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Google ties up with local banks to integrate Google Pay into PayNow

By Ken Wong - on 24 Sep 2020, 1:01pm

Google ties up with local banks to integrate Google Pay into PayNow

Google is launching a new Google Pay app in Singapore. Image courtesy of Google.

Google has updated Google Pay as an all-in-one contactless payment solution that customers of DBS PayLah!, OCBC Bank and Standard Chartered can link their bank accounts to, so they can use Google Pay to pay anyone in Singapore through PayNow or their favourite merchants through UEN or PayNow QR codes.

Paying at shops is a simple scan away. Image courtesy of Google.

Google Pay though has different limits compared to a normal banking app. While the daily transfer limit in Google Pay is S$2,000, Google's partner banks have set up their limits to allow transfers through Google Pay with a stricter transfer limit. Standard Chartered customers will have a daily transfer limit of S$1,000, while DBS PayLah! customers will be restricted by the wallet limit in their bank accounts. OCBC customers can make daily transfers of up to S$2,000 within the app.  Banks on the other hand have a S$5,000 PayNow transfer cap.

Patrick Teo, Director of Engineering, Google Pay, said, “The new Google Pay enables a consolidated payment solution that is simple, secure and helpful. By working closely with our banking partners and merchants, we hope to deliver a more rewarding payment experience that works for every Singaporean, be it paying someone back for a meal, booking a movie ticket or using Google Pay to tap and pay for your MRT ride.”

 

More than a payment app

With the rise of Covid-19 and the extended period Singaporeans had to spend at home, online shopping and digital payments have become the norm.

But Google has been adding increased functionality to Google Pay and Singapore is the second country after India to get the new app with features that makes it more than a contactless payment solution, but one that has bank account integration, merchant payment options and more.

For example, during the Circuit Breaker period, Google Pay enabled people to browse cuisines and order takeout or delivery with the Order Food feature to support the local food and beverage industry. It also added a Groups function where friends can “Split a bill” so users can manage group payments with multiple people in an easy-to-use conversation format.

Google has been increasing the functionality of Google Pay. Image courtesy of Google.

Users can now enjoy the convenience of booking and paying for movie tickets with Golden Village and Shaw from the app, with almost 24,000 seats across 174 cinemas available to choose from, with no convenience fees for a limited time. Shaw was the first chain to allow this last month

Even better, get money when you refer a friend to use the app or even just for using it yourself!

Everybody loves free gifts! Image courtesy of Google.

Google Pay rewards friend referrals with as much as S$5 for their first transaction. Users of Google Pay can also earn scratch cards that could win them cashback of up to S$15 for qualifying transactions like sending money to friends or ordering food.

Interested readers can download the new Google Pay Singapore app for Android or iOS at these links and refer to the website for more information.