PayNow FAQs

Frequently Asked Questions

  1. How do I register for a PayNow account?
    You may register for a Paynow account through your bank. PayNow is available to business and corporate customers of these 9 participating banks: United Overseas Bank, Citibank*, DBS/ POSB, HSBC, Maybank, OCBC, Standard Chartered Bank, Bank of China, ICBC *Citibank customers are not able to scan & pay as Citibank banking app does not have an in-app scanner Note: More banks may join in at a later date. Please refer to ABS website for the latest list of participating banks

  2. How do I make payments to M1 via PayNow?
    1. Launch applicable banking app
    2. Select Scan QR / Scan & Pay option in the app
    3. Scan QR code
    4. Confirm Payment
  3. Are transfers via PayNow safe and secure?
    Yes. PayNow is secure and adopts the same high security standards established by the banking industry in Singapore for funds transfer.

  4. Is there a payment limit for PayNow?
    The maximum limit for PayNow transfers via scanning of the PayNow QR code is up to a cumulative daily limit of $1,000.00. For PayNow transfers above S$1,000, you will need to perform transaction signing (using your internet banking token) to add the recipient as a payee.

  5. Are there any fees associated with using PayNow?
    There are no fees associated with using PayNow, as of July 2017.

  6. How long does it take for M1 to receive payments made via PayNow?
    Payments to M1 via PayNow will be routed via FAST. Funds would be credited within 1 minute after payment completion.

  7. What are the cut-off times for PayNow payments?
    PayNow payments made via FAST are available 24x7