paynow paynow
DBS PayNow Corporate
  • With PayNow Corporate coming on 13 August 2018, you can make and receive payments instantly with just your Unique Entity Number (UEN), without the need to know or disclose any account numbers.
Register Now

Why PayNow Corporate

Secure
secure

Receive payments directly into your bank account with just your UEN.

Simple
simple

Making payments to individuals and businesses is as easy as 1-2-3; no account numbers required!

Seamless
seamless

Use QR code to facilitate instant transactions through Scan & Pay.

First, you need to…

Step 1: Fill up registration form
fillup
Fill up the PayNow Registration Form to link your UEN to your DBS account1
Step 2: Send the completed form
send
Send the completed form to paynowadmin@dbs.com2

 

  1. Add a 3-digit alpha-numeric suffix to your company’s UEN to create multiple PayNow proxies, which can be linked to multiple bank accounts.
  2. From 13 August 2018, you can register for PayNow via DBS IDEAL or IDEAL Mobile.

 

Then you’re able to…

receive
step1
STEP 1
Publish your UEN or QR code on your website, other online channels, or your invoices
step2
STEP 2
Be notified of inward credits – all PayNow transactions will be displayed on IDEAL and your account statements
Useful for
  • Merchant Payments
  • Bill Payments
  • Invoice Payments
pay
step1
STEP 1
Pay other businesses or individuals by using PayNow registered proxies, i.e. UEN or NRIC / mobile number
step2
STEP 2
Receive notifications of successful transactions
Useful for
  • Business / Invoice Payments
  • Claims / Ad hoc Payments
Click here to view DBS PayNow Terms and Conditions.

Frequently Asked Questions

What is PayNow Corporate?

With PayNow Corporate, you can make and receive payments instantly with just your Unique Entity Number (UEN), without the need to know or disclose any account numbers. PayNow Corporate is available for FAST and GIRO transactions.

What are the currencies supported by PayNow?

Only Singapore Dollar fund transfer is available for PayNow.

What is the transfer limit for a PayNow fund transfer?

FAST Real Time Transactions

SGD 200,000

GIRO Transactions

Unlimited

Who is eligible to register for PayNow Corporate?

  • Singapore incorporated entities, government agencies, associations, and societies who have a UEN issued in Singapore; and have
  • Singapore bank accounts with one of the PayNow participating banks1


17 PayNow Corporate participating banks are DBS Bank, Citibank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, United Overseas Bank.

How can I register for PayNow Corporate?

  1. Fill up the PayNow Registration Form
  2. Send the completed form to paynowadmin@dbs.com.

 

From August 2018, you can register for PayNow via DBS IDEAL or IDEAL Mobile.

Who can sign off the PayNow Registration Form?

Type of Entity

Authorised Signatories

Company

2 Directors OR 1 Director + 1 Company Secretary

Association

Chairman and Secretary

Sole proprietorship

Sole proprietor

Partnership / LLP

All Partners



Authorised personnel who are given the authority to execute documents and agreements on behalf of the company as per the Board Resolution.

What types of bank accounts can I link my UEN to?

DBS Multi-Currency Accounts (SGD wallet), SGD Current Accounts, Digital Accounts and Auto-Save Accounts.

Can I register for multiple bank accounts?

Yes, you can add a 3-digit alpha-numeric suffix to your company’s UEN to create multiple PayNow proxies, which can be linked to multiple bank accounts. For example, 123456789X-a12.

Can I link multiple proxies to the same bank account?

Yes, you can link multiple proxies to the same bank account.

Can I link the same proxy to different accounts?

No, the same proxy cannot be linked to multiple accounts. 1 unique proxy can only be linked to 1 account.

Can I link my company’s proxy to my personal account when I register for PayNow Corporate?

No, a company’s proxy cannot be linked to a personal account. Find out more about using PayNow for your personal accounts here.

Can I link my company’s proxy to an account belonging to a subsidiary?

No, your company’s UEN cannot be linked to other entities’ accounts.

My company is not incorporated in Singapore. Can I register for PayNow Corporate?

PayNow Corporate is currently only available for entities incorporated in Singapore.

Can I register PayNow Corporate with multiple participating banks?

Yes, you can register for PayNow with multiple participating banks by using different proxies.

What will happen when I close the bank account with a PayNow registration?

The PayNow proxy will automatically be de-registered upon account closure.
There is no action required from you.