10 December 2019
Lam Hong Group entities has been registered as a PayNow Merchant. Customers and Business Entities can now make payments to Lam Hong via our PayNow SGQR or Unique Entity Number (UEN).
To learn more on PayNow and SGQR, please visit https://www.abs.org.sg/docs/library/paynow-infographic.pdf
What is PayNow
PayNow is a peer-to-peer funds transfer service available to retail customers of nine participating banks in Singapore – Bank of China, Citibank Singapore Limited, DBS Bank/POSB, HSBC, Industrial and Commercial Bank of China Limited, Maybank, OCBC Bank, Standard Chartered Bank, and UOB.
PayNow offers an enhanced funds transfer experience that enables retail customers of the nine participating banks to send and receive Singapore Dollar funds from one bank to another in Singapore through FAST by using just their mobile number or Singapore NRIC/FIN, almost instantly. The sender no longer needs to know the recipient’s bank and account number when transferring money via PayNow.
PayNow, launched on 10 July 2017 is provided free to retail customers and is available 24/7, 365 days.
What is PayNow Corporate
PayNow is now extended beyond retail customers to corporates, businesses, Singapore Government agencies, associations and societies – collectively “Entities” – through PayNow Corporate of participating banks.
PayNow Corporate enables Entities to pay and receive Singapore Dollar funds instantaneously by linking their Unique Entity Number (UEN) issued in Singapore to their Singapore bank account. They do not need to know the bank and account number of other entities when transferring funds.
To receive funds, entities need to register for the service online at their bank’s banking platform. They can also contact their bank for assistance.
With PayNow Corporate, retail customers of participating banks can now transfer funds to entities and vice versa.
PayNow Corporate is provided by the nine PayNow participating banks.
The option of scanning a QR code to make payments is available. Entities and consumers can now make PayNow transfers by scanning the PayNow QR code using the existing mobile banking applications of the participating banks.