Asia2017

PayNow

🇸🇬 SingaporeSGD (Singapore Dollar)

IssuerAssociation of Banks in Singapore (ABS) / NETS (Banking Computer Systems)Visit issuer →

Payment Types

P2PP2BNRIC/FIN-based transfersPhone number-based transfersUEN-based (business) transfersQR Code payments (SGQR)Cross-border transfers

Key Features

NRIC/FIN, mobile number, UEN addressing
SGQR unified QR standard
Built on FAST (Fast and Secure Transfers) infrastructure
Cross-border linkages: Thailand (PromptPay), India (UPI), Malaysia (DuitNow), Indonesia
World's first cross-border IPS linkage (with PromptPay, 2021)

Statistics

notePioneer of cross-border instant payment linkages (PayNow-PromptPay was world's first)

Profile

NetworkPayNow

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