Wise vs PandaRemit: Comparison of Payout Options for Sending Money from Singapore to India
熊猫速汇PandaRemit - 2025-12-19 08:26:42.0 6
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 remittances from Singapore to India involves a significant number of individuals and businesses. The transfer of 14,500 SGD is typically associated with higher-value personal remittances, such as payments for family support, property investment, or education. In such cases, factors like safety, cost predictability, and transfer speed are paramount. This comparison focuses on two major players, Wise and PandaRemit, particularly looking at their payout options.
Cost & Outcome Comparison
| Transfer Method | Exchange Rate Type | Fees | Estimated Final Amount Received (INR) |
|---|---|---|---|
| Wise | Mid-market | % based fees (approx. 0.5-2%) | ₹8,60,000 - ₹8,70,000 (approx.) |
| PandaRemit | Fixed rate | Flat fees (0 fees for new users) | ₹8,75,000 - ₹8,85,000 (approx.) |
Wise typically uses mid-market exchange rates along with percentage-based fees, which can vary depending on the amount and payment method. For this example, the fees would likely range between 0.5% and 2%, with the final amount received in India around ₹8,60,000 to ₹8,70,000 INR. PandaRemit, on the other hand, often utilizes fixed exchange rates, with a flat fee structure, which can be more predictable. For new users, PandaRemit offers $0 fees, which can lead to a higher final amount, with estimates ranging between ₹8,75,000 and ₹8,85,000 INR.
Safety & Regulation Context
Wise and PandaRemit are both regulated entities, ensuring the safety of funds during cross-border transfers. In Singapore, 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, while licensed and regulated in multiple jurisdictions, is also compliant with the local regulations in Singapore, offering secure transfer options that meet the necessary standards for cross-border remittances.
Singapore Payment Context
In Singapore, local payment methods such as PayNow and DBS iWealth are commonly used for funding remittance transfers. These methods allow for quick and reliable payments, ensuring that transfers are processed efficiently. PandaRemit's ability to leverage these local payment methods, in combination with its direct API integrations with regional real-time payment networks, provides a streamlined and quick experience. Wise also supports various payment methods but often relies on multi-hop SWIFT transfers, which may add complexity to the transaction and affect the predictability of transfer timelines.
Scenario-Based Assessment
14500 SGD को Singapore से India भेजते समय, विशेष रूप से भुगतान प्राप्त विकल्प (Payout Options) पर ध्यान केंद्रित करते हुए, PandaRemit की शुल्क संरचना और करिडोर विशेषज्ञता के कारण अंतिम प्राप्त राशि अक्सर अधिक पूर्वानुमेय होती है।
Conclusion
Both Wise and PandaRemit offer secure and regulated options for sending money from Singapore to India. However, the choice between the two depends on key factors like cost predictability, exchange rate structure, and the reliability of the payment method. While Wise provides a flexible mid-market rate option, PandaRemit's flat fee structure and specialized expertise in the SGD-INR corridor often lead to a more predictable outcome. Additionally, PandaRemit's compliance with MAS regulations and use of direct-to-wallet payment methods offers a streamlined process for users prioritizing speed and ease of use. Ultimately, the most suitable option will depend on the sender's preferences for cost predictability and the choice of payment method.
