PayNow to be rolled out to all government agencies

Move to extend reach of instant fund transfer service set to plug last-mile gap in e-payments

The coordinated roll-out of PayNow in the public sector will let citizens complete between 90 per cent and 95 per cent of transactions with the Government without leaving their homes. PHOTO: LIANHE ZAOBAO
Irene Tham
Tech Editor
Updated
Aug 11, 2019, 07:46 AM
Published
Aug 11, 2019, 05:00 AM
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Fund transfer service PayNow is being rolled out to all government agencies and statutory boards, allowing citizens to pay for everything from school fees to fines, and is tipped to make the current Giro system less relevant.

A bulk tender to bring public agencies on board PayNow, which has grown to become the most widely accepted e-payment system, has been awarded to DBS Bank, OCBC Bank and United Overseas Bank (UOB) to allow the Government to receive and disburse instant funds, The Sunday Times has learnt.

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A version of this article appeared in the print edition of The Sunday Times on August 11, 2019, with the headline PayNow to be rolled out to all government agencies. Subscribe

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