PayNow, Singapore's revolutionary electronic payment system, is rapidly transforming how people make payments. Whether for personal or business use, PayNow offers a fast, secure, and efficient payment option that streamlines everyday transactions.

PayNow is an electronic payment system in Singapore that allows users to make payments directly to individuals, businesses, or government entities using their mobile numbers, NRIC/FIN numbers, virtual payment addresses (VPA), or entity numbers (UEN). This system simplifies the payment process and enhances transaction speed and reliability.

Supported Banks

Nearly all major banks operating in Singapore have integrated PayNow into their online banking systems and mobile applications, including:

• Bank of China (BOC)
• Citibank Singapore
• DBS Bank / POSB
• HSBC Bank
• Industrial and Commercial Bank of China (ICBC)
• Maybank
• Oversea-Chinese Banking Corporation (OCBC)
• Standard Chartered Bank
• United Overseas Bank (UOB)

These banks provide convenient PayNow registration and usage services through their respective platforms.

Security Assurance

PayNow employs technologies and security measures similar to FAST and GIRO, ensuring the security and reliability of user transactions. This high standard of security makes PayNow a trusted payment method comparable to traditional bank transfers.

How to Register for PayNow

Different banks offer various registration methods. Here are the registration steps for some major banks:

DBS Bank

• Online Banking Registration: Log in to DBS internet banking, navigate to the transfer page, select "Transfer to Mobile Number or NRIC/FIN (PayNow)," and follow the prompts to complete registration.
• Mobile Banking Registration: Use the DBS mobile banking app, access the payment and transfer section, select "PayNow," input necessary information, and complete registration.

OCBC Bank

• Online Banking Registration: Log in to OCBC internet banking, go to "Customer Service," access "Link or Manage PayNow," and follow the system prompts to complete registration.
• Mobile Banking Registration: Use the OCBC mobile banking app, go to "Settings," access "Manage PayNow," choose the registration method, and complete the steps as instructed.

POSB

• Online Registration: Through POSB internet banking or mobile banking app, select "PayNow Registration," and follow the on-screen instructions to complete registration.

How to Use PayNow

Once registered, using PayNow for payments is straightforward:

1. Log In: Log in to your bank's online banking system or mobile app.
2. Select Transfer: Navigate to the PayNow transfer page.
3. Enter Recipient Details: Input the recipient's mobile number, NRIC/FIN number, or UEN.
4. Confirm Payment: Enter the transfer amount and confirm the transaction.
5. Recipient Confirmation: Once the recipient verifies the payment details, funds are transferred almost instantly.

FAQs

New users of PayNow may have common questions:

Is PayNow Secure?

Yes, PayNow uses advanced security technologies and bank-grade security measures to ensure safe transactions.

What Types of Payments Does PayNow Support?

PayNow supports payments between individuals, individuals to businesses, and various other transaction scenarios.