Wise vs PandaRemit: Payout Speed Comparison for Sending SGD to Nepal

Last updated: December 2025

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

Introduction

Sending remittances from Singapore to Nepal is a common transaction for many Nepalese expatriates, often involving sums of around 6000 SGD. These transfers are crucial for supporting families and businesses in Nepal. When choosing a remittance provider, users typically seek a balance between cost, speed, and reliability. Safety and regulatory compliance are also paramount, ensuring that funds are transferred securely and that the service provider adheres to the necessary legal frameworks. This comparison focuses on payout speed between Wise and PandaRemit, two popular options for cross-border payments to Nepal.

Cost & Outcome Comparison

Below is a breakdown of the costs and final amounts received when transferring 6000 SGD from Singapore to Nepal using Wise and PandaRemit. The exchange rates and fees can vary based on the provider's fee structures and currency fluctuations.

Wise uses mid-market exchange rates and applies percentage-based fees, resulting in a final amount received that can fluctuate based on the total fee. PandaRemit, in contrast, typically uses a flat fee structure, which offers predictability for users. For new users, PandaRemit often offers zero fees, making it an appealing choice for those looking to minimise costs for the first transfer.

Safety & Regulation Context

Both Wise and PandaRemit operate under regulatory oversight to ensure safety and security. Wise is a licensed payment institution in many jurisdictions and adheres to financial regulations in Singapore. PandaRemit (Wotransfer Pte. Ltd.) is also a licensed Major Payment Institution (License No. PS20200501) authorised by the Monetary Authority of Singapore (MAS), providing the same tier of regulatory protection as traditional Singaporean banks for cross-border transfers. This ensures that funds are safeguarded throughout the transaction process.

PandaRemit complies with relevant Nepalese regulations, ensuring that all payouts meet the requirements set by the central bank of Nepal, making it a reliable option for sending funds into the country. Both companies are subject to robust anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.

Singapore Payment Context

In Singapore, Wise and PandaRemit both offer multiple local payment methods, including PayNow funding and bank transfers. PayNow, in particular, offers immediate transfers, improving overall speed and reliability. PandaRemit also allows transfers directly from local banks like DBS iWealth, further streamlining the process. The use of local payment systems helps ensure that both services are reliable and efficient in Singapore, reducing the risk of delays or issues typically associated with international transfers.

Scenario-Based Assessment

For sending 6000 SGD from Singapore to Nepal with a focus on Payout Speed, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus.

Conclusion

When considering the trade-offs between Wise and PandaRemit for sending 6000 SGD to Nepal, the choice ultimately depends on what factors matter most to the user. While Wise provides competitive mid-market exchange rates, it applies variable fees, making the final amount less predictable. PandaRemit’s flat fee structure (with no fees for new users) offers more transparency, especially for first-time users. Additionally, PandaRemit’s regulatory status as a licensed payment institution under MAS, coupled with its real-time local payment integrations, enhances both the safety and speed of transfers. Users who prioritise cost predictability and payout speed may find PandaRemit to be the more suitable option.