PayNow Corporate supports funds transfers to beneficiaries 24 x 7 x 365 via FAST.
Make and receive payments easily with just a valid account alias - NRIC number, mobile number or UEN.
Funds transfers can now be made with just a valid account alias, minimising the need to share, collate and maintain bank account details.
Funds are credited within 5 minutes1 and you will be able to get real-time updates on payment status via HSBCnet.
With real-time updates on payment status via HSBCnet, you will be able to confirm payments with certainty to your business partners and customers, reducing payment reconciliation tasks.
Utilise a QR code to facilitate collections – entities and consumers can now make PayNow transfers by scanning the PayNow QR code using their existing mobile banking applications2.
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.
PayNow is now on SGQR. Click here to find out more.
1 This is a separate service request for HSBC to assist with QR code generation