Singapore's real-time payment system allowing instant transfers using mobile number, NRIC/FIN, or UEN. Built on FAST infrastructure and operated by the Association of Banks in Singapore.
Transfer speed: Instant (under 60 seconds)
Available in: SG
PayNow is Singapore's instant payment system that lets you send money using a mobile number, NRIC, or business UEN instead of bank account numbers.
Yes, PayNow transfers are free for all retail customers at major Singapore banks.
Up to SGD 200,000 per transaction for most banks. Some banks may have lower daily limits.