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    🇸🇬 Singapore · Answer · Updated May 23, 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: LOOP prints a dynamic per-ticket QR, the guest scans with any bank app, and funds settle same-day or T+1 at roughly 0.5–0.8 percent. Reconciliation is automatic, so cashiers never key a reference number.

    PayNow QR is Singapore's unified national QR rail. A restaurant POS like LOOP generates a dynamic per-ticket QR; the customer scans with any participating bank app (DBS, OCBC, UOB, etc.); funds settle same-day or T+1 with 0.5-0.8% fees. Auto-reconciliation against the ticket means cashiers never type a reference number.

    How it works with LOOP

    LOOP creates the PayNow QR at the moment the ticket is totalled, so the amount and reference are already embedded. The guest scans, the bank pushes confirmation, and the ticket closes itself on the POS. At end of day the PayNow settlement file matches ticket-by-ticket in LOOP, which means a cashier never reconciles a bank statement by hand and a missing payment shows up the same evening rather than a week later.

    Key facts

    • 94% of SG F&B accepts PayNow (2026)
    • Settlement: same-day or T+1
    • Fees: 0.5-0.8%
    • Dynamic QR auto-reconciles per ticket

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