Coronavirus: More companies using PayNow; $3.12 billion transacted so far

Around 128,000 organisations had signed up for the service as at Feb 29 - a 15 per cent increase from June 30 last year.
Around 128,000 organisations had signed up for the service as at Feb 29 - a 15 per cent increase from June 30 last year.PHOTO: ST FILE

SINGAPORE - Companies are flocking to PayNow Corporate to make and receive payments as social distancing measures bring about a sea change in business operations.

The amount transferred with the service hit $3.12 billion in February, a striking 713 per cent jump from the $383 million in the same month last year, the Association of Banks in Singapore noted on Thursday (April 23).

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