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PayNow Corporate
Make and receive digital payments instantly with PayNow and SGQR.
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.
Your all-in-one payment solution
Easy and secure fund transfers
You don't have to share your account number.
Seamless payments
Money is transferred directly into your SGD Corporate account.
Simple to use
Make cashless payments via mobile number/NRIC/UEN/Virtual Payment Address with just one QR code.
Additional features
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Features
| Features |
| Integrated with UOB mCollect for easy collection |
| Incoming PayNow Corporate transactions Enjoy fee waivers on all incoming PayNow Corporate transactions to their UOB SGD Corporate Account from now till 31 December 2022. Terms & conditions apply. |
| SGQR Registration Receive 4 free SGQR labels when you register for SGQR with UOB. |
| FREE registration online |
| Features |
| Integrated with UOB mCollect for easy collection |
| Incoming PayNow Corporate transactions Enjoy fee waivers on all incoming PayNow Corporate transactions to their UOB SGD Corporate Account from now till 31 December 2022. Terms & conditions apply. |
| SGQR Registration Receive 4 free SGQR labels when you register for SGQR with UOB. |
| FREE registration online |
Rates and fees
-
Feature
-
Outgoing
-
Incoming
| Feature | Outgoing | Incoming |
| FAST via UOB Infinity (digital banking for business) (Single/Recurring/Bulk) |
S$0.50 per transaction (Promotion till 31 Dec 2022) S$0.70 per transaction | S$0.20 per transaction (Waived until 31 Dec 2022) |
| GIRO via UOB Infinity (digital banking for business) | S$0.40 per transaction S$1.00 per return item |
FREE for incoming transactions |
| Feature |
| FAST via UOB Infinity (digital banking for business) (Single/Recurring/Bulk) |
| GIRO via UOB Infinity (digital banking for business) |
Register for PayNow Corporate and SGQR
Frequently asked questions
What is the difference between PayNow and PayNow Corporate?
PayNow Corporate offers the same digital convenience as PayNow but is designed specifically for businesses. Supported payment methods are:
- Mobile number
- NRIC
- UEN (Unique Entity Number)
- Virtual Payment Address
Are PayNow transfers safe?
Yes, it has the same security standards used by the Singapore banking industry for fund transfers.
What is a Unique Entity Number (UEN)?
These are identification numbers issued by the Registry of Societies, People's Association, Singapore Land Authority, Ministries, and others. Businesses and local companies currently registered with ACRA will retain their ACRA Registration Number as their UEN.
What is SGQR?
SGQR (Singapore Quick Response code) helps you collect QR code payments from customers. It is a unified solution that works with different payment providers and e-wallets, so you only have to display and manage one SGQR code. PayNow is incorporated into SGQR.
What is UOB mCollect?
Our digital solution optimises your payments, collections, and reconciliations through a single app. It uses PayNow so you can accept cashless payments at point-of-sale or upon delivery.
Where can I find out more?
More answers are available in our Help & Support page.
Terms & Conditions
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Accounts & Transact
UOB eBusiness Account
Save more than S$500 yearly on FAST and GIRO transaction fees.
- Best for start ups and young businesses
- Open an account with S$1,000
- 60 free outgoing FAST/Paynow and 60 free GIRO Payment and collection transactions per month
- Minimum balance waived for first 12 months of account opening
Collection Solutions
UOB mCollect
Mobile collection digitisation solution designed to ease collections and reconciliation.
- Digital invoice presentment and selection for payments
- QR code for real-time payments collection and instant crediting of funds
- Instant notification of collections
- Ease of reconciliation via bankfeed or in-app reports
Payment Solutions
FAST Transfers
Make fund transfers instantly with FAST (Fast And Secure Transfers).
- Reliable real-time transfers
- 24/7 payments
- Instant transfer confirmations
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