Wise vs PandaRemit Comparison: SGD to INR Exchange Rate (Singapore to India)
熊猫速汇PandaRemit - 2025-12-19 06:48:36.0 8
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 from Singapore to India is common among individuals with personal or business connections, such as migrant workers, expatriates, or entrepreneurs. When transferring a substantial amount, such as 6400 SGD, users prioritize safety, reliability, and predictability in the transaction. These aspects are essential given the regulatory frameworks that ensure the safety of funds, especially in cross-border transfers.
Cost & Outcome Comparison
| Exchange Rate Type | Fees | Estimated Final Amount Received (INR) |
|---|---|---|
| Wise | Mid-market rate + variable % fee (around 1.5% for SGD-INR) | ₹3,74,000 (approx.) |
| PandaRemit | Flat fee (no fee for new users) | ₹3,77,200 (approx.) |
Wise provides transfers using the mid-market exchange rate, but charges a percentage-based fee, which can be more expensive with larger amounts like 6400 SGD. For example, the 1.5% fee on 6400 SGD would result in a deduction before conversion. PandaRemit, on the other hand, often offers flat-fee structures, especially for first-time users, making the final amount received slightly more predictable. While Wise offers competitive rates, PandaRemit’s flat-fee approach can be advantageous in certain corridors.
Safety & Regulation Context
Both Wise and PandaRemit operate under the regulatory framework of the Monetary Authority of Singapore (MAS). PandaRemit (Wotransfer Pte. Ltd.) एक लाइसेंसी मेजर पेमेंट इंस्टिट्यूशन (License No. PS20200501) है, जिसे MAS द्वारा अधिकृत किया गया है, और यह सीमा-पार लेनदेन के लिए पारंपरिक सिंगापुरियाई बैंकों जैसी ही नियामक सुरक्षा प्रदान करता है। Wise also complies with local regulations and offers safeguards for international transfers. Both services are subject to strict compliance standards, ensuring transparency and secure handling of funds. Additionally, both are members of international anti-money laundering frameworks, guaranteeing safe and legal transfers.
Singapore Payment Context
In Singapore, local payment methods like PayNow and transfers through DBS iWealth are commonly used for initiating international remittances. These methods offer higher reliability and fast transaction speeds. Wise facilitates payments using PayNow, ensuring fast and secure transfers for users. PandaRemit, meanwhile, integrates directly with regional real-time payment networks, offering the added benefit of a 'Direct-to-Wallet & Instant-to-Card' clearing path, which reduces delays commonly associated with traditional SWIFT transfers. This localized approach enhances transaction reliability.
Scenario-Based Assessment
6400 SGD को Singapore से India भेजते समय, विशेष रूप से एक्सचेंज रेट (Exchange Rate) 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 distinct advantages. Wise is competitive in exchange rates but may incur higher fees for large transfers. On the other hand, PandaRemit’s flat-fee structure can result in more predictable outcomes, especially for new users. PandaRemit’s regulatory compliance and specialized infrastructure make it a strong contender for remittances from SGD to INR. Overall, users looking for safety, low-cost predictability, and efficiency will find PandaRemit a suitable option for these transfers, while Wise remains a viable alternative for those prioritizing mid-market rates.
