PayNow Corporate is a service that allows your business to receive payments from other businesses and individuals instantly with just your Unique Entity Number (UEN), a PayNow QR code, or PayNow on SGQR. You can also make payments via PayNow Corporate to businesses using their UENs and to individuals using either their NRIC/FIN or mobile number.
Receive government payouts faster via PayNow Corporate
Cash flow is king in businesses. You can receive your government payouts including the enhanced Jobs Support Scheme and Foreign Worker Levy rebate via PayNow Corporate, and at a faster rate compared to cheques. Register your UEN to receive money via PayNow Corporate now.
Carry on with PayNow campaign
The Association of Banks in Singapore (ABS) is currently encouraging SME^ customers to register and accept PayNow payments by offering cash rewards.
From now till 31 July 2020, ABS will reward you with the benefits below:
- Register your business UEN to accept PayNow and receive a cash incentive of S$25 (limited to the first 20,000 signups across all banks). (FULLY REDEEMED)
- Collect a minimum of 10 PayNow payments to your business UEN during this period* and receive an additional cash incentive of S$25.
*This will be split into 2 qualifying period of 9 April to 31 May 2020 and 1 June to 31 July 2020. Limited to the first 10,000 qualifying SME across all banks per qualifying period. Each SME can get a maximum of 2 rewards for the entire campaign period.
^SME or "Small and Medium Enterprises" refers to companies (i) with at least 30% local shareholding AND (A) with group annual sales turnover of not more than S$100 million OR (B) group of not more than 200 employees.
Solutions to meet your business needs
Receive Payments via UEN / UEN + Suffix
For Self-Employed Persons (SEP)/SME to receive payments for the goods and services provided to their clients
Receive Payments via PayNow on SGQR
For SME that wants to display a static QR code for customers to scan.
Receive Payments via QR Payment Terminal
For SME that wants a terminal that generates dynamic PayNow QR code and provide receipts to customers.
Receive Payments via API Integration
For SME that wants to collect payments from a variety of business platforms such as e-commerce, kiosks, vending machines and many more. This solution requires a one-time technical integration of Application Programming Interface (APIs).
|Maybank Exclusive Offers|
From now till 31 December 2020, enjoy the following:
^Waiver only applicable to solutions 1 and 2
Steps to enable PayNow for new corporate customers
Step 1 : Sign up for Business Internet Banking (BIB) using this form and select "All-in-One" package, which includes the PayNow registration.
Step 2: Based on your preferred business solutions, follow the instructions below
|Solution 1:||Solution 2:||Solution 3:||Solution 4:|
|Receive Payments via UEN / UEN + Suffix||Receive Payments via PayNow on SGQR||Receive Payments via QR Payment Terminal||Receive Payments via API Integration|
|Simply provide your UEN to any customer/vendor/supplier to make payment to you.||For details, contact us at 1800-629 2265 (1800-MAYBANK)||For details, contact us at 1800-629 2265 (1800-MAYBANK)|
Step 3: Reconcile your transactions via Business Internet Banking