Surge in PayNow Corp sign-ups as firms seek fast support payouts

Singapore

WITH their shutters drawn and government relief pumped through digital channels, businesses in Singapore have been driven to adapt to electronic payments amid the Covid-19 crisis.

As Singapore enters the third week of its "circuit breaker" - freshly extended till June 1 - businesses have seen record jumps in registrations and transactions across PayNow Corporate. The funds transfer service launched in 2018 allows businesses to pay and receive money instantly from other firms and customers.