Introduction
In Singapore, PayNow has become an indispensable digital payment platform, enabling users to transfer funds seamlessly between bank accounts. To enhance convenience and accessibility, the Monetary Authority of Singapore (MAS) has introduced the option of linking your National Registration Identity Card (NRIC) to PayNow. This guide will provide you with a step-by-step process on how to link your NRIC to PayNow in 2025.
Step 1: Ensure Eligibility
Before linking your NRIC to PayNow, it is essential to ensure that you meet the following eligibility criteria:
- You are a Singapore citizen or Permanent Resident (PR)
- You have a valid NRIC
- You have a bank account with a participating financial institution
Step 2: Install and Open the PayNow App
To link your NRIC to PayNow, you will need the official PayNow app, which is available for download on the App Store (for iOS devices) and Google Play Store (for Android devices). Once installed, open the app and tap on “Sign Up.”
Step 3: Verify Your Mobile Number
Enter your Singapore mobile phone number in the designated field and tap “Send OTP.” You will receive a one-time password (OTP) via SMS. Enter the OTP in the app to verify your mobile number.
Step 4: Link Your Bank Account
Select the participating bank account you wish to link to PayNow from the list of authorized banks. Once selected, you will be redirected to your bank’s secure login page. Enter your bank credentials to authorize the linking process.
Step 5: Identity Verification
To complete the linkage, you will need to verify your identity using your NRIC. There are two options:
Option 1: Physical Card Scan
- Tap on “Scan NRIC/FIN” and use your device’s camera to scan your NRIC’s data page.
- Ensure that the NRIC is placed within the scanning frame and that the information is clearly captured.
Option 2: Virtual NRIC
- If you have activated the National Digital Identity (NDI) app, you can use it to complete the identity verification process.
- Tap on “Use Virtual NRIC” and follow the prompted steps to authorize the linkage using your NDI app.
Benefits of Linking Your NRIC to PayNow
Linking your NRIC to PayNow offers numerous benefits, including:
- Enhanced Security: Verifying your identity with your NRIC adds an extra layer of security to your PayNow transactions, reducing the risk of fraud and unauthorized access.
- Increased Convenience: By linking your NRIC, you can make instant fund transfers to anyone in Singapore using their NRIC or mobile number, even if they are not in your contact list.
- Ease of Linking: The process of linking your NRIC to PayNow is simple and straightforward, requiring minimal effort on your part.
Common FAQs
Q1. Can I link my NRIC to multiple PayNow accounts?
No, each NRIC can only be linked to one PayNow account at a time.
Q2. What if I lose my phone?
If you lose your phone, you should immediately report it to your bank and the PayNow app’s support team. They will help you deactivate your PayNow account and prevent unauthorized access.
Q3. Are there any fees associated with linking my NRIC to PayNow?
No, there are no fees or charges for linking your NRIC to PayNow.
Q4. Can I use the alias name on my NRIC for PayNow transactions?
No, you cannot use the alias name on your NRIC for PayNow transactions. You must use your official name as it appears on your NRIC.
Conclusion
Linking your NRIC to PayNow is a quick and easy process that offers enhanced security and convenience for your digital payments. By following the steps outlined in this guide, you can seamlessly connect your NRIC to PayNow and enjoy the numerous benefits it provides. Embracing this innovation will empower you to make secure and efficient financial transactions in the digital age.
