Features & Benefits
Fast and secured collection. Receive payment through your Unique Entity Number (UEN).
Take advantage of these key features
Zero fee
No inward PayNow fees till 31 Dec 2028
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Fast
Receive payment through your UEN, with no account number needed
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Convenience
Provide your customers with QR code for scan & pay
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Available 24/7
Receive payment real time anytime, anywhere
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Don’t have Singpass? Apply using UEN or Company Name
General Information
It allows businesses to send and receive SGD funds instantly using its Unique Entity Number (UEN) instead of bank account numbers.
It only supports Singapore Dollar fund transfer.
The maximum transaction limit is S$200,000 for payment made via FAST.
PayNow fund transfer can only be made to a PayNow participating bank.
PayNow Registration
Any entity incorporated in Singapore with a valid UEN and a Singapore dollar corporate bank account is eligible.
Log in to HLB ConnectFirst and click on “PayNow”. Follow the "PayNow Corporate User Guide".
You can include an optional 3 character alphanumeric suffix to your UEN (e.g., UEN12345678A001) if you wish to link more than one account to PayNow.
No, your company’s UEN cannot be linked to another entity’s bank account.
PayNow Corporate is currently only available for entities incorporated in Singapore.
Receive with PayNow
No. Under ABS Guidelines https://abs.org.sg/docs/library/merchant-surcharge-prohibition-faq.pdf, businesses are prohibited from imposing surcharges on consumers for using PayNow.
You can publish your UEN or your PayNow QR code on your invoice, business card, website, app, email and even at in-store counter. Businesses or individuals can pay to your UEN or scan your QR via internet / mobile banking.
Incoming PayNow transactions will be reflected on your business account statements.
You can log in to HLB ConnectFirst and click on “PayNow”. Under “PayNow” menu, refer to the table showing “PayNow ID” which contains the registered PayNow proxy details.
PayNow QR
PayNow QR is a QR representation of your PayNow proxy, with or without the reference number and amount details.
You can generate PayNow QR directly via HLB ConnectFirst and display the QR to receive payments.
Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
