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Guide to Sending PayNow Transfers

Updated over a month ago

If your company is registered in Singapore, Admin, Finance Users with transfer rights, and Finance users with submit-only rights* can transfer funds through PayNow from your Aspire SGD Account.

Notes:

  • *Finance with submit-only rights users can only request the transfer. It will need to be approved by Admin or Finance with transfer rights users before funds are sent to the beneficiary.

  • We only support QR codes via "Upload & Pay" to CPF, MOM, and IRAS. For other entities outside of these, please attempt a PayNow transfer to a UEN, Mobile number, NRIC, or VPA details instead.

Sending PayNow Transfer Limit and Timeframe

Transfer Limit

Timeframe

SGD 200,000

Instant

Note: All transfers are subject to compliance checks by our team or partners, which may occasionally result in delays for your recipient in receiving the funds. Our team might email Admin and Finance users for additional details or documents needed to process your transfer. While we strive to complete these reviews quickly, we can't provide an exact timeline for when your recipient will receive the funds, as weekends, public holidays, and banking hours might also affect the timing. We appreciate your understanding and patience regarding any potential delays.

How to Send PayNow transfers from the Aspire SGD account

To learn how to transfer funds via PayNow from your Aspire SGD Account, you can either follow the instructions provided or watch our video guide below:

  1. On your Aspire dashboard, click on "SGD Account" under My Account

  2. Click on "Submit a transfer"

  3. Click on "New recipient"

  4. Click on "Paynow"

  5. Choose the recipient's Account Identifier (Mobile Number, NRIC, UEN, VPA)

  6. Fill in their Account Identifier detail or upload their QR code

  7. Click "Next"

  8. Fill in the amount you want to send. Also, you are able to:

    • Link this payment to a certain budget

    • Add Reference for the recipient

    • Add an internal note

    • Schedule the payment (one-time, weekly, or monthly!)

      Screenshot 2023-05-10 160533

  9. Click "Next"

  10. Review your payment, once you are sure, click "Confirm"

Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.

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