What will I see when I am transferring funds as a Payer after PayNow nickname is discontinued?

If you are transferring funds to a retail Payee, upon entering the Payee’s PayNow proxy to make payment, you will only see selected letters of the Payee’s name as their updated PayNow name.

Please note that this change only applies to new transactions; past bank statements and transaction records will not be retrospectively updated.

If you are transferring funds to a corporate Payee, there is no change and you will see the full registered account name of the company as per today. The full name of the corporate Payee will be shown in your bank statement and transaction records.

The above apply for all PayNow payment transfers initiated by you, including through Scan & Pay features.