PayNow
PayNow is an electronic payment method in Singapore which utilizes the national QR-code, SG QR, to make direct bank transfers to merchants as well as person-to-person transfers. A total of 13 major banking institutions and financial institutions in Singapore support PayNow. Users can pay by scanning the unique QR code and the payment will be carried out instantly.
Payment flow
- Step 1: Select PayNow, it will be redirected to a new page.
- Step 2: The user needs to generate a QR code
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Step 3: Scan the generated QR code from the bank app within 30 minutes.
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Step 4: The user will be redirected to a confirmation page.
PayNow
| name | description |
|---|---|
| Countries |  SG |
| Type | Bank Transfers |
| Processing currencies | SGD |
| Supported currencies | Refer to currency codes |
| Payment confirmation time | Instant |
| Chargebacks | No |
| Refunds | No |
| Full Refund | N/A |
| Partial Refund | N/A |
| Refund type | N/A |
| Refund timeframe | N/A |
| Onboarding required | No (account is for Terminal3 and is available to our merchants via MoR model only) |
| Recurring Payments | No |
| Mobile UI | Yes |
| Opens new window | Yes |
| Min Transaction Limit | 0.05 SGD |
Available models:
- Merchant.
Included with your Terminal3 Payments account.
- MOR.