PayNow is a new service that enables customers of participating banks to send and receive funds almost instantly from one account to another, within the same bank or to other banks using just their mobile number, Singapore National Registration Identification Card number (“NRIC”) or to a Unique Entity Number (UEN) issued by the Singapore government to corporate entities.

PayNow QR is a unique two-dimensional barcode that may be generated by a participating bank for users who are registered with PayNow. The registered users can receive funds using the PayNow service when other customers scan their QR codes.

How can I access the PayNow QR service?

You can scan PayNow QR codes using Scan & Pay feature on our Standard Chartered Mobile Banking app.

Do I need to add a payee before making a transfer via Scan & Pay or can I perform ad-hoc transfers? Is there a transfer limit?

With Scan & Pay, PayNow QR service, you can make a one-time transfer by scanning the recipient’s PayNow QR code. You do not need to add the recipient as a payee. The total daily limit of all your one-time PayNow transfers and PayNow QR payments is S$1,000. Beyond this limit, you can make PayNow QR payments up to a maximum of S$50,000, by entering an additional PIN / password. For the avoidance of doubt, where you make PayNow Transfer(s) using a Third-Party Platform, such PayNow Transfer(s) will also be subject to the same total maximum daily transfer limit (calculated on a cumulative basis) of S$1,000 as referred to above. As an example, if you have already made a PayNow QR Transfer of S$600 using the Bank’s mobile app , you will only be allowed to make a PayNow Transfer of a maximum amount of S$400 using a Third-Party Platform on the same day.

Will I be charged any fees for using PayNow or PayNow QR service?

At present, the bank is not charging any fees for customers using PayNow or PayNow QR. If the bank intends to charge any fees, advance notice will be given to customers.

Can I use PayNow to transfer funds to a foreign currency account?

No. PayNow can only be used for Singapore Dollar funds transfers between the PayNow participating banks.

Can I set up future-dated transfers or recurring transfers via PayNow?

Future-dated transfers and recurring transfers are not supported via PayNow currently.

Can I scan QR codes belonging to other schemes and providers (e.g. Visa, Mastercard, Grabpay etc.) using Scan & Pay?

No. At present, Scan & Pay can only be used for scanning PayNow QR codes.

Scan And Pay

What is PayNow?

PayNow is a new service that enables customers of participating banks to send and receive funds almost instantly from one account to another, within the same bank or to other banks using just their mobile number, Singapore National Registration Identification Card number (“NRIC”) or to a Unique Entity Number (UEN) issued by the Singapore government to corporate entities.
What is PayNow QR?

PayNow QR is a unique two-dimensional barcode that may be generated by a participating bank for users who are registered with PayNow. The registered users can receive funds using the PayNow service when other customers scan their QR codes.
How can I access the PayNow QR service?

You can scan PayNow QR codes using Scan & Pay feature on our Standard Chartered Mobile Banking app.
Do I need to add a payee before making a transfer via Scan & Pay or can I perform ad-hoc transfers? Is there a transfer limit?

With Scan & Pay, PayNow QR service, you can make a one-time transfer by scanning the recipient’s PayNow QR code. You do not need to add the recipient as a payee. The total daily limit of all your one-time PayNow transfers and PayNow QR payments is S$1,000. Beyond this limit, you can make PayNow QR payments up to a maximum of S$50,000, by entering an additional PIN / password.

For the avoidance of doubt, where you make PayNow Transfer(s) using a Third-Party Platform, such PayNow Transfer(s) will also be subject to the same total maximum daily transfer limit (calculated on a cumulative basis) of S$1,000 as referred to above. As an example, if you have already made a PayNow QR Transfer of S$600 using the Bank’s mobile app, you will only be allowed to make a PayNow Transfer of a maximum amount of S$400 using a Third-Party Platform on the same day.
Will I be charged any fees for using PayNow or PayNow QR service?

At present, the bank is not charging any fees for customers using PayNow or PayNow QR. If the bank intends to charge any fees, advance notice will be given to customers.

Can I use PayNow to transfer funds to a foreign currency account?

No. PayNow can only be used for Singapore Dollar funds transfers between the PayNow participating banks.
Can I set up future-dated transfers or recurring transfers via PayNow?

Future-dated transfers and recurring transfers are not supported via PayNow currently.
Can I scan QR codes belonging to other schemes and providers (e.g. Visa, Mastercard, Grabpay etc.) using Scan & Pay?

No. At present, Scan & Pay can only be used for scanning PayNow QR codes.

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Scan and Pay using a QR code? Of course you can.

Make transfers and payments using QR code

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