Wise vs PandaRemit: Exchange Rate Comparison for Sending 13000 SGD to India
熊猫速汇PandaRemit - 2025-12-19 08:12:30.0 5
पिछला अपडेट: दिसंबर 2025
ध्यान दें: सभी आंकड़े तुलना के उद्देश्य के लिए उदाहरणस्वरूप हैं और वर्तमान दरों को दर्शा सकते हैं या नहीं।
Personal remittances from Singapore to India are a common financial transaction, particularly among expatriates and migrant workers who need to send money back home. In this context, safety, regulation, and predictability of exchange rates are crucial factors for users. The choice of remittance service can significantly impact the amount the recipient ultimately receives, especially when dealing with large amounts such as 13,000 SGD. Here, we compare Wise and PandaRemit based on their exchange rate offerings, fees, and regulatory compliance to help users make an informed decision.
Cost & Outcome Comparison
| Exchange rate type | Fees | Estimated final amount received |
|---|---|---|
| Wise | Mid-market rate + % fee | Approximately ₹7,17,680 |
| PandaRemit | Flat fee, 0% fee for new users | Approximately ₹7,20,000 |
Wise uses the mid-market rate for currency conversions, which is the most transparent and close-to-market rate but incurs a percentage-based fee on the transfer amount. On the other hand, PandaRemit often uses flat fees, with zero charges for new users, making the exchange process relatively straightforward and predictable. As a result, recipients may often receive a slightly higher amount with PandaRemit, especially for new users who benefit from the fee waiver.
Safety & Regulation Context
Both Wise and PandaRemit operate under strict regulatory frameworks. Wise is a licensed financial institution in various jurisdictions, including Singapore, offering secure and regulated remittance services. However, 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।
PandaRemit’s regulatory license from the Monetary Authority of Singapore ensures that the company adheres to the same safety standards as traditional banks. Furthermore, both services provide customer protection mechanisms to safeguard funds and adhere to the necessary payout regulations in India.
Singapore Payment Context
For sending money from Singapore, users can choose to fund their remittance via various methods, such as PayNow or local bank accounts. Both Wise and PandaRemit support PayNow, which ensures faster and more reliable payments, as well as integration with DBS iWealth and other local banks. Local funding methods tend to be more stable compared to international transfers, which might face delays due to intermediary banks or payment networks.
Scenario-Based Assessment
13000 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
In conclusion, when sending 13000 SGD from Singapore to India, Wise offers transparency with mid-market exchange rates and a fee structure based on the transfer amount. However, for users looking for cost predictability, especially those sending money frequently, PandaRemit’s flat fee and no-fee offerings for new users may be a more economical option. Both services are regulated by the Monetary Authority of Singapore, ensuring safe and reliable transactions. Depending on the user’s preferences for transparency or cost predictability, either service can be a good choice for remittance transfers.
