Easy Collect

• UOB Direct Debit is a timely and flexible collection arrangement that helps you take greater control of your billing cycle.
• It debits your customers’ accounts with any participating banks in Singapore, so you can collect payments electronically

• Debit instructions can be submitted via BIBPlus or Host-to-Host connectivity.
• Upon receiving your instructions, the bank will debit your customers’ accounts on the date specified by you, and you will be credited on the next business day

• Improve cash flow management with greater control over payment dates, payment amounts and billing cycles
• Strengthen relationships with your customers by providing them with a paperless and cashless payment alternative
• Save time and effort by reducing administrative and manual processes involved with cheque and cash collection
• Enjoy peace of mind with prompt and secure collections
• Enjoy ease of reconciliation of your accounts receivables with detailed reports on successful and rejected collections

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

You can use UOB mCollect to receive payments from your customers via PayNow or cash and cheques.

• Ease of collections
• Reduced risks of handling cash and cheques
• Optimised cash flow with funds being credited instantly for payments made via PayNow
• Receive instant notifications and collection reports with payment status and unique payment reference, which reduces time spent with manual reconciliation