You are reading it right, I am referring to PayNow and not DBS PayLah.

Remember the days when you make a fund transfer to your friend and it takes a few days before it appears in your friend’s bank account? Then came FAST which stands for Fast And Secure Transfers where the fund transfer/money magically appears immediately in your friend’s bank account. PayNow uses the same magic except it allows you to make fund transfer simply by using the other person mobile number or NRIC on your ibanking site/application. This removes the hassle of going through the tedious process of adding “New Payee”, double checking and triple checking to ensure that the account number you entered is correct before taking out your OTP device to verify and confirm the addition of 1 new payee (You have yet to make the fund transfer. lol). I guess this is definitely …