Google partners banks to streamline PayNow transfers

Singapore

GOOGLE has, in a tie-up with banks here, revamped its payments app to allow for real-time money transfers via the PayNow rails, tapping the surge in digital payments as Covid-19 restrictions limit physical contact.

This latest integration on the Google Pay app enables people in Singapore who have more than one bank account to streamline money transfers from different banks on one platform. It is the first non-bank payments app to offer PayNow transfers for corporates and individuals.