PayNow
PayNow is a Singaporean overlay service that lets users send money using a mobile number, NRIC, or UEN instead of an account number. It routes payments over the FAST system.
PayNow supports personal transfers and business payments through PayNow Corporate. It is widely used in mobile banking apps and QR-based payments.
Related Terms
FAST
Fast and Secure Transfers
FAST is Singapore's instant bank transfer service for SGD payments. It enables immediate, 24/7 trans...
QR Code Payments
QR code payments use a scannable code to initiate a payment from a mobile device or banking app. The...
Digital Wallet
A digital wallet is an electronic device, software program, or online service that stores payment in...
EFT
Electronic Funds Transfer
EFT is a broad term for any transfer of money from one bank account to another through electronic me...
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