UOB Singapore

UOB Singapore, operated by United Overseas Bank Limited, provides merchant acquiring through EDC terminals and online stores, working with partner payment gateways. It also offers business bank accounts and serves businesses.

Services

The listed services are merchant acquiring, POS, e-commerce and business bank accounts. In-store payments are taken on EDC terminals, and online merchants connect through partner gateways rather than a single in-house gateway.

Onboarding

To connect, a merchant needs its ACRA details and a corporate current account with UOB. ACRA is Singapore's business registry. Having the account does not guarantee that a merchant account will be approved, since acquiring approval is a separate decision by the bank.

Terms by entity and market

Eligible countries of incorporation, residency requirements, account types, currencies, payment channels, card networks, fees, minimum deposits and balances, and opening times are described separately for each legal entity and market. The terms that apply to Singapore should therefore be requested from the bank, and they should not be assumed to apply to UOB's other markets.

Who it suits

The offering suits companies that want acquiring and their operating account with one banking group, or retailers that need both physical terminals and an online channel through a gateway partner.