remittance solution between Singapore and Thailand. Domestic retail customers can also send payments using their mobile number for goods, fees, premiums and daily entertainment expenses.
Businesses
PayNow Corporate can be used by businesses to receive payments for goods, operating expenses, bills and more just by linking their UEN issued in Singapore to their Singapore bank account. Merchants also have the option to integrate PayNow QR code with the Singapore Quick Response (SGQR) code, thereby allowing their consumers to scan a QR code to make payments.
