What is PayNow?
PayNow is a cashless payment platform developed by the Association of Banks of Singapore (ABS). It is only available to customers with a bank account in Singapore.
It allows individuals and businesses to easily transfer money to each other and make payments by entering a mobile number or a company registration number.
PayNow also allows payment by scanning a QR code that looks like this:
How do I scan the code?
You need to scan the code using your Singapore digital banking app (all of them have this feature) or a compatible payment app.
Below is a list of the banking apps that can be used with PayNow. For a visual guide on how to use your app, please click on the app you want to use:
How do I pay by PayNow on THE FIFTH COLLECTION website?
Just checkout as per usual and select PayNow as your payment method (only available if your billing address is Singapore).
At the last step of your checkout, click on Place Order as per usual and a PayNow QR code will appear that you can scan. The system will know when the payment is completed and you will be directed to a confirmation page.
Advantages of PayNow
Aside from speed and cost, PayNow has another key advantage - immediate refunds. If you return any items under our 7-day free return and refund policy, there's no more waiting days for your credit card to process our refund or setting reminders to check your statement. As soon as we receive and process you return, the money is in your account and you can focus your attention on more important things!