Go digital with the new UOB mCollect Point of Sale
Collect payments with ease via PayNow on your mobile to simply your business processes. Also available for cash on delivery.
*Images used are for illustrative purposes only and may differ from actual
product
Seamless collection
and reconciliation
UOB mCollect is an integrated digital collections solution with a third-party
application provided by Enterpryze, and is designed to help businesses ease their
collection and reconciliation processes by enabling:
Digital invoice presentation
Real-time digital collection
Instant crediting of funds
Instant notification of collection
Consolidated view of collections for seamless reconciliation
Benefits: Point of Sale
QR Invoicing Tool
Generate your own QR code to receive payments via PayNow instead of
cash.
No IT Integration
Simply download and link your PayNow UEN to register.
Create Users and Branches
Convert your mobile phone into a mobile POS.
Sales & Collection Reports
View reports in-app or via UOB Infinity.
Benefits: Cash on Delivery
Ease of Collection
Collect payments with PayNow, in addition to other modes of payment.
Reduced Risk
Minimise risk of misplacing paper invoices, and mishandling cash and
cheque.
Optimised Cash Flow
Reduce waiting time for cash and cheques to be credited. Funds are
credited instantly for payment with PayNow.
Seamless Reconciliation
Receive instant notifications and collection reports with payment status
and unique payment reference, which reduces time spent with manual
reconciliation.
Features
Point of Sale
Retail QR collection solution
Mobile experience
Express activation
Expedited collection
Accelerated reconciliation
Cash on Delivery
Last mile cash replacement solution
Integration to ERP
Digital invoice presentation
Multiple payment methods
Consolidated collection reports
It’s simple with UOB mCollect
Use UOB mCollect to move your consumer and corporate payments to PayNow.
Point of Sale
PayNow
Go completely digital with UOB mCollect.
Also available for cash collection
Cash on Delivery
PayNow
Go completely digital with UOB mCollect.
Cash/Cheque
Optimise your traditional mode of collection.
Also available for funds transfer
Client Testimonial
Hear from our customers how their business has benefited from UOB mCollect.
“Operations are now more efficient and our staff,
happier.”
Find out how Boong Food keeps their competitive
edge in the thriving food industry by adopting new technology
that digitises their collection and reconciliation processes.
Our drivers use it to collect payments electronically upon the delivery of dry cleaning. With the instant PayNow payment confirmation, our drivers and staff now know when payment has been made. Our customers’ experience has also improved with the introduction of this alternative payment method.
Ms. Sharon Lai, Pressto Asia Pacific Pte Ltd
“UOB mCollect helps us reduce cost.”
The app is straight forward can be easily used by my staff across our outlets. It is definitely more cost-efficient as we can minimise cash handling and cut down on visits to the bank.
Ms. Jasmine Loh, Lee Heng Jewellers
“A seamless experience for both our customers and staff.”
Not only is it easy for customers to pay, the solution has helped us reduce the hassle of manually checking incoming PayNow transactions, easing our daily reconciliation processes.
UOB mCollect is a PayNow receivables solution on a mobile app, supporting all businesses in payments, collections and reconciliations through UOB’s preferred software partner, Enterpryze.
2.
Who is Enterpryze and what is its relationship with UOB?
Enterpryze is UOB’s preferred software partner operating the mobile app. UOB mCollect is exclusive to UOB’s clients. As UOB mCollect works on the basis of a referral model, any of UOB clients who are keen on UOB mCollect will be referred to Enterpryze.
3.
What is UOB’s role in supporting / enhancing UOB mCollect?
UOB is constantly working with Enterpryze to enhance the capabilities of UOB mCollect. The original features for a “cash on delivery” business model has been supplemented to support businesses focused on “point of sale” business model.
While UOB will provide service support with regards to credit transactions, the day-to-day issue resolution and inquiry will be supported by Enterpryze.
mCollect & PayNow Corporate
4.
How does UOB mCollect work with PayNow Corporate?
UOB mCollect is a simple solution for businesses which are keen to drive contactless payments. By launching your invoices digitally, a PayNow QR code is generated for your customer to make payment. Customers may launch any of their PayNow bank apps to perform a scan-and-pay without having to fill in the payment amount.
5.
How will my earnings collected via PayNow be credited to my bank account?
With PayNow, your earnings will be credited near real-time into your bank account via FAST. You will also receive a real-time notification confirming receipt of the payment, providing you assurance you’re your invoices are closed.
6.
How do I register for PayNow Corporate?
Find out more about PayNow Corporate here. You may register instantly via UOB Infinity.
Using UOB mCollect
7.
Who is UOB mCollect suitable for?
All businesses can benefit from UOB mCollect as an easy mean to go digital with PayNow Corporate. UOB mCollect combines the convenience of PayNow Corporate and the ubiquity of your mobile device into a seamless digital invoicing solution.
8.
How can UOB mCollect solve my day to day receivable needs?
UOB mCollect is designed to reduce delays caused by cash/cheque collections and manual reconciliation by introducing digital payments via Paynow. This will help alleviate the cost burden which impacts your cash flow.
9.
Who are the main beneficiaries of UOB mCollect?
For F&B and merchants performing onsite over-the-counter sales, UOB mCollect automates your frontliner’s cash counting and reconciliation by converting their mobile device into a mobile POS. For Wholesaler Distributors performing deliveries, UOB mCollect presents your preloaded invoices for deliverymen to receive payments in real time. For Retailers seeking to increase their sales outreach, UOB mCollect allows you to move online by creating new virtual stores for goods pre-payment, or offsite by launching pop-up outlets for fairs and events.
Registering for UOB mCollect
10.
What do I need to sign up for UOB mCollect?
You will require a UOB Corporate Account that is registered for PayNow Corporate in order to sign up for UOB mCollect. You will also need to download the mCollect app, operated by Enterpryze.
11.
How does UOB mCollect connect to other UOB offerings?
UOB mCollect is enabled through the twin offerings of UOB BizSmart and UOB PayNow Corporate. This combines the advanced accounting software of SAP-B1 (brought to you by Enterpryze) with the convenience of PayNow for a seamless, real-time digital experience.
For clients which require greater integration with their in-house systems, UOB mCollect also supports bank and data feeds through a one-time setup.
For clients on UOB Infinity, you may retrieve daily Sales & Collection reports. All payments made via PayNow will be visible on UOB Infinity account statements with a unique reference that will help to ease your bank reconciliation process.
12.
What are the charges for the app?
The charges for the app are competitive and cost effective for our customers so as to help our customers realise the benefits of digital payments. To find out more about the app charges, please contact your Relationship Manager or click here for new customers.
13.
I am interested to sign up for UOB mCollect. What should I do?
Please contact your Relationship Manager, or visit any of our UOB Branches. Click here if you would like to hear more from our Sales specialists. Refer to attached Terms & Conditions for UOB mCollect.
All businesses can benefit from UOB mCollect as an easy mean to go digital with PayNow Corporate. UOB mCollect combines the convenience of PayNow Corporate and the ubiquity of your mobile device into a seamless digital invoicing solution.
8.
How can UOB mCollect solve my day to day receivable needs?
UOB mCollect is designed to reduce delays caused by cash/cheque collections and manual reconciliation by introducing digital payments via Paynow. This will help alleviate the cost burden which impacts your cash flow.
9.
Who are the main beneficiaries of UOB mCollect?
For F&B and merchants performing onsite over-the-counter sales, UOB mCollect automates your frontliner’s cash counting and reconciliation by converting their mobile device into a mobile POS. For Wholesaler Distributors performing deliveries, UOB mCollect presents your preloaded invoices for deliverymen to receive payments in real time. For Retailers seeking to increase their sales outreach, UOB mCollect allows you to move online by creating new virtual stores for goods pre-payment, or offsite by launching pop-up outlets for fairs and events.
Registering for UOB mCollect
10.
What do I need to sign up for UOB mCollect?
You will require a UOB Corporate Account that is registered for PayNow Corporate in order to sign up for UOB mCollect. You will also need to download the mCollect app, operated by Enterpryze.
11.
How does UOB mCollect connect to other UOB offerings?
UOB mCollect is enabled through the twin offerings of UOB BizSmart and UOB PayNow Corporate. This combines the advanced accounting software of SAP-B1 (brought to you by Enterpryze) with the convenience of PayNow for a seamless, real-time digital experience.
For clients which require greater integration with their in-house systems, UOB mCollect also supports bank and data feeds through a one-time setup.
For clients on UOB Infinity, you may retrieve daily Sales & Collection reports. All payments made via PayNow will be visible on UOB Infinity account statements with a unique reference that will help to ease your bank reconciliation process.
12.
What are the charges for the app?
The charges for the app are competitive and cost effective for our customers so as to help our customers realise the benefits of digital payments. To find out more about the app charges, please contact your Relationship Manager or click here for new customers.
13.
I am interested to sign up for UOB mCollect. What should I do?
Please contact your Relationship Manager, or visit any of our UOB Branches. Click here if you would like to hear more from our Sales specialists. Refer to attached Terms & Conditions for UOB mCollect.
