M1 Limited (M1) customers in Singapore can enjoy the convenience of making mobile payments for purchases via PayNow at all M1 Shop outlets, as well as make monthly bill payments via PayNow by scanning the Quick Response (QR) Code on the bill.
M1 is the first communications provider in Singapore to enable retail customers to make e-payments via PayNow, providing customers with an additional payment option, in addition to existing payment modes. United Overseas Bank (UOB) is the key provider of PayNow Corporate services to M1, and will help enable the safe and hassle-free scan-and-pay experience for M1’s customers.
To pay for in-store purchases, customers can now simply scan a dynamic QR Code that is generated at the counter using the mobile banking application of any PayNow participating banks with QR scanning functionality. Customers can also use PayNow to pay for their monthly bills by simply scanning the dynamic QR code on their bill statement. Customers can complete the payment by confirming the transaction details that have been automatically filled in, such as the payment amount and recipient.
“Today, about eight in 10 consumers in Singapore have adopted e-payments and PayNow is a very convenient e-payment platform which will enhance our customers’ payment experience. This new initiative is one of many, as part of our digitalisation journey to deliver a seamless digital experience for our customers,” said P. Subramaniam, Chief Marketing Officer, M1.
So Lay Hua, Head of Group Transaction Banking, Group Wholesale Banking, UOB, said, “As M1’s banking partner, we are pleased to support them becoming the first telecommunications provider to offer PayNow as an additional payment mode for their customers. The ease and convenience of simply using a mobile phone to scan–and-pay will enhance the shopping and bill payment experience for M1’s customers. UOB’s API service will also make M1’s sales and billing process more seamless, as they will be able to receive confirmation of PayNow payments almost instantly. We look forward to deepening our partnership with M1 and to collaborating with them closely in their digitalisation journey.”