How to use PayNow Corporate for Business
PayNow QR to business
on DBS / POSB app
Paynow QR to business
on PayLah! app
PayNow is an enhanced peer-to-peer funds transfer service available to customers of these nine participating banks: Bank of China, Citibank, DBS Bank/POSB, HSBC, Industrial and Commercial Bank of China Limited, Maybank, OCBC Bank, Standard Chartered Bank, and United Overseas Bank
With PayNow Corporate is available from 13 August 2018 onwards, you can make and receive payments instantly with just your Unique Entity Number (UEN), without the need to know or disclose any account numbers.
Simultaneously when PayNow Corporate is implemented, it will be part of the Singapore Quick Response (SG QR) Code. This will enable retail, businesses and corporates to make instant PayNow transfers by scanning the merchant’s or individual’s QR via their bank’s mobile banking app. Customers will need to update their bank’s app to avail of this function, which is available on both Apple iOS and Android smartphones.