This page covers PayNow dynamic QR codes, which are generated per payment. If you want to collect payments using a fixed business UEN, please refer to the Global Account solution .
Reach Singapore shoppers with PayNow
PayNow is a popular instant bank transfer network in Singapore. It allows the shoppers to make a payment using their preferred app from participating banks and participating non-bank financial institutions.
Supported banks/ non-bank financial institution list: PayNow Singapore
Payment method properties
| Features | PayNow |
|---|---|
| Payment type | Instant Bank Transfer |
| Available for businesses registered in | HK, CN, AU, UK, EU, SG, US, NZ, MY |
| Activation time for onboarding | Instant |
| Shopper regions (typically used by payers from) | SG |
| Processing currencies | SGD |
| Settlement currencies | SGD, or in your default settlement currency if your account does not support the above settlement currencies. |
| Settlement schedule | T+1 calendar day |
| Minimum transaction amount | 0.5 SGD |
| Maximum transaction amount | 200,000 SGD, subject to internet banking limit |
| Session timeout | 10 minutes |
| Recurring Payment | |
| Refunds | within 90 days |
| Partial Refunds | within 90 days |
| Disputes (chargebacks) | |
| Placing a hold (delayed/manual capture) | |
| Descriptor (what the payer will see in their transaction history) | SG legal entity: Your registered business name Non-SG legal entities: “Airwallex” will be appended before your business name in this format “Airwallex + your registered business name” |
| Payments for Platforms support |
SGD settlement is enabled by default. If you need USD settlement, please reach out to your Airwallex account manager or [email protected].
Choose the integration method that best suits your needs
Airwallex has built a range of client-side integration methods that allow you to manage your UI, minimize your implementation effort, and allow you to get to market quickly.
| Online payments via your own website/app | Online payments via ecommerce plugins | Payment links & Invoice Integrations |
|---|---|---|
| Hosted Payment Page Drop-in Element Embedded Elements Mobile SDK Native API Subscription APIs | Shopify WooCommerce SHOPLINE Shoplazza Magento | Payment Links Xero Invoice |
Payer experience
This product supports payment collection via dynamic QR codes. Payments made by entering a UEN instead of scanning the QR code are not supported. Any such payments will be automatically refunded to your customers within the same day.
To pay with PayNow, shoppers simply scan the QR code using their banking app. The payment is confirmed instantly once completed.
