Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

PayNow

PayNow is Singapore‘s real time payment network, which allows users to do instant money transfer using their mobile number, Singapore National Registration Identity Card (NRIC), and Foreign Identification Number (FIN). This QR payment method is currently very popular and familiar to shoppers, and is also cost-saving for merchants, as its cost is generally lower than cards in Singapore.

Properties

The properties of the PayNow payment method are shown in the following table:

Payment type

Bank transfer

Acquirer

AlipaySG, AlipayUK, AlipayUS, AlipayEU

Acquiring region

SG, AU, HK,

US, EU, UK

Payment flow

Code-scanning

Checkout Payment

✔️

Buyer country/region

Singapore

Auto Debit

Funds deduction

Real-time

Refund

✔️

Processing currency

SGD

Partial refund

✔️

Minimum payment amount

0.01 SGD

Chargeback/Dispute

Maximum payment amount

200,000 SGD

Refund period

60 days

User experience

The following screenshots show the journey of paying with PayNow on different terminals:

Mobile

The following screenshot shows the journey of paying with PayNow on mobile:

Paynow-Mobile-Cashier.png

Figure 1. Payment process with PayNow on mobile

PC

The following screenshot shows the journey of paying with PayNow on PC:

Paynow-PC-Cashier.png

Figure 2. Payment process with PayNow on PC