The move towards a cash-lite society started years ago, with plans to reduce the use and eliminate cheques by 2025. It has seen great success in recent years following the growth of digital payments. In Singapore’s "cash-lite" economy, PayNow has become an indispensable tool for merchants.
Launched in 2017 for participating banks and 2021 for participating Non-Bank Financial Institutions (NFIs), PayNow lets retail customers send and receive funds from one bank or e-wallet account to another in Singapore through FAST by using just their mobile number, Singapore NRIC/FIN, or Virtual Payment Address (VPA), instantly.
With over 90% of adult residents and most businesses registered, it is no longer a convenience but a necessity. However, for a business to look professional and operate efficiently, simply displaying a mobile or UEN number is not enough.
Knowing how to create a PayNow QR code is the first step toward faster checkouts, reduced human error, and lower transaction costs.
Before you generate your code, you need to understand the two types of PayNow QR codes available to merchants. Both are based on the SGQR (Singapore Quick Response) standard, but they serve very different operational needs.
A static QR code is a permanent, non-changing image. It typically contains only your business’s Unique Entity Number (UEN).
A dynamic QR code is generated fresh for every single transaction.
Here are a few ways to create a basic QR code for your business:
While printing a sticker or a display stand is a start, it often creates a "fragmented" counter where you have one machine for cards and a separate sticker or display for PayNow. This can also make accounting difficult.
However, there are other options to consider. KPay Terminal Pro transforms your operations. Instead of searching for "how to create a PayNow QR code" manually, the terminal handles it for you.
The KPay Terminal Pro is a smart, all-in-one payment terminal. When you enter an amount on the terminal, it can instantly generate a dynamic PayNow QR code directly on its high-resolution screen. The customer scans the terminal, pays the exact amount, and the terminal prints a receipt immediately once the funds are confirmed.
The true power of KPay is its versality in accepting a wide variety of payment methods, allowing you to capture both local and tourist spending. Beyond PayNow, the same terminal allows you to accept:
Other than payment versatility, the KPay Terminal Pro also offers:
Learning how to create a PayNow QR code is essential for modernising your business. While static stickers or printed display stands are a quick fix, a dynamic solution integrated into a smart terminal like the KPay Terminal Pro offers the security, speed, and professional experience that Singaporean consumers expect today.
Contact our sales team to find out more about KPay Terminal Pro.
