Redeem Z.com Research Points with Pay Now
More than 7.6 billion monthly transaction values (as of the end of 2021) have been recorded for PayNow, making it one of the most popular payment methods in Singapore.
You can now redeem your prizes from Z.com Research by using PayNow, ensuring that your transactions are secure and seamless. We are going to assist you in learning more about Pay Now and how you may take advantage of it in the following post.
What is PayNow?
PayNow, was introduced by the Association of Banks in Singapore (ABS) as a means of transferring money. Participants in this system include the following nine financial institutions: 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. This system enables users of nine different banks to transfer cash in Singapore dollars to any other individual with an account with one of these nine participating banks. You will just require the cellphone number, Singapore NRIC/FIN, or UEN of the receiver to whom you are sending a payment in order to complete the transaction.You can use your cell number to make payments to individuals and businesses through PayNow, a safe and secure payment system. By utilizing your mobile phone number, NRIC/FIN number, VPA (Virtual Payments Address), or UEN (Unique Entity Number) for business transactions, you can send money to your pals, pay your bills, or make purchases online.
This robust infrastructure guarantees availability around the clock, making it possible to conduct transactions in a nearly instantaneous manner without the need to collect the account numbers of the beneficiaries. PayNow offers a streamlined and safe financial solution that can be utilized for various purposes, including the settlement of debts, the sale of items online, and the transfer of payments to friends.
Benefits of PayNow
1. 24/7 high-security availability
PayNow is available 24 hours a day, seven days a week, with a high level of security.2. Transferring up to SGD200,000
Now, it is possible to transfer bigger sums of up to SGD200,000.3. Extensive bank and NFI support
PayNow is supported by a vast network of financial institutions and non-financial institutions.4. Easy daily transfers up to S$1,000 without a Digital Secure Key/Security Device
The use of a Digital Secure Key or Security Device is not required to facilitate easy access transfers of up to one thousand Singapore dollars each day.5. Conveniently send and receive money
It is not necessary to obtain bank account information with this procedure. It is sufficient to have the recipients' mobile number, Singapore NRIC/FIN, or UEN.6. Increased Security When Transferring Money
Because PayNow is based on the same strict security guidelines as FAST, transfers are both safe and convenient.7. Quicker Distribution from Companies and Governmental Organizations
You could send and receive money instantly at anytime and anyplace with PayNow.How to Sign Up for PayNow
You can register with PayNow online using your preferred online banking account to make and receive payments. PayNow will then establish a connection between your bank account, cellphone number, and NRIC number.Were you aware that PayNow is also available to associations, groups, corporations, and Singaporean government departments? By connecting their Singapore bank account to their Unique Entity Number (UEN), which Singapore granted, PayNow Corporate would enable these individuals to send and receive money.
