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In order to encourage cashless payment, The Association of Banks Singapore (ABS) is organizing “Carry On With PayNow Campaign” to reward PayNow transactions for both retail customers and business users!
For Retail Customers
The Lucky Draw is open to retail customers who make a PayNow transaction to Businesses either via Scan-and-Pay or via UEN, with a minimum transfer value of S$1 via ICBC Mobile Banking or Internet Banking Application.
Each Eligible Transaction qualifies the retail customer for 1 chance to win the Lucky Draw. A total of one hundred winners weekly (with the week starting from Monday and ending on Sunday) will be drawn for the Lucky Draw from the pool of Qualifying Customers. Each winner will win one S$100.00 (“Weekly Prize”), credited to their account linked with PayNow in the following orders of priority via Mobile Number and if unregistered, via NRIC/FIN.
The Lucky Draw is valid for 10 weeks as stated below, all dates inclusive (“Lucky Draw Period: from 13 April 2020 to 15 June 2020”).
| Week |
Qualifying Period |
No. Of Winners |
Prize |
Lucky Draw Date |
| 1 |
13 Apr - 19 Apr 2020 |
100 |
S$100 each winner |
17-Jun-2020 |
| 2 |
20 Apr - 26 Apr 2020 |
100 |
| 3 |
27 Apr - 3 May 2020 |
100 |
| 4 |
4 May - 10 May 2020 |
100 |
08-July-2020 |
| 5 |
11 May - 17 May 2020 |
100 |
| 6 |
18 May - 24 May 2020 |
100 |
| 7 |
25 May - 31 May 2020 |
100 |
| 8 |
1 Jun - 7 Jun 2020 |
100 |
05-Aug-2020 |
| 9 |
8 Jun - 14 Jun 2020 |
100 |
| 10 |
15 Jun - 21 Jun 2020 |
100 |
Each Qualifying Customer can only get one Weekly Prize, throughout the Lucky Draw. For the avoidance of doubt, this refers to the entire campaign of 10 weeks, and there will be no repeat winners.
For T&C, please visit: https://abs.org.sg/docs/library/carry-on-with-paynow-lucky-draw-tc.pdf
For PayNow FAQ, please visit: http://v.icbc.com.cn/userfiles/Resources/ICBC/haiwai/Singapore/download/2018/Paynow_en.pdf
For Business Users
The Association of Banks in Singapore (ABS) is currently encouraging Corporate customers to register and accept PayNow payments by offering cash rewards.
From now till 31 July 2020, ABS will reward you with the benefits below:
Register your business UEN to accept PayNow and receive a cash incentive of S$25 (limited to the first 20,000 signups across all banks)
Collect a minimum of 10 PayNow payments to your business UEN during this period* and receive an additional cash incentive of S$25.
*This will be split into 2 qualifying periods of 9 April to 31 May 2020 and 1 June to 31 July 2020. Limited to the first 10,000 qualifying Customers across all banks per qualifying period. Each Customer can get a maximum of 2 rewards for the entire campaign period.
For T&C, please visit: https://www.abs.org.sg/docs/library/carry-on-with-paynow---abs-press-release1653a99f299c69658b7dff00006ed795.pdf
For PayNow Corporate FAQ, please visit: http://v.icbc.com.cn/userfiles/Resources/ICBC/haiwai/Singapore/download/2019/PayNowCorporateFAQ20190508.pdf
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