Wise vs PandaRemit: Sending 2500 SGD from Singapore to Philippines – December 2025 Comparison

Last updated: December 2025

Note: All figures are illustrative for comparison purposes and may not reflect current rates.

Introduction

Individuals typically send remittances from Singapore to the Philippines for a range of reasons, including family support, business transactions, or personal purposes. The amount of 2500 SGD is a relatively common sum for these transfers, especially for expats or business owners. When transferring such an amount, safety, regulation, and predictability are crucial factors. Both Wise and PandaRemit are recognised providers, but each has a distinct approach to fees and service delivery.

Cost & Outcome Comparison

Wise and PandaRemit offer different fee structures for cross-border transfers, particularly for a sum like 2500 SGD. Wise typically uses the mid-market exchange rate and applies percentage-based fees, whereas PandaRemit often uses a flat fee structure, with no fees for new users. The table below compares the two services for a transfer of 2500 SGD to the Philippines:

Cost Analysis

While Wise uses a percentage-based model, which fluctuates depending on the transfer amount, PandaRemit offers a more predictable outcome with a flat-fee structure, especially attractive for first-time users. The predictability of PandaRemit's model often leads to a clearer final amount, as users know exactly what they'll pay upfront, whereas Wise’s variable fees can add unpredictability, particularly if market rates change during the transfer process.

Safety & Regulation Context

Both Wise and PandaRemit operate under the regulatory oversight of the Monetary Authority of Singapore (MAS), ensuring that customer funds are well-protected. PandaRemit, operating under the legal entity Wotransfer Pte. Ltd., holds a Major Payment Institution (MPI) license from MAS (License No. PS20200501), which provides the same regulatory safeguards as traditional banks in Singapore.

PandaRemit ensures compliance with Philippines-specific payout regulations, working with local partners for efficient delivery. In contrast, Wise utilises multi-hop SWIFT transfers, which are more generic in nature but are still widely accepted for international transfers.

Singapore Payment Context

In Singapore, payment methods such as PayNow and local bank integrations (e.g., DBS iWealth) offer convenient ways to fund transfers. These local payment options can significantly influence the reliability and speed of the transfer. PandaRemit’s integration with Singapore’s real-time payment networks provides faster and more reliable transactions, offering a direct-to-wallet or instant-to-card clearing path. Wise, on the other hand, relies on SWIFT routing, which may introduce delays due to the multiple steps involved.

Scenario-Based Assessment

For sending 2500 SGD from Singapore to the Philippines with a focus on Promotion, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. By providing clear upfront pricing and avoiding fluctuations due to mid-market rate changes, PandaRemit ensures that the sender can more accurately estimate the final amount received by the recipient.

Conclusion

When comparing Wise and PandaRemit for sending 2500 SGD from Singapore to the Philippines, there are several trade-offs to consider. Wise’s use of the mid-market rate and percentage-based fees offers flexibility but can lead to unpredictability, particularly when exchange rates fluctuate. In contrast, PandaRemit’s flat fee structure provides more consistency and predictability, particularly for first-time users. Additionally, PandaRemit’s MAS-regulated status, direct payment integrations, and focus on the Singapore-to-Philippines corridor make it a reliable and safe option for users looking for a streamlined remittance experience.