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PayNow, PayLah and PayAnyone. What’s the difference? And more importantly, how do you use them?
Banks have been aggressively marketing peer-to-peer payment services that let you make payments and transfer money using your mobile phone. Never again will your friends be able to escape paying for their share of the dinner bill by claiming they’ve got “no cash”.
The trouble is, they all have horribly similar names. How is PayNow different from PayLah, and what how come there’s one more PayAnyone?!
So what do you need to know to start transferring money on your phone like a pro?
PAYNOW
PayNow is a funds transfer service that allows users of nine banks to transfer cash in SGD to anyone else who has an account with one of these 9 participating banks: DBS/POSB, UOB, OCBC, Citibank, HSBC, Maybank, Standard Chartered, BOC and ICBC.
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