PayNow for business

PayNow is extended to businesses

Your business can now receive payments or make transactions easily with PayNow.

To start, simply link your UEN to your SGD Business Account to receive payments instantly to your account through your QR code and/or UEN or make transactions easily without the need for bank account numbers.

Register Now

Benefits for your business

Collect payments directly into your business account. Simply link your UEN to your business account.

Generate QR code easily with OCBC Business Mobile Banking app to start collecting payments instantly.

Pay individuals and businesses without worrying about paying to the wrong account.

How to use PayNow

Register using OCBC Business Mobile Banking app

Step 1

  1. Log in to OCBC Business Banking app, and tap on the top left menu icon
  2. Select Manage Paynow Corporate

Step 2

Link an UEN to your account

Step 3

Enter OTP from your token to authorise

Step 4

Your UEN is now linked to your OCBC business account

*For companies subscribed to Classic Service Package, the registration request will be sent to the authoriser to approve.

Register using Velocity@ocbc

Step 1

Log in to Velocity@ocbc, and select Tools > Link/Manage PayNow Corporate from the top menu tabs

Step 2

Select the OCBC business account you wish to link to your UEN

Step 3

Verify your account details and UEN. Click Submit.

Step 4

Enter OTP to authorise your request

Step 5

Your UEN is now linked to your OCBC business account

*For companies subscribed to Classic Service Package, the registration request will be sent to the authoriser to approve.

Generating QR codes to collect payments

Step 1

  1. Log in to OCBC Business Banking app, and tap on the top left menu icon
  2. Tap on the QR code icon

Step 2

A QR code has been generated. To create a fixed value QR code, simply key in the amount and your reference under 'Amount to collect' and 'Reference'.

Step 3

Select 'Share QR code' to request money through a range of sharing options such as email and text message.


How to use QR to collect

  • On bill payments
  • In-store point of sale
  • On invoices

You can also use your UEN to collect payments

Use the OCBC Business Mobile Banking app

Step 1

  1. Log in to OCBC Business Banking app, and tap on the top left menu icon
  2. Tap on the QR code icon

Step 2

Click on Pay tab and select the account you're making payment from

Step 3

Scan QR code from sender

Step 4

Key in amount or verify amount to pay

Step 5

Review and ensure that the payment details are correct. Hit Submit to transfer.

Step 6

Enter OTP sent via SMS to authorise

Step 7

Payment request is successful. You can make another transfer, or end here and log out from account.

*For first time payee and transaction amount above SGD20,000, token is required.
*Please ensure that you have the PayNow proxy detail (i.e. mobile number/NRIC/UEN) of your payee and that your payees are registered for PayNow.

See how businesses use PayNow

Steve Florist & Gift Centre

Watch this video and learn how PayNow helps their business.

Stuff'd

"Most customers pay in cash and it slows down our service. PayNow addresses this issue directly, making it easy for us to collect using QR code. We will introduce this solution in selected outlets first before rolling it out across our network of 27 stores."

Mathew K George
Head of Operations

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Terms & Conditions

Business Account Terms and Conditions apply for PayNow. Please view here for more information.

Transaction fees apply.

PayNow Corporate is applicable for Singapore-incorporated companies with a valid Unique Entity Number (UEN).

Applicable for Singapore dollar business current accounts only.

PayNow Corporate service is available amongst these participating banks (Citibank, DBS/POSB, HSBC Bank, Maybank, OCBC Bank, Standard Chartered Bank, UOB.)