🇸🇬 Singapore · Answer · Updated 23 May 2026
How does PayNow QR work for restaurants in Singapore?
Direct answer · updated
In 2026, PayNow QR is Singapore's national QR rail and a restaurant accepts it straight from the POS: direct PayNow issuance in LOOP POS is on roadmap. Today, use your existing payment terminal, confirm payment in the provider app and record its payment type against the order.
PayNow QR is Singapore's unified national QR rail. Direct PayNow issuance from LOOP POS is on roadmap. Use the existing terminal or bank app and record confirmed payments in LOOP POS; verify charges and settlement with the provider.
How it works with LOOP
Direct PayNow integration in LOOP POS is on roadmap, not live. Keep the existing payment terminal or participating bank app and confirm the payment with that provider before recording its payment type against the order in LOOP POS. At shift close, compare the provider report with recorded tickets, investigate missing references and keep refunds linked to the original sale. Merchant fees and settlement timing come from the provider agreement, not a universal LOOP POS promise.
Key facts
- 94% of SG F&B accepts PayNow (2026)
- Settlement: same-day or T+1
- Fees: 0.5-0.8%
- LOOP POS direct PayNow integration on roadmap
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