PayNow

Singapore's national instant payment system, letting users transfer money between banks using just a phone number or NRIC. About PayNow: PayNow is Singapore's national fund transfer service, allowing instant transfers between participating banks using just a mobile number, NRIC/FIN or UEN, rather than needing full bank account details. Key Features: Instant Transfers: Money moves between accounts almost immediately, across participating banks. Simple Identifiers: Send money using a phone number or NRIC instead of bank account numbers. Cross-Bank Compatibility: Works across nearly all major banks in Singapore, not tied to one institution. QR Code Payments: PayNow QR codes are widely used for both peer-to-peer and merchant payments. How to Get Started: Register for PayNow through your bank's mobile app, linking your phone number or NRIC. To send money, enter the recipient's registered phone number, NRIC or scan their QR code. Confirm the transfer amount and complete the transaction. Check your bank statement or app for confirmation. Important Notice: PayNow requires a Singapore bank account — this isn't something short-term visitors without local banking can access directly.