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