Mothership.sg recently reported that a condominium property manager embezzled funds 69 times by diverting payments into his personal account. And the way that it was done was through PayNow.
For sellers, there is a valuable lesson here. You see, the payments above were sent via PayNow that was linked to a personal mobile number.
Accepting payments via PayNow to your mobile number looks convenient and harmless, but it’s also an opening for misuse. When buyers transfer money to a phone number, there’s no reliable way to confirm who actually owns that account.
For sellers, this can work against you too: customers may hesitate to pay if they don’t see your business name displayed during checkout.
That’s where PayNow UEN QR codes make all the difference.
Why E-commerce Sellers Should Use PayNow UEN QRs
- Build trust instantly – When customers scan your PayNow QR, your official business name appears on their app before they hit ‘Send’. That small moment of reassurance can prevent hesitation and abandoned sales.
- Protect your business reputation – Using a UEN-registered PayNow QR ensures clarity and accountability, shielding your store from payment mix-ups or fraud accusations.
- Simplify your bookkeeping – Payments go straight into your business account, separate from personal funds — making tax filing, refunds, and reconciliation much easier.
- Look more professional – Displaying a PayNow UEN QR on your checkout page, or during a WhatsApp customer chat, reinforces that your brand runs legitimate operations.
Setting Up Your PayNow UEN QR Code
If you’ve already registered your business with ACRA, you’re just a few steps away. Most major Singapore banks (like DBS, OCBC, and UOB) let you link your UEN to your corporate account online.
After linking, you can instantly generate a PayNow UEN QR code through SGPayNowQR Android app, online, or at your e-commerce store checkout page.
The best part is, you can input the amount and reference number into the QR code, so your customer’s will never pay the wrong amount. And payments will always be traceable to the right order.
The condo embezzlement case might seem far removed from online retail — but it underscores one universal truth: payments should always go to verified recipients. For e-commerce sellers, adopting PayNow via UEN isn’t just about security; it’s about building credibility and trust with every transaction.
Learn how to set one up here: PayNow UEN QR Code: What It Is, Why It Matters, and How to Get One
