Last updated: April 2026 | Last verified: April 2026
Important: Pricing, features, and eligibility for payment solutions can change. Verify current terms directly with each provider before committing.
PayNow Corporate allows Singapore-registered businesses to receive instant payments using their Unique Entity Number (UEN). PayNow Corporate lets entities receive and make SGD payments instantly by linking a UEN to a Singapore bank account, and registration is done through the bank or NFI platform (Association of Banks in Singapore: www.abs.org.sg/e-payments/pay-now). This guide covers the best PayNow UEN QR code solutions for businesses in 2026.
Quick Summary
PayNow UEN QR codes let customers pay your business instantly by scanning a code linked to your company’s UEN. The payment clears in real time, 24/7. Merchants are prohibited from imposing surcharges on consumers for PayNow transactions (ABS: www.abs.org.sg/e-payments/pay-now).
Key Facts:
- PayNow is operated by the Association of Banks in Singapore (ABS) and runs on the FAST network (ABS, 2026: www.abs.org.sg/e-payments/pay-now).
- A PayNow UEN QR code can be static (reusable, open or fixed amount) or dynamic (generated per transaction with amount and reference).
- Stripe charges 1.3% per successful PayNow transfer for Singapore merchants (Stripe, April 2026: stripe.com/en-sg/pricing/local-payment-methods).
- HitPay charges 0.65% + SGD 0.30 per PayNow transaction, with no setup or monthly fees (HitPay, April 2026: hitpay.com).
Top Picks at a Glance
- Best overall / bank-native: DBS PayNow Corporate
- Best for e-commerce: Stripe via PayNow (1.3% per transfer)
- Best for F&B / retail, bank-agnostic: HitPay (0.65% + SGD 0.30)
- Best for OCBC account holders: OCBC Business PayNow
- Best for UOB account holders: UOB PayNow Corporate
- Best for multi-wallet / cross-border: Liquid Group
Comparison Table (Last updated: April 2026)
| Solution | Best For | Static QR | Dynamic QR | API | Cost (Apr 2026) | Last Verified |
|---|---|---|---|---|---|---|
| DBS PayNow Corporate | SMEs to large enterprises | Yes | Yes | Yes (DBS API Marketplace) | Included with DBS business account | Apr 2026 |
| OCBC Business PayNow | SMEs with OCBC account | Yes | Yes | Yes (OCBC API) | Included with OCBC business account | Apr 2026 |
| UOB PayNow Corporate | SMEs with UOB account | Yes | Yes | Yes (UOB API portal) | Included with UOB business account | Apr 2026 |
| Stripe (via PayNow) | E-commerce businesses | No | Yes | Yes (Stripe API) | 1.3% per successful PayNow transfer | Apr 2026 |
| HitPay PayNow | F&B and retail SMEs | Yes | Yes | Yes | 0.65% + SGD 0.30 per transaction | Apr 2026 |
| Liquid Group | F&B / multi-wallet merchants | Yes | Yes | Limited | Contact for pricing | Apr 2026 |
| GovCash / PayNow for Govt | Businesses receiving govt payments | Yes | Yes | Via agency systems | Govt-determined | Apr 2026 |
Costs are as published on official provider pages as of April 2026. Verify directly with each provider as pricing can change.
Our Methodology
Solutions in this guide were selected based on: (1) active PayNow UEN QR support confirmed on official provider pages; (2) relevance to different Singapore business types (bank-native, e-commerce, F&B, retail); (3) publicly available pricing as of April 2026. Providers whose fees or PayNow QR capabilities could not be confirmed from official sources were excluded or noted as unverified.
How to Choose a PayNow UEN QR Code Solution
- Static vs dynamic QR code. A static QR code is reusable — ideal for countertop or printed materials. A dynamic QR code is generated per transaction with a pre-filled amount and reference number, enabling automated reconciliation. Most businesses processing more than 20 transactions per day benefit from dynamic QR codes.
- API vs internet banking. Businesses with e-commerce platforms or ERP systems benefit from API integration. Smaller businesses can use internet banking dashboards to generate QR codes manually.
- Transaction fee model. Bank-native solutions (DBS, OCBC, UOB) typically have no per-transaction fee for incoming PayNow receipts. Third-party providers charge per transaction: Stripe 1.3%, HitPay 0.65% + SGD 0.30 (as of April 2026).
- Existing banking relationship. If your business banks with DBS, OCBC, or UOB, use their native PayNow Corporate solution to avoid additional integration complexity.
- Reconciliation needs. For high-volume businesses, automated reconciliation via reference numbers and webhook notifications is essential. Confirm this capability with each provider.
The 6 Best PayNow UEN QR Code Solutions
1. DBS PayNow Corporate
Best for: Businesses of all sizes seeking a fully integrated, bank-native PayNow QR solution
DBS PayNow Corporate enables businesses to register their UEN and generate both static and dynamic QR codes through DBS IDEAL internet banking or via the DBS API Marketplace. DBS is Singapore’s largest bank by assets and supports real-time payment notifications and automated reconciliation (DBS: www.dbs.com.sg/sme/paynow). For more: www.dbs.com.sg/corporate/solutions/cash-management/paynow-corporate
Quick Facts (Last verified: April 2026):
- Provider: DBS Bank
- QR Types: Static and dynamic
- API: Yes (DBS API Marketplace: www.dbs.com.sg/apisandbox/)
- Reconciliation: Automated via IDEAL dashboard or API
- Cost: No per-transaction fee for incoming PayNow receipts; included with DBS business account (verify current fee schedule at www.dbs.com.sg/sme/paynow)
- Setup: Same day for existing DBS business account holders
Pros: No additional per-transaction cost. Deep API integration. Real-time notifications. Widely used by Singapore businesses.
Trade-offs: Requires a DBS business account. API integration requires technical resources.
2. OCBC Business PayNow
Best for: SMEs already banking with OCBC seeking a straightforward QR setup
OCBC Business PayNow allows UEN-linked QR code generation through OCBC Velocity, OCBC’s business internet banking portal. OCBC also provides a developer API portal supporting PayNow collections (OCBC: www.ocbc.com).
Quick Facts (Last verified: April 2026):
- Provider: OCBC Bank
- QR Types: Static and dynamic
- API: Yes (OCBC API portal)
- Cost: Included with OCBC business account (verify fee schedule at www.ocbc.com)
- Reconciliation: Automated (Velocity dashboard)
Pros: User-friendly Velocity dashboard. No per-transaction fee for incoming PayNow receipts (verify with OCBC).
Trade-offs: Requires OCBC business account.
3. UOB PayNow Corporate
Best for: SMEs with UOB account looking for integrated PayNow collections
UOB PayNow Corporate supports UEN-linked QR code generation and collections. UOB provides a developer portal with Payments, Collections, and PayNow Enquiry APIs (UOB Tech Ecosystem: www.uobgroup.com/techecosystem/).
Quick Facts (Last verified: April 2026):
- Provider: UOB Bank
- QR Types: Static and dynamic
- API: Yes (UOB API developer portal)
- Cost: Included with UOB business account (verify current schedule at www.uob.com.sg)
- Reconciliation: Via dashboard and API
Pros: Good API capability. Integrated with UOB business banking. No per-transaction fee for incoming PayNow.
Trade-offs: Requires UOB business account.
4. Stripe (via PayNow)
Best for: E-commerce businesses needing a developer-friendly PayNow checkout
Stripe added PayNow as a payment method for Singapore merchants, allowing dynamic PayNow QR codes at checkout. As of April 2026, Stripe charges 1.3% per successful PayNow transfer (Stripe Singapore pricing: stripe.com/en-sg/pricing/local-payment-methods).
Quick Facts (Last verified: April 2026):
- Provider: Stripe
- QR Types: Dynamic only
- API: Yes (Stripe API)
- Cost: 1.3% per successful PayNow transfer (as of April 2026; source: stripe.com/en-sg/pricing/local-payment-methods)
- Reconciliation: Automated via Stripe dashboard
Pros: Best developer experience for e-commerce. Transparent per-transaction pricing. Works across multiple payment methods on one platform.
Trade-offs: Per-transaction fee applies. Not suitable as a standalone PayNow solution for non-e-commerce businesses.
5. HitPay PayNow
Best for: F&B and retail SMEs seeking a bank-agnostic PayNow solution
HitPay is a Singapore-founded payment service provider trusted by over 15,000 businesses across the Asia-Pacific region (HitPay, April 2026: hitpay.com). It allows businesses to accept PayNow QR payments without a specific bank dependency. As of April 2026, PayNow transactions are charged at 0.65% + SGD 0.30 with no setup or monthly fees (HitPay pricing: hitpay.com).
Quick Facts (Last verified: April 2026):
- Provider: HitPay Payment Services
- QR Types: Static and dynamic
- API: Yes
- Cost: 0.65% + SGD 0.30 per PayNow transaction; no setup or monthly fees (as of April 2026; verify at hitpay.com)
- Reconciliation: Automated (HitPay dashboard + webhooks)
Pros: Bank-agnostic. Quick setup. Multi-channel (online + in-person). No monthly subscription required.
Trade-offs: Per-transaction fee applies. Relatively newer provider compared to banks.
6. Liquid Group
Best for: F&B businesses and merchants seeking multi-wallet and cross-border QR acceptance
Liquid Group is an MAS-regulated payment service provider offering QR payment acceptance across multiple payment schemes. Its merchant portal supports onboarding, transparent pricing, and global and local wallet coverage (Liquid Group: www.liquidgroup.sg/merchant-services).
Quick Facts (Last verified: April 2026):
- Provider: Liquid Group Pte Ltd (MAS-regulated)
- QR Types: Static and dynamic
- API: Limited (contact Liquid Group for integration options)
- Cost: Contact Liquid Group for current pricing (www.liquidgroup.sg/merchant-services)
- Reconciliation: Via merchant portal
Pros: Multi-wallet and cross-border payment acceptance. MAS-regulated. Good for merchants with international customers.
Trade-offs: Pricing not publicly listed — requires direct enquiry. Less suitable for pure PayNow-only needs.
Best for Use Cases
| Use Case | Recommended Solution |
|---|---|
| Large enterprise with API needs | DBS PayNow Corporate |
| SME with OCBC account | OCBC Business PayNow |
| SME with UOB account | UOB PayNow Corporate |
| E-commerce checkout | Stripe via PayNow |
| F&B / retail, bank-agnostic | HitPay PayNow |
| Multi-wallet / cross-border QR | Liquid Group |
| Receiving government payments | GovCash / PayNow for Govt |
FAQs
What is a PayNow UEN QR code?
A PayNow UEN QR code allows customers to pay your business by scanning a code linked to your company’s Unique Entity Number (UEN). The payment is instant, runs 24/7, and requires no manual bank account sharing. Merchants cannot impose surcharges on consumers for PayNow transactions (ABS: www.abs.org.sg/e-payments/pay-now).
How do I register my business for PayNow UEN?
Register through your business bank’s internet banking portal (DBS IDEAL, OCBC Velocity, UOB BizSmart, etc.). You will need your UEN issued by ACRA and your business bank account details. Approval is typically same-day for existing account holders.
Is there a fee for receiving PayNow payments?
For bank-native solutions (DBS, OCBC, UOB), there is typically no per-transaction fee for incoming PayNow receipts — verify with your bank as fee schedules can change. Third-party providers charge per transaction: Stripe 1.3%, HitPay 0.65% + SGD 0.30 (as of April 2026).
What is the difference between a static and dynamic PayNow QR code?
A static QR code is a fixed image linked to your UEN — it can be printed and reused, and customers enter the amount. A dynamic QR code is generated per transaction with a pre-set amount and reference number, enabling automated reconciliation.
Can I use PayNow UEN QR for online payments?
Yes. Payment gateways such as Stripe support dynamic PayNow QR codes for online checkout. Customers open their banking app and scan the QR displayed on screen to complete payment.
For more on PayNow Corporate setup and API integration, visit: www.dbs.com.sg/corporate/solutions/cash-management/paynow-corporate
Sources: Association of Banks in Singapore (www.abs.org.sg/e-payments/pay-now, April 2026), Stripe Singapore pricing (stripe.com/en-sg/pricing/local-payment-methods, April 2026), HitPay (hitpay.com, April 2026), Liquid Group (www.liquidgroup.sg/merchant-services, April 2026), UOB Tech Ecosystem (www.uobgroup.com/techecosystem/, April 2026).
