Search Results for "PayNow"

Stripe Allows Singapore Businesses to Offer PayNow Transactions

Stripe, a global financial infrastructure platform for businesses, announced that its Singapore-based users can begin accepting PayNow as a payment method across its integrated suite of solutions. Since its launch in 2017, PayNow has grown to over 4.9 million registered

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Digital Assets Trading Platform Sparrow Offers PayNow Services for Institutional Clients

Sparrow, a digital assets trading platform headquartered in Singapore, announced that it now accepts PayNow transfers for institutional clients. PayNow is a convenient and secure method of transfer which is in line with the high-security standards adopted by the local

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Singapore’s PayNow to Link Up With India’s UPI for Real-Time Payments by 2022

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make instant, low

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Non-Bank E-Wallets GrabPay, LiquidPay and Singtel’s Dash to Offer PayNow

The Association of Banks in Singapore (ABS) announced that for the first time PayNow has been made available to three non-bank Financial Institutions (NFIs) namely Grab Financial Group, Liquid Group and Singtel’s Dash effective from today onwards. The addition of

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E-Wallets Will Soon Have Access to E-Payment Platforms FAST and PayNow

The Monetary Authority of Singapore (MAS) announced that non-bank financial institutions (NFIs) that are licensed as a major payment institution under the Payment Services Act, will be allowed to connect directly to Fast and Secure Transfers (FAST) and PayNow from

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PayNow Increases Default Limit for Ad-Hoc Transactions up to S$200,000

The Association of Banks in Singapore (ABS) announced that all of the nine participating PayNow banks will allow ad-hoc transactions of at least S$5,000 or more. This will enable customers to use PayNow, an electronic fund transfer service, for a

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DBS’ QR Ang Bao Solution Now Open to All Singaporeans with a PayNow Account

Following the success of last year’s DBS QR Ang Baos which saw over SGD 1.5 million loaded during Chinese New Year in 2019, DBS is reintroducing an enhanced version which includes new functions that they say will deliver greater convenience

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PayNow QR is The Latest to Adopt SGQR, Singapore’s Unified Payment QR Code

The Association of Banks in Singapore (ABS)  announced yesterday that PayNow QR will adopt the Singapore Quick Response Code (SGQR) specifications, enabling businesses to collect payments via PayNow through the national unified payment QR code, SGQR. The adoption of the

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Singaporeans Transacted Over 1 Billion SGD Per Month on PayNow

The Association of Banks in Singapore (ABS) announced today that the value of PayNow transactions per month has crossed the S$1 billion mark for three consecutive months since July. This significant milestone, highlights the growing ubiquity of PayNow for payment

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Maybank Now Lets Merchants Issue Unique PayNow QR Codes for Individual Invoices

Maybank Singapore teams ups with Malaysia-based fintech company Financio to offer customers invoices attached with dynamic QR Code that embeds the company’s UEN, payer name, invoice number and payment amount, using the Maybank PayNow system. The goal is to allow business

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