HSBC PayNow Corporate

The corporate version of PayNow is now live and HSBC Singapore is one of the seven banks participating in this platform. PayNow Corporate is an enhanced funds transfer service that offers the potential to deliver significant efficiencies in how you send, receive and reconcile Singapore Dollar funds locally using an account alias.
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Receiving funds

  • STEP 1: Register your UEN as an alias and link it to an account with HSBC via HSBCnet. A 3 alpha-numeric suffix can be added to your UEN to create multiple PayNow aliases, linked to multiple accounts.
  • STEP 2: Once registered, display your UEN or QR code3 at your collection channels for your customers and business partners to make payments to you.
  • STEP 3: Funds will be credited to the account you have designated and transactions will be displayed on HSBCnet and your bank statements. Reconcile your collections easily with bank details provided.

Making payments

  • STEP 1: Login to HSBCnet and select payment using an alias (mobile number, NRIC number or UEN).
  • STEP 2: Review the nickname and confirm the payment. Request authoriser to approve payment.
  • STEP 3: Transaction will be processed through FAST. You can choose to receive an email/SMS payment confirmation via the payment advising functionality.

What our client says

As a market research company, Blackbox regularly disburses monetary honorariums to focus group participants/interviewees. Typically, the honorariums are given out in cash – participants would want to be remunerated immediately for their time (as opposed to cheque payment which takes up too much time).

With PayNow Corporate, Blackbox hopes to minimise these operational and personnel risks.


There is greater productivity and efficiency, saving us time and resources – our colleagues will no longer have to make withdrawals and account for the distribution manually. The fast convenient payment will also be a big plus for our interviewees.

David Black Managing Director of Blackbox

PayNow is now in business

PayNow QR4

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.

1 For single transaction submission via Fast and Secure Transfer (FAST)
2 Available on selected PayNow participating bank apps only
3 This is a separate service request for HSBC to assist with QR code generation
4 The PayNow QR code will be integrated with the Singapore Quick Response Code (SGQR) when it is launched later this year

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