PayNow

Most popular payment method in Singapore

Overview

PayNow is a real-time payment method widely used in Singapore that allows customers to make instant payments using their mobile number or a unique PayNow QR code. It simplifies the payment process by eliminating the need for bank account details, making it a popular choice for both online and offline transactions.

Detail	Description
Fund Credit To	HitPay Wallet
Charge Confirmation	Instant
Presentment Currency	SGD
Settlement Currency	SGD
Minimum Amount	SGD 0.50
Maximum Amount	- (Local) / SGD 200,000 (~US$146,000) (Cross-border)
Daily Limit	Subject to bank’s daily transfer limit
Refund Supported	✓
Supported for online transactions	✓
Supported for in-person transactions (Embedded QR Code)	✓
Supported Countries	ALL (Cross-border Payment Method)
Transactions Fees (Local)	0.65% + SGD 0.30 (for transaction values of SGD 100 and above) 0.9% (min fee SGD 0.20) (for transaction values below SGD 100)
Transactions Fees	Contact Sales

Key Features

• Instant Transfers: Funds are transferred instantly between bank accounts.
• Convenience: Easy setup and use via mobile banking apps.
• Security: Enhanced security features with two-factor authentication.
• Wide Acceptance: Supported by major banks in Singapore.

User Experience

Watch this video to see how the PayNow payment experience looks:

Setup

To set up PayNow as a payment method, follow these steps: PayNow payment method is enabled by default for all Signpaore busiensses. For other countires, make sure to follow the below steps.

1. Navigate to Settings in your HitPay dashboard.
2. Click on Payment Methods.
3. Enable PayNow and configure the necessary options.

Developer Section

Feature	Description
Method Code	paynow
Sandbox Testing	Available
Supports Embedded QR	True
Refund API Support	True
Drop-in UI Support	True

API Testing in Sandbox

Developers can test PayNow integration in the sandbox environment to ensure smooth processing. Use the HitPay API to simulate transactions and verify payment confirmation and error handling mechanisms.

Drop-in UI Support

HitPay offers a drop-in UI component for easy integration of PayNow into your website or app. This allows for a seamless payment experience without the need for extensive development work.

FAQs

What banks support PayNow?

Major banks in Singapore, including DBS, OCBC, and UOB, support PayNow. Ensure that your customer’s bank is part of the PayNow network.

Is there a transaction limit for PayNow?

Transaction limits may vary depending on the customer’s bank policies. Check with the respective bank for specific limits applicable to PayNow transactions.