“Payment Reference” is an optional field (up to 25 characters) that can be included in your SGQR label for the PayNow scheme. If “Payment Reference” is included in the SGQR PayNow registration, the SGQR generated will include this payment reference. Your customers will not be able to amend the payment reference during their payment process. This “Payment Reference” will be included in all Inward PayNow transactions received via this SGQR and will also be reflected in your bank account statement.