PayNow payments are completed in real time, improving cash flow and reducing delays.
PayNow is the preferred payment method for millions of customers in Singapore.
PayNow transaction fees are lower than credit cards, making it a cost-effective cashless option.
HitPay is trusted by over 20,000+ businesses across APAC, and has a Major Payment Institution license with the MAS.
No setup or subscription fees, no hidden fees or surprises. Only pay per transaction.
With HitPay, you can accept PayNow both online and offline.
Shopify
Xero
WooCommerce
Prestashop
Wix
Magento
Sell online
Integrate PayNow on Shopify, WooCommerce, and any e-commerce platform you use to sell online.
Sell in-person
For in-person transactions, HitPay Payment Links function as a PayNow QR code generator, allowing your customers to scan and pay with their mobile banking app.
How to accept PayNow as a business
Businesses can accept PayNow through online checkout, a static QR code in person, or invoices and payment links. HitPay supports all three from one account, with no separate payment-method integration.
Customers complete payment in their existing Singapore banking app. Transactions are confirmed in real time through FAST, with no card details or additional app download required.
Ways customers can pay
Online checkout
Add PayNow to Shopify, WooCommerce, Wix, Magento, or PrestaShop. Customers select PayNow, scan the generated QR or follow the payment reference, then return to your confirmation page.
In-person static QR
Generate a PayNow QR in HitPay, print it, and display it at your counter. Customers scan with their banking app, enter the amount, and you receive a real-time payment notification.
How to set up PayNow QR with HitPay
01 · Create your free HitPay account
Register without a credit card, setup fee, or monthly commitment.
02 · Submit your business details
Provide your Singapore UEN, ACRA registration, and director or owner ID. Most businesses are verified within 24 hours.
03 · Link your business bank account
Connect the Singapore bank account where PayNow settlements should arrive. HitPay supports all major Singapore banks.
04 · Enable PayNow and go live
Enable PayNow under Payment Methods. Download your SGQR-compliant QR, add PayNow to checkout, or share a PayNow-enabled invoice or payment link.
For service businesses and remote sales, payment links and invoices can be shared through WhatsApp, email, or SMS—no website required.
PayNow business fees and payout timing
PayNow gives Singapore businesses a low-cost, real-time payment option for online checkout, in-person QR payments, invoices, and payment links.
Transaction fees
S$100 and above: 0.65% + S$0.30. Below S$100: 0.9%, with a minimum fee of S$0.20. No monthly fee, setup fee, or minimum volume.
From 0.65%
Processing and payout
PayNow payments are processed in real time through FAST. Funds appear in your HitPay account immediately and follow HitPay’s standard Singapore settlement schedule.
PayNow limits and business benefits
No merchant receiving cap
PayNow sending limits are set by the customer’s bank. HitPay does not impose a merchant receiving cap.
Zero card chargeback risk
PayNow is push-based: the customer initiates and authorises the transfer, so card-network chargebacks do not apply.
UEN-based business acceptance
Registered Singapore businesses accept PayNow using a UEN linked to a corporate bank account.
One account, every channel
Use the same HitPay account for QR, online checkout, invoices, payment links, cards, and other local payment methods.
PayNow via HitPay
S$100 and above
0.65% + S$0.30
Below S$100
0.9% · minimum S$0.20
Monthly and setup fees
None
In-person acceptance
Static SGQR-compliant QR
Online acceptance
Checkout, invoice, or payment link
Separate PayNow merchant account
Not required
What is PayNow and how does it work for businesses?
PayNow is Singapore’s real-time interbank payment network. Businesses accept PayNow using their UEN, which is linked to a corporate bank account. Customers pay by scanning a QR code or transferring to the UEN through their banking app, and the payment is processed instantly without a card.
What’s the difference between PayLah! and PayNow?
PayLah! is DBS’s digital wallet app, while PayNow is Singapore’s interbank payment network. PayLah! supports PayNow, so DBS customers can use PayLah! to scan a PayNow QR and pay. Merchants accepting PayNow through HitPay automatically accept payments from PayLah! and other PayNow-enabled banking apps.
How do I receive funds collected via PayNow?
PayNow payments are processed in real time through FAST. Funds appear in your HitPay account immediately and are transferred to your linked Singapore business bank account according to HitPay’s standard settlement schedule.
What is the difference between PayNow, PayNow QR, and SGQR?
PayNow is the payment network. A PayNow QR is a QR code that initiates a PayNow transfer. SGQR is Singapore’s national QR standard that combines multiple payment schemes, including PayNow, into one QR code. HitPay generates SGQR-compliant QR codes automatically.
What is the PayNow transaction limit?
PayNow sending limits are set by the customer’s bank, not by the merchant or HitPay. Individual users are commonly limited to around S$1,000 per day, although limits vary by bank and account settings. Corporate accounts may have significantly higher limits. Merchants do not have a HitPay receiving cap.
How do I register my business for PayNow?
Register your UEN for PayNow through your corporate bank’s online banking portal and link it to your business bank account. When you sign up for HitPay, provide your UEN during verification and connect the Singapore bank account where settlements should arrive.
Does my customer need to download anything to pay via PayNow?
No. Customers can pay using an existing PayNow-enabled Singapore banking app, including DBS, OCBC, UOB, Maybank, Standard Chartered, and others. They do not need to create a new account or download another app.
Can I accept PayNow without a website?
Yes. Create a HitPay payment link or invoice with PayNow enabled and share it through WhatsApp, email, SMS, or social media. Customers open the link and complete payment in their banking app, so no website is required.
Can I accept PayNow on Shopify?
Yes. Install the HitPay payment app in your Shopify store. PayNow will appear as a checkout option, allowing customers to select it, scan the QR code in their banking app, and return to your confirmation page.
Is PayNow safe for businesses? Can customers do chargebacks?
PayNow is push-based, meaning the customer initiates and authorises the transfer. There is no card-network chargeback mechanism. Once a PayNow payment is completed, the customer cannot reverse it through a card dispute process.
Still have questions?
Contact our team.
