M1 launches e-payment services through PayNow

Transactions can also be done by scanning QR codes.

M1 Limited (M1) has partnered with UOB to provide mobile payments services via PayNow at all M1 Shop outlets.

To pay for in-store purchases, customers can scan a dynamic QR Code that is generated at the counter using the mobile banking application of any PayNow participating banks with QR scanning functionality.

Customers can also use PayNow to pay for their monthly bills by scanning the dynamic QR code on their bill statement. Customers can complete the payment by confirming the transaction details that have been automatically filled in, such as the payment amount and recipient.

“Today, about eight in 10 consumers in Singapore have adopted e-payments and PayNow is a very convenient e-payment platform which will enhance our customers’ payment experience,” said P. Subramaniam, CMO at M1.