- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- SGD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All banks in Singapore
- Cutoff & delivery timing
-
Real Time, 24X7 up to 200,000 SGD via FAST (List of FAST enabled banks available) Next Day subject to cut-off 13:30 via GIRO (All banks)
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Country Code Remitter City Remit Purpose Code Beneficiary Name Beneficiary Account Number Routing Code Type 1 – SWIFT CODE CODE Remitter Account Type Remitter Identification Number Remitter Address Remitter Postcode Beneficiary Country Code Beneficiary Account Type Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Remitter name, Transaction Reference number and Statement Narrative will be visible in the Beneficiarys statement. For some transaction Bank Reference number will be visible.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | SGD 1 | SGD 1 | SGD 1 | SGD 1 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- SGD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All Major banks in Singapore
- Cutoff & delivery timing
-
PayNow; Real Time - 24x7 (List of Banks and NFIs available)
- Account Verification
-
Can verify both the proxy value and the proxy holder's name.
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Country Code Beneficiary Name Beneficiary Account Type Proxy Value Remitter Account Type Remitter Identification Number Remitter Address Beneficiary Country Code Proxy Type Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Remitter name, Transaction Reference number and Statement Narrative will be visible in the Beneficiarys statement. For some transaction Bank Reference number will be visible.
- Notes
-
Proxy Value is validated before initiation of a payment Value for proxy type should be 1. MOBILE 2. UEN 3. NRIC
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | SGD 1 | SGD 1 | SGD 1 | SGD 1 |
| Max | SGD 200,000 | SGD 200,000 | SGD 200,000 | SGD 200,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |