Singapore looks to upgrade PayNow with reduced payment steps, integration with NETS QR

Business

A pilot scheme to be rolled out by end-2026 will allow customers using a PayNow-enabled app to pay merchants who display a NETS QR code. SINGAPORE: Ever tried to scan and pay using a merchant's QR code, only to realise you were not using a compatible app?  That could soon be a thing of the past as Singapore seeks to roll out the second generation of the instant digital payment service PayNow. The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) hope to pilot