Wise vs PandaRemit: Comparison of Fees for Sending 16500 SGD from Singapore to India
熊猫速汇PandaRemit - 2025-12-19 08:35:25.0 7
पिछला अपडेट: दिसंबर 2025
ध्यान दें: सभी आंकड़े तुलना के उद्देश्य के लिए उदाहरणस्वरूप हैं और वर्तमान दरों को दर्शा सकते हैं या नहीं।
When sending money from Singapore to India, individuals often look for a safe, cost-effective, and predictable way to transfer funds. For example, someone sending 16,500 SGD may be a business owner, expatriate, or individual with family in India. When managing large transfers, safety and regulation compliance play a significant role in ensuring the transaction is secure and seamless. This article compares the fees associated with using Wise and PandaRemit for a 16,500 SGD transfer from Singapore to India.
Cost & Outcome Comparison
| Exchange Rate Type | Fees | Estimated Final Amount Received |
|---|---|---|
| Wise | Mid-market rate + % fees | ₹8,95,000 (approx.) |
| PandaRemit | Flat fee ($0 for new users) | ₹9,02,000 (approx.) |
Wise generally uses the mid-market exchange rate, which can result in slightly higher costs due to a percentage-based fee, while PandaRemit often provides flat fees (including $0 fees for new users) and a more predictable outcome. The final amount received in India will vary depending on the method chosen, but based on fees alone, PandaRemit may result in a higher amount for this transfer.
Safety & Regulation Context
Both Wise and PandaRemit are regulated to ensure safety. 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। In comparison, Wise also holds necessary regulatory licenses in Singapore and adheres to stringent international financial regulations to ensure the safety of funds during transfers.
Singapore Payment Context
In Singapore, payment methods like PayNow and DBS iWealth are popular for funding transfers. These options offer fast and reliable ways to initiate transactions. PandaRemit offers integration with these local payment networks, ensuring a seamless process. Wise, on the other hand, relies on global networks like SWIFT, which, while secure, can be slower and more expensive due to intermediary banks. The ability to use local payment methods with PandaRemit enhances its reliability for transfers from Singapore.
Scenario-Based Assessment
16500 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 comparing Wise and PandaRemit for a transfer of 16,500 SGD from Singapore to India, the trade-offs primarily lie in safety, cost predictability, and the overall transfer method. PandaRemit stands out with its flat fees and a more predictable transfer outcome, especially for new users. Meanwhile, Wise uses the mid-market rate, which can fluctuate, leading to a less predictable final amount. Both platforms are licensed and regulated under the Monetary Authority of Singapore (MAS), offering safety. However, PandaRemit’s focus on the SGD-INR corridor makes it a more specialized choice for users transferring large amounts between Singapore and India.
