PayNow Corporate allows you to receive payments from businesses and individuals instantly with just your Unique Entity Number (UEN) or a PayNow QR code. You can also make payments via PayNow Corporate to businesses using their UEN and to individuals using either their NRIC/FIN or mobile number.
The greatest advantage of PayNow Corporate is that you will receive payments instantaneously. This is better than cash and cheque as you will still need to deposit the cash into a bank. For added convenience, you may also generate a PayNow QR code to be displayed at your business premise(s), invoices, website, blog or other social media channels.
Note: We will notify you of the status once the registration has been completed.
PayNow Corporate allows you to receive payment from businesses and individuals instantly with just your Unique Entity Number (UEN). You can also make payment via PayNow to businesses using their UEN and to individuals using either their NRIC/FIN or mobile number.
UEN is the standard identification number of an entity.
It is issued to entities such as businesses, local companies, LLPs, societies and representative offices that are recognised by a UEN Issuance Agency (e.g. ACRA, ROS).
Payments received are instantly credited into your bank account linked to your UEN.
Only the UEN is required, there is no need to disclose your bank account details.
Reduce cost of processing payments (via cash / cheque).
PayNow Corporate will be available from 13 August 2018, 8 am to business and corporate customers of the seven participating banks.
The PayNow Corporate participating banks are Maybank, Citibank, DBS Bank, HSBC, OCBC Bank, Standard Chartered Bank and United Overseas Bank.
Yes. PayNow Corporate is secure and it adopts the same high security standards established by the banking industry.
Please click here for the updated fees and charges where applicable.
You must link your UEN to any of your Maybank SGD Corporate Account.
In order to register for PayNow Corporate, you must have:
A Maybank SGD Corporate Account
A valid UEN issued in Singapore
PayNow Corporate is currently only available to entities incorporated in Singapore.
Simply fill up the PayNow registration form and send the completed form to email@example.com
The Authorised Person or the Authorised Signatory of the accounts being linked can sign the registration form on behalf of the company.
You will be notified via Letter/Email/SMS within 5 days from the receipt of the application. (Applicable to application forms received after 13 August 2018.)
Yes, you have 2 options:
De-link your UEN to the account from the other bank and link it to the Maybank SGD Corporate Account;
Create a new PayNow ID by appending a 3-character alphanumeric suffix to your UEN and linking it to the Maybank SGD Corporate Account. Inform your customers/payers about your new PayNow ID or display the PayNow QR code at your business premise(s), invoices, website, blog or other social media channels.
The PayNow ID will be de-registered upon account closure. There is no action required from you.
You will be able to identify payments with the tag "Inward PayNow". Payments received via PayNow Corporate can be viewed at the methods below:
Login in to Business Internet Banking (PayNow Transaction Report)
From 13 August 2018, you will be able to make payment(s) via PayNow Corporate from Business Internet Banking (BIB) if you have already enrolled for Funds Transfer service.
Customers with enquiry-only access to BIB or need to add/amend the authorized person(s) to allow them to do Funds Transfers simply need to submit the “BIB Maintenance form” to opt-in for Funds Transfer service.
Customers without Maybank Business Internet Banking (BIB) may apply for BIB by completing the “BIB Application form” and dropping it off at any of our branches.