GUIDES & INSIGHTS
CALCULATOR
Business Property Loan
Buy or refinance your business property with attractive loan package
Find out more
RESOURCES
Simplify your business protection needs
For a limited time only, get 10% off* on the premium when you sign up for BizCare. *T&Cs apply
Find out moreFOREIGN EXCHANGE
More FX transactions, more rewards.
Simply accumulate your FX Spot Contract booking from 15 August – 31 December 2022.
Learn more
BROWSE BY TOPICS
Join our SME Community
Subscribe for your regular dose of business tips, insights, and inspiration.
Find out more
-
you are in Business Banking
For Individuals
Personal BankingWealth BankingPrivilege BankingPrivilege ReservePRIVATE BANKINGFor Companies
COMMERCIAL BANKINGCORPORATE AND INSTITUTIONAL BANKINGFOREIGN DIRECT INVESTMENTUOB ASEAN INSIGHTSINDUSTRY INSIGHTSSUSTAINABLE FINANCINGAbout UOB
UOB GroupUOB BRANCH ONLINE SERVICESUOB TECH START-UP ECOSYSTEMUOB Group Subsidiaries
UOB ASSET MANAGEMENTUNITED OVERSEAS INSURANCEUOB TRAVEL PLANNERSUOB VENTURE MANAGEMENTUOB GLOBAL CAPITAL -
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
-
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 2025. 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 2025. 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) |
Transaction Fee - S$0.50 per item PayNow Lookup Fee - Waived | S$0.20 per transaction (Waived until 31 Dec 2025) |
| 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
Register for PayNow instantly via UOB Infinity
(digital banking for business)
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
You may also like
Accounts & Transact
UOB eBusiness Account
Start your UOB eBusiness account today, and enjoy zero fees* and more than S$500 of annual savings on FAST and GIRO transaction fees.
- No minimum balance and fall below fees*
- FREE outgoing FAST/PayNow FAST transactions
- FREE outgoing GIRO payment and collection transactions
- FREE GIRO payroll transactions
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 bank feed 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
We're here to help
Have a question?
Speak with us
Locate Us
We use cookies to improve and customize your browsing experience. You are deemed to have consented to our cookies policy if you continue browsing our site.
