Streamlined Business Payments and Payroll With Paynow on Aspire

As a growing business ourselves, we understand the growing pains of managing multiple business payments. That’s why we're excited to announce that you can now both send and receive payments via PayNow with your Aspire account. This also includes making CPF payments!

What is PayNow?

Built on Fast and Secure Transfers (FAST) infrastructure, PayNow enables fast, secure instant payments for business and personal expenses without the need to know or disclose any account numbers.

Aspire is the first All-in-One business account that enables PayNow transfers via all of the following modes:

• QR code
• Unique Entity Number (UEN)
• Mobile number 
• National Registration Identity Card (NRIC)
• Virtual Payment Address (VPA)

What does it mean for users? 

Users now have the ability to send and receive payments instantly for free directly from their Aspire account.

With PayNow, Aspire users will be able to: 

• Pay vendors, employees, suppliers, and business expenses instantly via UEN and QR codes
• Manage payroll and pay for employee CPF contributions
• Pay corporate taxes directly with PayNow
• Offer customers additional contactless payment channels via SGQR 

The speed and convenience of PayNow payments will help busy business owners and finance teams optimise the way they manage their local operations and payroll.

How can I initiate a PayNow transaction?

Read the full guide to learn how you can start making payments via PayNow here. 

What are the charges related to making PayNow transfers?

PayNow will be available to Aspire users with an active SGD account and business incorporated in SG with no additional cost for local SGD transfers, including our free Business Account Lite plan.

If you’re looking for a business account that simplifies your business finances, reduces fees, and makes your life easier, sign up for your free business account today.