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 UOB Infinity, Host-to-Host connectivity, or UOB APIs for high volume transfers.
• 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

SGQR is a national unified QR label which combines multiple QR e-payment schemes under a common standard. Merchants can receive payments immediately when a sender makes payment to your UEN or scans your SGQR code. You need to register for UOB PayNow Corporate in order to receive payments via SGQR.

Display your SGQR label at your store front and your customer can use a PayNow participating bank mobile app to scan the SGQR code and make the payment.

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