UOB PayNow is now on SGQR

Overview

PayNow Corporate is an enhanced funds transfer service that will change the way you send and receive payments to/from your customers and business partners.

By linking your SGD Corporate Account to your Unique Entity Number (UEN), you can receive monies almost instantly when your sender makes a payment to the UEN, or scans your Quick Response (QR) code.

PayNow has been incorporated into SGQR (Singapore Quick Response Code), Singapore's unified QR label.

Benefits

Secure

Funds transfers are secure and hassle-free as there is no need for you to share your business details or bank account number.

Seamless

Receive payments from your customers or business partners directly into your SGD Corporate Account. Simply provide your UEN or SGQR code to your customers for them to make payments to you.

Simple

Make payments easily to both individuals and businesses with just their mobile number/NRIC/UEN.

Uses for PayNow

How is PayNow applicable to businesses?

Making Payments

Company A is an events company that regularly employs temporary staff for events that they organise. Since the workers are employed on a one-off basis, the company frequently pays its workers via cash or cheque. Using PayNow Corporate, the company can make payments to the workers with their registered mobile numbers or NRIC, without having to go through the hassle of collecting their bank account details. This helps the company reduce the costs associated with handling cash and cheques.

Company B is an online shop that sells apparel. As they allow for customers to return the purchases within a week, they have to process refunds to customer regularly. With PayNow Corporate, they can refund the monies directly to their customers’ registered mobile number, hence shortening the refund process and providing a better customer experience.

Receiving Payments

Company C is a small retail shop selling IT gadgets. They receive cash payments frequently. With PayNow Corporate, the company is able to display their UEN or SGQR code at the cash register. Customers can easily pay for their purchases by keying in the UEN or scanning the SGQR code, and the company can receive the payments into their account immediately.

Company D provides utilities services to their customers, and sends their bills to them monthly. While the company offers various modes of electronic payments, many of their customers still pay them using cheques. With PayNow Corporate, the company can include a SGQR code on their monthly bills so that their customer can make payment simply by scanning the SGQR code.

Promotional Offers

Promotional Offers*

Incoming PayNow Corporate transactions

Customers will enjoy fee waivers on all incoming PayNow Corporate transactions to their UOB SGD Corporate Account from now till 31 December 2021. Terms & conditions apply.

Outgoing PayNow Corporate transactions

Customers will enjoy a promotional pricing of S$0.50 per transaction, when they make outgoing payments with UOB PayNow via FAST, from now till 30 June 2020. Terms & conditions apply.

SGQR Registration


Receive 4 free SGQR labels when you register for SGQR with UOB.

Click here for Standard Pricing Guide.

Register for PayNow Corporate and SGQR

Register instantly via eForm

Register Now

FAQ

Click here for frequently asked questions about PayNow Corporate

 

Click here for frequently asked questions about SGQR

 

T&Cs

Click here for UOB PayNow Corporate T&Cs

 

Click here for promotional T&Cs for UOB PayNow Corporate transactions

 

Click here for SGQR T&Cs