# PayNow

https://www.uniwebpay.com/glossary/paynow/

*Last updated: 2026-08-03*

Singapore’s real-time transfer service, run between the participating banks. Consumers use it to send money by phone number or NRIC; businesses use it to be paid by UEN, and merchant QR acceptance is built on the same rail.

## Why it matters to a merchant

Near-universal among Singapore consumers, which makes the interesting question not whether to accept it but in which form. The gap between the version a merchant sets up in ten minutes and the version that reconciles itself is large, and it is the subject of the static-versus-dynamic distinction that follows.

## Related terms

*The methods themselves*

- [Dynamic PayNow](https://www.uniwebpay.com/glossary/dynamic-paynow/)
- [Static PayNow](https://www.uniwebpay.com/glossary/static-paynow/)
- [SGQR](https://www.uniwebpay.com/glossary/sgqr/)
- [Alipay+](https://www.uniwebpay.com/glossary/alipay-plus/)
- [WeChat Pay](https://www.uniwebpay.com/glossary/wechat-pay/)
- [UnionPay](https://www.uniwebpay.com/glossary/unionpay/)
- [E-wallet](https://www.uniwebpay.com/glossary/wallet/)
- [NETS](https://www.uniwebpay.com/glossary/nets/)
- [FAST](https://www.uniwebpay.com/glossary/fast/)

- [All 74 terms](https://www.uniwebpay.com/glossary/)

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