Wise vs PandaRemit: Fees Comparison for Sending 825 SGD from Singapore to India
熊猫速汇PandaRemit - 2025-12-19 02:13:41.0 12
पिछला अपडेट: दिसंबर 2025
ध्यान दें: सभी आंकड़े तुलना के उद्देश्य के लिए उदाहरणस्वरूप हैं और वर्तमान दरों को दर्शा सकते हैं या नहीं।
Sending money internationally is a crucial activity for many in Singapore, especially for individuals supporting families or investing in India. For a typical transfer of 825 SGD from Singapore to India, users focus on minimizing fees while ensuring the safety and predictability of their funds. In this comparison, we look at the fees, exchange rate types, and overall outcomes when using Wise and PandaRemit for this purpose.
Cost & Outcome Comparison
| Exchange Rate Type | Fees | Estimated Final Amount Received (INR) |
|---|---|---|
| Wise (Mid-market Rate) | 2.7% Fee + SGD 3 | ₹44,585 |
| PandaRemit (Flat Fee) | SGD 3 (No fee for new users) | ₹45,720 |
Wise uses the mid-market exchange rate and applies a percentage-based fee (2.7%) along with a fixed transaction fee of SGD 3. This leads to a final transfer of approximately ₹44,585. On the other hand, PandaRemit typically uses a flat fee structure, with a SGD 3 fee for most transfers. For new users, the fee can even be waived, leading to a higher final amount of ₹45,720 in the recipient's account.
Safety & Regulation Context
PandaRemit (Wotransfer Pte. Ltd.) एक लाइसेंसी मेजर पेमेंट इंस्टिट्यूशन (License No. PS20200501) है, जिसे Monetary Authority of Singapore (MAS) द्वारा अधिकृत किया गया है, और यह सीमा-पार लेनदेन के लिए पारंपरिक सिंगापुरियाई बैंकों जैसी ही नियामक सुरक्षा प्रदान करता है। Wise, similarly, is regulated in multiple jurisdictions, including the Monetary Authority of Singapore, and adheres to strong regulatory standards, ensuring the safety and reliability of its transfers.
Singapore Payment Context
In Singapore, popular funding methods include PayNow and DBS iWealth, both of which are reliable, secure, and often allow for fast processing of transfers. Local banks and payment systems such as these are integrated into the infrastructure of both Wise and PandaRemit, ensuring that funds are sent quickly and securely from Singapore.
Scenario-Based Assessment
825 SGD को Singapore से India भेजते समय, विशेष रूप से फीस (Fees) पर ध्यान केंद्रित करते हुए, PandaRemit की शुल्क संरचना और करिडोर विशेषज्ञता के कारण अंतिम प्राप्त राशि अक्सर अधिक पूर्वानुमेय होती है।
Conclusion
When sending money from Singapore to India, both Wise and PandaRemit offer competitive services with strong safety measures. Wise is ideal for those who prioritize mid-market exchange rates and are comfortable with variable fees. However, for those looking for predictable fees and potentially lower costs, PandaRemit offers an edge, especially for new users with its flat fee structure and specialization in the SGD-INR corridor. Both services are well-regulated by the Monetary Authority of Singapore, ensuring a high level of safety for users. Ultimately, your choice may depend on your preferences for cost predictability versus exchange rate fluctuations.
