PayNow

PayNow is the trading name of Softwarehouse (Private) Limited, a payment service provider and a member of the Webdev Group. The single limit for SGD transfers via PayNow is subject to the single limit for local inter-bank transfers. To receive funds via PayNow, the recipient must have a bank account with a PayNow participating bank and must register his/her mobile number or NRIC/FIN number with the bank as a PayNow identifier. Please note that Bank of China PayNow only provides registration services for the mobile number or NRIC number you specify.

**For Personal PayNow, users only need the recipient's mobile number or NRIC number to make electronic transfers. **

With the launch of PayNow Business, PayNow is more than just personal transfers. Like Personal PayNow, users of PayNow Business can use the service online or in the mobile banking app, and transfers are instantly credited to their accounts.

**PayNow Business is an extension of Personal PayNow. **

Merchants, businesses and government agencies using the corporate version of PayNow can link their Unique Entity Number (UEN) to their bank accounts for inter-business transfers or receiving payments from customers.

PayNow Features

No need to enter the recipient's bank card number

When transferring money through PayNow, you can easily pay by simply entering the recipient's mobile number or Singapore identity card number. After entering the recipient's account number, the system will automatically display the recipient's name to prevent the wrong transfer.

Businesses can also quickly transfer money between businesses and between businesses and individuals through PayNow.

Supports QR code payment

PayNow QR code is integrated with the Singapore Quick Response (SGQR) code, and users can choose to scan the QR code to make payments.

7*24 hours service, real-time payment

PayNow transaction service hours are 7*24 hours, transfers can be made at any time, and the payment is received in real time.

Banks and e-wallets can also transfer money to each other

Users of wallets such as GrabPay, LiquidPay and Razer Pay can top up their e-wallets directly through banks, and can also transfer the balance of their mobile wallets back to their bank accounts. Different e-wallets can also transfer money instantly.

Support cross-border transfers

You can now use PayNow and Thailand's PromptPay to transfer money between Singapore and Thailand. When making a payment, you only need to enter the recipient's mobile phone number.

Disadvantages of Paynow:

You need to log in to the mobile banking APP, and the recipient must activate the Pay Now function.