Giving your business more ways to accept payments
As more customers adopt digital payment methods, it is time to equip your business with contactless payment options. Here’s a comparison of our key collection solutions to help you find what is best for you, your employees and customers.
| PayNow for Business |
OCBC OneCollect | OCBC Point-of-Sale (POS) Terminal | OCBC APIs | |
|---|---|---|---|---|
| Overview | Collect payments using your Unique Entity Number (UEN), QR code or SGQR sticker label | Low-cost solution that helps you collect QR payments from PayNow, Alipay+, WeChat Pay, UnionPay, ShopeePay and DuitNow QR | Supports PayNow and all major card schemes such as Visa, Mastercard, Union Pay, American Express, JCB, Diners Club, and EZ-link | Integrates into your preferred platform to generate real-time QR codes and provides instant payment notification |
| Instant notification upon payment | No | Yes | Yes | Yes |
| Daily sales transferred to your account | Transferred instantly | PayNow QR transactions are transferred instantly All other QR wallet transactions are transferred within 2 business days |
PayNow transactions are transferred instantly Card transactions are transferred the next days |
Transferred instantly |
| Daily sales reconcilation report | No | Yes | Yes | Yes |
| How to get started | Learn more | Learn more | Contact us | Contact your relationship manager |
Don’t let cash handling slow down your F&B business during peak hours. Offer contactless payment options to hungry customers to keep the line moving and get notified instantly of successful payments.
Why it's great for your business
Be assured of receipt of payments with real-time notifications
Get a complete picture of your sales across all outlets
PayNow transactions are deposited instantly, improving your cash flow
How some of our solutions can work:
Step 1
Customer places an order
Step 2
Collect payment
Via OCBC OneCollect
With OCBC OneCollect, you can generate QR codes from PayNow, Alipay+, WeChat Pay, UnionPay, ShopeePay and DuitNow QR for your customers to scan and pay.
Via kiosk or online ordering system
OCBC API solution can be embedded into your preferred platform, be it a kiosk or an online ordering web or app. PayNow QR codes are generated instantly when customers select to pay via PayNow.
Step 3
Get payment confirmation
Via OCBC OneCollect
With OCBC OneCollect, you will receive an audible alert and on-screen notification on the app once payment is successfully received. All sales will be consolidated into a daily report for easy reconciliation.
Via kiosk or online ordering system
With real-time confirmation that payment has been made, your customer’s orders can be sent to kitchen immediately. All sales will be consolidated into a daily report for easy reconciliation.
Whether you’re selling wholesale to other businesses or straight to customers, switch to contactless payment options to minimise cash discrepancies.
Why it's great for your business
Avoid having to count and deposit large sums of money
Get notified immediately when a payment is made
Monitor your sales performance via the daily reconciliation report
How some of our solutions can work:
When selling to customers (B2C)
Step 1
Customer is ready to pay
Step 2
Collect payment
Via OCBC OneCollect
With OCBC OneCollect, you can generate QR codes from PayNow, Alipay+, WeChat Pay, UnionPay, ShopeePay and DuitNow QR for your customers to scan and pay.
Via OCBC POS Terminal
Allow more payment options for your customers at checkout. Our OCBC POS Terminal accepts credit/debit card payments across card schemes such as Visa, MasterCard, UnionPay; as well as QR code payments (PayNow, Alipay and WeChat).
Step 3
Get payment confirmation & reports
Via OCBC OneCollect
With OCBC OneCollect, you will receive an audible alert and on-screen notification on the app once payment is successfully received. All sales will be consolidated into a daily report for easy reconciliation.
Via OCBC POS Terminal
Get and sight real-time confirmation on the terminal once payment is processed successfully. All sales will be consolidated into a daily report for easy reconciliation.
When selling to businesses (B2B)
Step 1
Customer places an order
Step 2
Collect payment via PayNow for Business
You can display the static QR label on your invoices, allowing customers to scan and pay upon receiving the goods and/or services.
Step 3
Get payment confirmation
You can check your business account to ensure that the payment has been made.
Providing business services can be complex and competitive. Adopting contactless payment options can lighten the load on your business, so you can focus on providing great service.
Why it's great for your business
Minimise the time your employees spend on counting cash
Get notified immediately when a payment is made
See a full summary of your sales activity across all outlets
How some of our solutions can work:
Step 1
Customer is ready to pay
Step 2
Collect payment
Via OCBC OneCollect
With OCBC OneCollect, you can generate QR codes from PayNow, Alipay+, WeChat Pay, UnionPay, ShopeePay and DuitNow QR for your customers to scan and pay.
Via OCBC POS Terminal
Allow more payment options for your customers at checkout. Our OCBC POS Terminal accepts credit/debit card payments across card schemes such as Visa, Mastercard, UnionPay; as well as QR code payments (PayNow, Alipay and WeChat).
Step 3
Get payment confirmation & reports
Via OCBC OneCollect
With OCBC OneCollect, you will receive an audible alert and on-screen notification on the app once payment is successfully received. All sales will be consolidated into a daily report for easy reconciliation.
Via OCBC POS Terminal
Get and sight real-time confirmation on the terminal once payment is processed successfully. All sales will be consolidated into a daily report for easy reconciliation.
Receiving payments in Singapore dollars
Electronic collections in Singapore dollars
(within OCBC Singapore or other banks in Singapore)
You can set up a collection arrangement to receive scheduled payments from your customers. This arrangement is possible even if your customers do not have an OCBC account.
- Standard processing (GIRO)
- Instant processing (FAST - Fast And Secure Transfers)
| Standard processing (GIRO) | Instant processing (FAST - Fast And Secure Transfers) |
|---|
|
|
Receiving payments in foreign currencies
Incoming funds
To receive payments (telegraphic transfers) in USD, you may provide our intermediary bank’s SWIFT code for faster processing:
JP Morgan Chase Bank, New York, USA
SWIFT BIC code: CHASUS33
Cash
Business Deposit Card
- A cash deposit card to handle your business deposit needs conveniently and securely
- Account information is protected as the Card does not permit withdrawals, transfers or balance enquiries
Learn more about Business Deposit Card
Bulk cash service
We offer deferred counting for prompt and efficient crediting. This offers businesses with large cash deposits the flexibility of engaging third-party courier services for delivery.
Lockbox Service
- End-to-end collection of cheque payments from your customers via designated PO box addresses
- Cheques are processed and credited into your OCBC account daily from Monday to Friday electronically
Bulk Cheque Service
- Suitable for businesses that require a single credit entry for multiple cheque deposits and have high volume of cheques.
- Optional third-party secure courier services for delivery are also available.
Cards Acceptance
- Enable your business to collect credit card payments via Visa & Mastercard and more
- In-store sales through credit card terminals including contactless payments and other forms of mobile payment
- Online sales and services through internet payment