Answer · Updated 2026-05-23 · Market: SG
How does PayNow QR work for restaurants in Singapore?
PayNow QR is Singapore's unified national QR rail. A restaurant POS like LOOP generates a dynamic per-ticket QR; the customer scans with any participating bank app (DBS, OCBC, UOB, etc.); funds settle same-day or T+1 with 0.5-0.8% fees. Auto-reconciliation against the ticket means cashiers never type a reference number.
Key facts
- 94% of SG F&B accepts PayNow (2026)
- Settlement: same-day or T+1
- Fees: 0.5-0.8%
- Dynamic QR auto-reconciles per ticket