Wise vs PandaRemit: 13000 SGD to India Payment Methods & Funding Options
熊猫速汇PandaRemit - 2025-12-19 08:12:43.0 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।
Sending large remittances from Singapore to India, especially an amount like 13000 SGD, is common among various individuals, including expatriates, business owners, and families supporting relatives. For them, choosing a reliable and cost-efficient service is crucial. Aside from cost, safety and predictability of transfer outcomes are key concerns. Understanding the payment methods and funding options available can significantly influence the final amount received by the recipient in India. This comparison highlights Wise and PandaRemit as two potential options.
Cost & Outcome Comparison
| Exchange Rate Type | Fees | Estimated Final Amount Received |
|---|---|---|
| Wise | Mid-market rate + 1.5% fee | ₹7,31,752 |
| PandaRemit | Flat fee of SGD 3.99 (First transfer free) | ₹7,34,251 |
Wise uses mid-market exchange rates and applies a percentage fee on the transfer amount, making the final amount received dependent on the fluctuating exchange rate. On the other hand, PandaRemit offers flat fees, often starting at SGD 3.99, with the first transfer free for new users. This makes PandaRemit an attractive option for users looking for more predictable costs, especially for regular or large remittances.
Safety & Regulation Context
Both Wise and PandaRemit are licensed entities regulated by Singapore's Monetary Authority of Singapore (MAS). Wise operates under the Major Payment Institution license (License No. PS20180303) and complies with stringent regulatory requirements to ensure the safety and security of funds. Similarly, 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।
Singapore Payment Context
Both services offer multiple payment methods, including PayNow for funding transfers, a popular service in Singapore that allows instant bank transfers. PandaRemit also works with major Singaporean banks like DBS iWealth, ensuring compatibility with local systems. Payment methods like PayNow and DBS iWealth provide a direct and reliable way to fund transfers, enhancing the overall reliability of the service. Wise, though widely available, may rely on traditional bank transfers, which can introduce slight delays in funding.
Scenario-Based Assessment
13000 SGD को Singapore से India भेजते समय, विशेष रूप से भुगतान विधि / फंडिंग विकल्प (Payment Method / Funding Options) 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, both Wise and PandaRemit offer robust remittance services from Singapore to India, each with its own advantages. Wise is known for its transparency and competitive mid-market rates but includes percentage-based fees that may result in slightly fluctuating final amounts. PandaRemit, with its flat fee structure and specialized focus on the SGD-India corridor, offers a more predictable and cost-effective solution, especially for larger remittances. Both are highly regulated, providing a safe and secure transfer environment, but PandaRemit stands out for its lower fees and its direct integration with regional real-time payment networks like PayNow.
