Asia-focused Payment Gateway, Omise announced that it will be offering PayNow to customers in Singapore reports Finance Magnates. Customers, namely small and medium-sized e-commerce businesses can expect this addition to take place sometime next month.
PayNow was created by DBS, Development Bank of Singapore. Their foundation involves leveraging digital technologies to ensure that customers are offered simple, fast and exceptional banking solutions and experiences. All in all, they believe in being able to live a life that doesn’t require tedious banking, hence their solution, PayNow!
Omise has since offered details as to how the integration can help customers. According to the reportings, the transactions will be completed by either sending money using registered mobile numbers, National Registration Identity Card (NRIC) or Unique Equity Number (UEN). In order for the payment to be accepted, users are required to simply scan the QR code provided by the merchant.
Speaking regarding this endeavor is Omise’s Country Manager in Singapore, Nick Gan who expressed gratitude and pleasure in being able “to launch PayNow Corporate as part of Singapore’s cashless drive towards a Smart Nation.” He further emphasized that such a move was needed given how tech-friendly consumers have become as well as businesses starting to adapt to technology.
Moreover, he said:
“Omise is proud to launch PayNow Corporate as part of Singapore’s cashless drive towards a Smart Nation. Consumers are becoming more digitally savvy and demand fast and seamless payments. As a result, more and more companies are adapting to this shift and recognizing the speed and convenience of PayNow over cash and cheque collections,”
“With PayNow, businesses are simply able to get paid faster and become more efficient. Omise is excited to be able to offer businesses multiple online payment methods across cards, PayNow and e-wallets on one payment platform.”