DBS PayNow Corporate
Make and receive payments seamlessly
*For PayNow lookup and incoming PayNow transactions.
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.
I’m new to DBS
Open a DBS Corporate Account and request for DBS IDEAL access here.
Existing DBS account and DBS IDEAL user
Step 1: Log in to DBS IDEAL using your company’s Organisation ID, User ID, and PIN.
Step 2: Go to the menu “Administration” and click on “Manage PayNow” to register your UEN1 for PayNow Corporate
Click here to find out how to register on DBS IDEAL.
1Add a 3-digit alpha-numeric suffix to your company’s UEN to create multiple PayNow proxies, which can be linked to multiple bank accounts.
Register for PayNow
Who is eligible to register for PayNow Corporate?
19 PayNow Corporate participating banks are DBS Bank, Bank of China, Citibank Singapore Limited, HSBC, Industrial and Commercial Bank of China Limited, Maybank, OCBC Bank, Standard Chartered Bank and UOB.
It’s simple. Simply log onto DBS IDEAL and register for PayNow instantly!
DBS Multi-Currency Accounts (SGD wallet), SGD Current Accounts, Digital Accounts and Autosave 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, for UEN “123456789X” and a 3-digit alphanumeric suffix of “a12”, the proxy will be “123456789Xa12”.
No, the same proxy cannot be linked to multiple accounts. 1 unique proxy can only be linked to 1 account.
No, a company’s proxy cannot be linked to a personal account. Find out more about using PayNow for your personal accounts here.
No, your company’s UEN cannot be linked to other entities’ accounts.
PayNow Corporate is currently only available for entities incorporated in Singapore.
Yes, you can register for PayNow with multiple participating banks by using different proxies.
Receive with PayNow
How can I receive payments with PayNow Corporate?
You can publish your UEN or your PayNow QR code on your bill, invoice, business card, website, app, email and even at in-store counter. Businesses can pay to your UEN via internet / mobile banking; individuals can scan your QR using mobile banking app from any PayNow participating banks.
Incoming PayNow FAST and GIRO transactions will be reflected on your bank account statements via DBS IDEAL or IDEAL Connect.
When you receive PayNow payments, the following will be reflected on your bank statement on DBS IDEAL:
No, PayNow proxy details will not be available in the bank account statement for incoming PayNow transactions as the payer’s bank does not pass the proxy details to the beneficiary’s bank during PayNow transactions.
Payer name (i.e. Payer’s account name as per bank record) will be reflected in your bank account statement for incoming PayNow transactions.
For successful PayNow transactions, the reference numbers (entered by the payer or embedded in the PayNow QR) will be shown on the bank account statement for reconciliation purposes.
Yes, the narration will be “Inward PayNow”.
It will be the same as any unidentified receipts today.
Pay with PayNow
How can I make payments with PayNow Corporate?
You can make single or bulk PayNow payments through the following channels:
For single PayNow payments, simply send your payment instruction through DBS IDEAL, IDEAL Mobile or IDEAL RAPID.
For bulk payments, simply upload the UFF file (with updated file format).
The same payment file may contain PayNow-GIRO and PayNow-FAST transactions in different batches. GIRO Payment is to be sent in a separate file.
You can make PayNow payments to beneficiaries who have registered for PayNow with their NRIC / mobile number (individuals), or UEN (businesses).
As PayNow payments are made through FAST or GIRO, the information fields for PayNow are similar to those for FAST and GIRO.
Outgoing PayNow FAST and GIRO transactions will be reflected on your bank account statements via DBS IDEAL or IDEAL Connect.
When you make PayNow payments, the following will be reflected on your bank statement on DBS IDEAL:
1 Customer reference is the reference entered by the payer. Field length for both FAST and GIRO transactions is 35 characters.
2 Proxy Type will be NRIC, MSISDN (which represents mobile number), or UEN.
3 Proxy value refers to the beneficiary’s proxy, which can be NRIC or mobile number for individuals, and UEN for businesses.
Yes, the narration will be “Outward PayNow”.
The recovery process follows the current funds recall procedure.
What is PayNow QR and how does it work?
PayNow QR is a QR representation of your PayNow proxy, with or without the reference number and amount details. PayNow QR follows the SGQR standard and allows QR scan & pay for PayNow FAST transactions between customers from the PayNow participating banks.
As part of the PayNow registration on DBS IDEAL, a PayNow QR code containing only your PayNow proxy will be available for download and sharing.
Using QR significantly reduces manual input required by payers when entering the PayNow proxy and lowers the risk of human errors.
SGQR is a common QR code standard launched by MAS and IMDA. It establishes a set of universal QR specifications for the payments schemes, e-wallets and banks in Singapore. As a result, it will free the merchants from displaying multiple QR codes to accept different payment schemes.
You can generate PayNow QR directly via DBS IDEAL / IDEAL Mobile and display the QR to receive payments. Banks will also provide PayNow QR specifications for your systems to embed PayNow QR directly into your website, app, point-of-sale, and invoices.
Businesses can scan your QR and make payments using their corporate mobile banking app; individuals can scan your QR using mobile banking app from any PayNow participating banks.
For successful PayNow transactions, both payer name and the reference numbers will be reflected on your bank account statement on DBS IDEAL for reconciliation purposes.
We have enabled QR scanning feature on DBS IDEAL Mobile. Hence, you will be able to scan QR codes on invoices to initiate a PayNow payment via IDEAL Mobile following the maker-checker process.