Organization : United Overseas Bank Limited
Facility : PayNow Service
Country : Singapore
Website : http://www.uob.com.sg/personal/index.page
Details Here : http://www.uob.com.sg/personal/ebanking/mykey.html#why-you-need-paynow
PayNow Service :
Why You Need PAYNOW?
Services :
Receive money directly into your bank account with just your mobile number.
Related : UOB Mighty Bank Singapore : www.statusin.org/39490.html
Save Time :
Send money to the right person by being able to validate it instantly.
Secure Transactions :
Get notified via SMS on your fund transfer status.
How to register for Paynow :
What you will need :
3 minutes | Access to UOB Mighty or Personal Internet Banking | Your mobile phone for an SMS one-time-password
Services :
Step 1 : Login to Personal Internet Banking or UOB Mighty.
Step 2 : Select “Manage PayNow” on the navigation bar in Personal Internet Banking or at the bottom of UOB Mighty.
Step 3 : Follow the on-screen instructions. You will receive an OTP on your mobile to verify your phone number.
FAQs :
1. Why is there a need for PayNow?
PayNow was introduced in response to the increased demand from customers to make funds transfer more convenient and efficient.
2. Which are the participating banks of PayNow?
PayNow is currently offered by 7 banks — Citibank Singapore Limited, DBS Bank/POSB, HSBC Bank (Singapore) Limited, Maybank, OCBC Bank, Standard Chartered Bank and United Overseas Bank. More banks may join at a later date.
3. Are transfers via PayNow secure?
Yes, PayNow is secure and adopts the same high security standards established by the banking industry in Singapore for funds transfer.
4. Are there minimum and maximum transaction limits for using PayNow?
You can transfer funds subject to your daily or monthly withdrawal limits. Please refer here for more information.
5. What are the operating hours of PayNow?
PayNow is riding on the FAST platform and therefore operates 24/7.
6. Who can use PayNow?
Customers of the 7 participating banks can use PayNow.
7. How can I access the PayNow service?
You can access PayNow using UOB Personal Internet Banking/UOB Mighty.
8. How do I use PayNow to receive funds?
You can only receive funds sent via PayNow if you have linked your mobile number and/or Singapore NRIC/FIN to your bank account number. This can be done via UOB Personal Internet Banking/UOB Mighty.
Please note that you can only receive funds to the account you have linked your mobile number and/or Singapore NRIC/FIN to. If you want to receive funds to another account within UOB, you can do it from the “Manage PayNow” section, but if you want to receive funds to UOB account changing from another participating bank account, you will have to de-register your mobile number with the first bank and link your mobile number at the other bank.
9. How do I use PayNow to transfer funds?
You can access PayNow using UOB Personal Internet Banking/UOB Mighty. At the funds transfer screen, enter the recipient’s mobile number or NRIC/FIN, and the amount to be transferred — and the funds are transferred almost instantly
10. Can I transfer money from a PayNow participating bank to a non-PayNow participating bank?
No. PayNow only enables funds transfer between participating banks. Funds between a participating and non-participating bank can be transferred via other channels such as FAST or Interbank GIRO.