PayNow for businesses

PayNow for businesses

Receive payments faster and safely with PayNow

Why you will love this

Only one SGQR label is needed for multiple e-payments providers

Can be used on invoices

Reduce clutter on store front

Easy collection and quicker payment processing

Register now

PayNow is a funds transfer service that enables your business to collect and make payments in Singapore dollars instantly.

BENEFITS FOR YOUR BUSINESS

Fee waiver till 2025

Free to receive PayNow payments (till 31 Dec 2025)

Free to receive PayNow payments (till 31 Dec 2025)

Save costs

Save on cash and cheque handling fees

Save on cash and cheque handling fees

Direct credit

Collect payment instantly into your business accounts

Collect payment instantly into your business accounts

More ways to collect

Safer and more accurate way to collect from participating banks and E-Wallet providers

Safer and more accurate way to collect

Use on your invoice

Include QR code into your invoices

Include QR code into your invoices

SEE HOW BUSINESSES USE PAYNOW

Steve Florist & Gift Centre

Watch this video and learn how PayNow helps their business.

Shalom International Movers

Watch this video and learn how PayNow helps their business.

Testimonials

Stuff'd — Mathew K George, Head of Operations

Stuff'd — Mathew K George, Head of Operations

“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.”

Josiah — Wendy Tan, Co-Founder

Josiah — Wendy Tan, Co-Founder

“Since implementing PayNow QR code in our digital invoices for parents, it is now easier for parents to sign-up and pay for enrichment classes. The impact has been great, there are now zero no-shows. PayNow QR has tremendously helped our business. With the addition of PayNow into SGQR, it will be easier for businesses to expand their collection modes.”

Read more

Receive government payouts

Use PayNow to receive government payouts instantly

Receive eligible government payouts via PayNow from initiatives such as the Jobs Support Scheme and Foreign Worker Levy rebate that was announced during Budget 2020 and enhanced with the Resilience and Solidarity Budgets.

HOW TO REGISTER PAYNOW

Register for PayNow online through Business Internet Banking (OCBC Velocity) or Business Mobile Banking



Via Business Mobile Banking app


1

Log in and go to “Settings” > “Manage PayNow & SGQR”

2

Follow on-screen instructions to link your UEN to your OCBC Business Account


Via Business Internet Banking (OCBC Velocity)


1

Log in and go to “Tools” > “Manage PayNow & SGQR”

2

Click on “PayNow” tab

3

Follow on-screen instructions to link your UEN to your OCBC Business Account

Note:
To receive government subsidies and payouts, please register your UEN (without suffix) to your OCBC Business Account.

If you are not subscribed to OCBC Velocity or on the OCBC Velocity "Basic" or "Flex Service Packages", you can still register for PayNow with this form.

Via Business Mobile Banking app


1

Log in to your OCBC Business Banking app
On menu icon, select: "Settings" > "Manage Paynow & SGQR"

2

Select "Create New Label" or "Update Existing Label" and follow the on-screen instructions.


Via Business Internet Banking (OCBC Velocity)


1

Log in to OCBC Velocity
In menu bar, select: "Tools" > "Manage PayNow & SGQR"

2

Select "Create new SGQR label" or "Update existing SGQR label" and follow the on-screen instructions

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

Useful Articles and guides

What Is PayNow For Business And 4 Reasons Why Businesses Should Adopt It Soon

Read more

PayNow vs Pay Anyone vs PayLah: What’s The Difference – And Which Should You Use?

Read more

REGISTER FOR PAYNOW & SGQR

Register now with your OCBC Business account

Register now

Or if you have not applied for OCBC Velocity, apply here.

FAQS
Common questions
More questions and answers
How soon will my PayNow registration be completed?

For registration online, it will be immediate.

For registration via form, it will be completed within 5 business days from receiving the form.

How do I know if my PayNow registration is successful?

For registration online, you will be notified via SMS and/or email with your contact details registered in OCBC Velocity.

For registration via form, you will be notified with a physical letter.

Do I have to pay for receiving PayNow payments?

We are waiving the fee to receive PayNow payments till 31 December 2025.

What is SGQR?

SGQR combines multiple QR payment options, including PayNow QR, into one. All QR payment options accepted by your business will be displayed on your SGQR label.

More questions and answers