PayNow, a service which allow inter-bank transfer using mobile number or identification number, will be accepting business transaction on 13th August with PayNow Corporate. It means that businesses will be able to receive or pay money to other companies using this PayNow simply by linking their unique entity number (UEN) or registration number to their bank number. The service will be offered by 7 banks, which are already offering PayNow to their retail customers, namely Citibank, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, and United Overseas Bank. PayNow is built on FAST, which is Singapore’s 24/7 real-time inter-bank […]