Make and receive payments instantly
Receive payments into your bank account with your Unique Entity Number (UEN)
Make payments to individuals and businesses without revealing your account number
Use QR code to facilitate instant transactions through Scan & Pay
Receive with PayNow Corporate
For merchant payments, bill payments and invoice payments.
Step 1: Publish your UEN or QR code on your website, other online channels, or your invoices.
Step 2: Be notified of inward credits – all PayNow transactions will be displayed on IDEAL and your account statements.
Pay with PayNow Corporate
For business/invoice payments, claims and ad hoc payments.
Step 1: Pay other businesses or individuals by using PayNow registered proxies, i.e. UEN or NRIC / mobile number.
Step 2: Receive notifications of successful transactions.
Have access to DBS IDEAL?
Step 1: Log in to DBS IDEAL
Step 2: Go to the “Administration” menu.
Step 3: Click on “Manage PayNow” to register your UEN* for PayNow Corporate.
*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.
If you do not have access to IDEAL, register now.
New to DBS?
- Apply online for a Business Account in 5 minutes.
- Your account will be opened in 1 business day.
Register for PayNow
Who is eligible to register for PayNow Corporate?
^These include DBS Bank, Citibank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, United Overseas Bank.
How can I register for PayNow Corporate?
What types of bank accounts can I link my UEN to?
Can I register PayNow Corporate for multiple bank accounts?
For example, for UEN “123456789X” and a 3-digit alpha-numeric suffix of “a12”, the proxy will be “123456789Xa12”.
Can I link the same proxy to different accounts?
Can I link my company’s proxy to my personal account when I register for PayNow Corporate?
Can I link my company’s proxy to an account belonging to a subsidiary?
My company is not incorporated in Singapore. Can I register for PayNow Corporate?
Can I register PayNow Corporate with multiple participating banks?
Receive with PayNow
How can I receive payments with PayNow Corporate?
How will I be notified if a PayNow payment is received?
Pay with PayNow
How can I make payments with PayNow Corporate?
What will happen if my beneficiary’s NRIC/mobile number or UEN was not registered for PayNow?
Can I include detailed payment advice in my PayNow payment instruction?
How will I be notified if my PayNow payments are successful?
What information will be reflected on my bank statement?
1 Customer reference is the reference entered by the payer. Field length for both FAST and GIRO transactions is 35 characters.
Are there changes in the MT940 account statements for PayNow payments?
What will happen if I made payments to an unintended beneficiary?
What is PayNow QR and how does it work?
PayNow QR follows the SGQR standard and allows QR Scan & Pay for PayNow FAST transactions between customers from the PayNow participating banks.