Few weeks back (10 July 2017), Paynow was launched which allow user to receive cash through phone number or IC number. 7 participating banks have came out with various promotion deals to attract consumers to sign Paynow service with them, below are the offers offered by various banks. Basically you have 2 ways to link your paynow with a participating bank. (2 Chances of winning)
- OCBC-Chance to win grand price of $50k, $30k, $10k and weekly draw of 20 lucky winners to win $500. (Valid till 20th Aug 2017)
- DBS-Chance to win red Iphone 7 Plus (128gb) daily (Valid till 8th Aug 2017)
- UOB-$5 for the first 5,000 customers that sign up and additional $5 when you send at least $20 through Paynow to a registered Paynow user (Valid till 30 Sept 2017)
- Citibank-$10 grab voucher for the first 5,000 customers that sign up and send $10 to a registered Paynow user (Valid till 10th Aug 2017)
- Standard Chartered-$10 for the first 20,000 customers that sign up (Valid till 10th Aug 2017) (Fully redeemed on 15th July 2017)
- HSBC-$10 Lazada e-promo code for the first 3,000 customers that sign up (Valid till 10 Oct 2017)
- Maybank-Chance to win grand price of $2,888, $1,888, $888 and daily draw to win $20 start as well as $5 grab voucher for the first 3,000 customers that sign up and $8 grab voucher for first 3,000 customers that send or receive money through paynow. (Valid till 31st Dec 2017)
Basically you have 2 chances to win the above offer. (Sign up paynow using IC number or phone number or both with the participating banks) Taking in consideration this post was released weeks after Paynow was launched and Standard Chartered offers has been fully redeemed just after 5 days, we can safely believed that the sure-win offers provided by UOB, Citibank, HSBC have all been fully redeemed by now. This leave us with OCBC, DBS and Maybank offers to consider.
Now to evaluate the 3 offers:
OCBC offer is proven to be the most attractive offer at this point of time! (Chance to win up to $50k)
DBS offer seems to be quite attractive as well if u have not been changing your phone for years!
Maybank offer will also be attractive if you are planning to register Paynow after 20th Aug 2017 (Where all the bank offers have expired or fully redeemed)
In conclusion I would recommend to register your Paynow with OCBC at this point of time. However not everyone do have an OCBC account hence it would be alright to register with DBS as well. Singapore is transforming into a cashless country is near future and Paynow will be widely used few years down the road. Hesitate no more & take action before it's too late!
Sidenote: If you happened to be the winner of the grand price of $50k do check out my other tabs how you can allocate your excess cash efficiently :)
Sidenote: If you happened to be the winner of the grand price of $50k do check out my other tabs how you can allocate your excess cash efficiently :)
