PayNow

Type: Digital Payment Service

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About PayNow

Founded	2017
Headquarters	Singapore
Market share	PayNow has gained significant adoption in Singapore, competing with other digital payment solutions like PayLah! and GrabPay.
Major competitors	PayLah! GrabPay DBS PayLah OCBC Pay Anyone
Notable partnerships	Collaboration with major banks like DBS, OCBC, and UOB. Partnerships with fintech companies to enhance service offerings. Integration with government agencies for public service payments.
Recent developments	Expansion of services to include QR code payments for merchants. Partnerships with fintech companies to enhance user experience. Integration with government services for seamless payments.
Regulations	PayNow operates under the regulations set by the Monetary Authority of Singapore (MAS) to ensure compliance and security.
Security	Two-factor authentication for added security. Encryption of sensitive data during transactions.
Official website	https://www.paynow.sg