We are thrilled to announce that Ox Securities now offers PayNow as a quick and secure way to manage your funds in Singapore. PayNow is a revolutionary payment service that allows for quick and instant transfers in SGD. When paired with Ox Securities, PayNow becomes an even more powerful tool for managing your finances. Let’s explore the benefits of PayNow and how to use it through Ox Securities’ client portal.
What is PayNow?
PayNow is a real-time funds transfer service launched by the Association of Banks in Singapore (ABS). It enables individuals and businesses to send and receive funds instantly using their mobile number, NRIC/FIN, or Unique Entity Number (UEN). With its ease of use and widespread adoption among local banks, PayNow has become a preferred method for local funding in SGD.
Benefits of Using PayNow with Ox Securities
- Quick and Instant Transfers: PayNow processes transactions in real-time. This means you can transfer funds to any PayNow registered account instantly, making it ideal for urgent payments and time-sensitive transactions.
- Convenience: PayNow eliminates the need for sharing complex bank details. With just a mobile number or NRIC/FIN, you can easily send and receive payments, making it a highly convenient option for both personal and business use.
- Widespread Adoption: Most major banks in Singapore participate in PayNow, making it widely accessible. Participating banks include DBS/POSB, OCBC, UOB, HSBC, Standard Chartered, and more.
- Security: PayNow uses the same high-security standards as traditional bank transfers, ensuring that your funds are transferred securely. This gives users peace of mind when managing their local funding needs.
- Integration with Ox Securities: By using PayNow through Ox Securities’ client portal, you can seamlessly manage your financial transactions alongside your trading activities. This integration provides a streamlined and efficient way to handle your funds.
How to Use PayNow with Ox Securities
Using PayNow through Ox Securities is straightforward and user-friendly. Follow these simple steps to get started:
- Ensure that your bank account is registered with PayNow. You can do this through your bank’s mobile or internet banking platform by linking your mobile number, NRIC/FIN, or UEN to your bank account.
- Log in to Ox Securities Client Portal: Access the Ox Securities client portal using your login credentials.
- Navigate to the Funding Section: Once logged in, go to the funding section of the client portal. Here, you will find the option to add funds using PayNow.
- Select PayNow as the Payment Method: Choose PayNow from the list of available payment methods. You will be prompted to enter the necessary details, such as the amount you wish to transfer.
- Complete the Transfer: Follow the on-screen instructions to complete the transfer. You will need to confirm the details and authorize the transaction. The funds will be transferred instantly to your Ox Securities account in SGD.
- Verify the Transaction: After completing the transfer, verify that the funds have been credited to your Ox Securities account. You can check the transaction history in the client portal for confirmation.
PayNow is an excellent tool for managing local funding in Singapore, offering quick and instant transfers in SGD. When combined with the robust features of Ox Securities’ client portal, it provides a seamless and secure way to handle your financial transactions. Whether you are an individual or a business, using PayNow with Ox Securities can significantly enhance your financial management experience.
Register for PayNow and explore the convenience and efficiency it brings to your financial transactions with Ox Securities. Stay tuned for more exciting news!
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