More payment methods

PayNow

PayNow is Singapore's real time payment network that is managed by the Association Bank of Singapore (ABS) and overseen by the Monetary Authority of Singapore (MAS). Consumers and businesses can sign up to the service using their mobile number, Singapore NRIC/FIN, UEN business registration number or Virtual Payment Address (VPA is for NFI accounts ie eWallets). Users can then transfer SGD funds from one bank / e-wallet account to another in Singapore through the FAST network, which is a regulated and standardized payment rails that ensures interoperability between payment providers.

Since this governmental initiative was launched and with the promotion of cashless payments brought upon by Covid-19, this QR payment method is currently a very popular payment method familiar to shoppers. PayNow also allows for cost savings for the Merchant, as the cost is generally lower than cards in Singapore.

Singapore
€0.11

+

1.30%
Documentation
Pricing
PayNow logo.

PayNow lets you pay or receive money on the spot, without too much hassle

A total of 15 banks and 4 Non-Bank Financial Institutions (NFIs) in Singapore offer this service

Secure funds transfer service

How it works

  • Checkout screen with payment options including credit card, Klarna, SEPA Direct Debit, and Paynow, and order summary.
    Shopper proceeds to checkout
  • Checkout screen with payment options including credit card, Klarna, and SEPA Direct Debit, and a summary of items with prices.
    Shopper selects Paynow from the available payment methods
  • Checkout screen with QR code for payment with items listed including headphones, event ticket, boots, and backpack totaling €131.96.
    Shopper scans QR code on screen with bank/wallet app
  • Confirmation page with a green checkmark indicating a successful order placement at MyStore.
    Payment completed

Features

Payment type
Real-time payments
Channel
In person
Online
Available in
Asia Pacific
Singapore
Currencies
Settlement currency
SGD
Processing currency
SGD
Other
Refunds
Partial refunds
Multiple partial refunds
Multiple partial captures
3D Secure
Chargebacks
Local entity required
Sales day payout
Settlement delay
1 day
Recurring

How to integrate payment methods

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If you are an Adyen customer, you can simply request a new payment method in the Customer Area.

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Frequently Asked Questions

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