As e-wallets and cashless payment platforms become de rigueur for consumers across the region, it’s only natural for the same system to be adopted by businesses.
For startups and small businesses, making and accepting payments from these types of financial services, it will not only make your company attractive for consumers who trust and prefer to use cashless systems, but can help to make your business payments and cashflow easier to manage.
Not convinced? Here a few more benefits of PayNow:
Security is Key
Security of payments is the highest priority for any business, and PayNow gets it. Here’s how: after registering for an account, you’ll receive a unique entity number which will allow others to make payments to your company without you having to provide an account number – and vice versa. All you have to do is register that number within the app and you’re good to go.
Convenient Mobile Payments
Through their app, you – or whoever handles the accounting at your business – can manage sending and receiving money to other vendors or clients, as well as from consumers. You’re notified of any money received, and it’s deposited directly into the company bank account. And because of the app-based platform, payments can be made anywhere and at any time, which means there’s no more worrying about making it to the bank before it closes to deposit a cheque or being at your desk to enter all the information required to make a wire transfer. PayNow Corporate simplifies the payment process, which in turns simplifies your operations.
Love a QR code? PayNow Corporate provides a unique QR code for your account so that if you’d prefer not to include your unique entity number publicly, you can instead publish the QR code on your invoices, website and other payment channels.
By embracing cashless payments, receiving payments becomes seamlessly streamlined and paying vendors and service providers becomes a breeze. And that’s always a good thing for busy startups and small businesses.