Google Pay launched in Singapore a couple of months ago, and is currently the only way to earn rewards on PayNow transfers.
If you don’t already have a Google Pay Singapore account (it’s available for both Android and Apple devices), you can get S$5 free when you sign up via the link below and make a payment of at least S$10.
Google has extended its current campaign till end August, allowing you to earn up to S$50 just by sending money to friends and family.
Google Pay’s latest scratch card promotion
From now till 31 August 2020, Google Pay Singapore users who make a qualifying payment of at least S$10 or more will receive a scratch card worth up to S$50.
Qualifying payments include P2P money transfers, in-store tap & pay payments (excluding transit) with Google Pay, or food pickup orders made using the Google Pay app.
For example, sending someone at least S$10 via Google Pay would earn you a scratch card.The receiving party can send the funds right back to get scratch cards of their own, if they’re also on Google Pay.
|👍 Remember: There’s no need for the receiving party to use Google Pay- so long as he/she has a registered PayNow account, he/she will receive the funds.|
Each user can earn up to three scratch cards a week (defined as Monday 9 a.m to the following Monday 8.59 a.m).
You’ll earn one scratch card per unique transaction. For example:
- A–> B (1 scratch card for A)
- B–>A (1 scratch card for B)
- A–>B (no scratch card since not unique)
- A–>C (1 scratch card for A)
How do I set up Google Pay Singapore?
To start, simply download the Google Pay Singapore app on either your Android or iOS device.
Do note that there are two “Google Pay” apps in the Play Store. Look for the one called “Google Pay Singapore”. If you don’t see it, check that your Play Store (or App Store country, for iOS users) is set to “Singapore”.
Navigate to your profile settings and tap “Payment Methods”. Then tap “Add bank account”, and select “OCBC” (it’s the only option for now).
You’ll be prompted to login to your online banking account to do a one-time setup. Select the account you want to pair with Google Pay Singapore, enter the OTP and you’re good to go.
Sending money is equally straightforward. Google Pay Singapore harnesses the PayNow platform, so you can send money to anyone’s mobile number as you would with any other banking app. There’s no need for the receiving party to use Google Pay- so long as they have a registered PayNow account, they’ll receive the funds.
Google Pay Singapore P2P transfers have a daily limit of S$1,000, which is on top of the daily S$5,000 PayNow limit.
Based on my $10 transfers, I’ve been averaging about 5% cashback on Google Pay so far, which isn’t earth-shattering, but a heck of a lot better than the zero I’d have received by using other PayNow methods.
For the moment, Google Pay can only be linked to an OCBC bank account, but there are plans to add DBS and Standard Chartered soon.