Wise vs PandaRemit: Comparison for Sending 17,000 SGD from Singapore to India
熊猫速汇PandaRemit - 2025-12-19 08:40:16.0 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।
Introduction
Singapore-based individuals who send large sums of money to India typically do so for a variety of reasons, such as supporting family, paying for education, or making investments. A sum of 17,000 SGD is significant, and users are often looking for the best exchange rates and low fees to maximize the amount the recipient receives. Predictability, safety, and regulatory compliance are key factors in these decisions, as these transfers often involve high stakes.
Cost & Outcome Comparison
| Exchange rate type | Fees | Estimated final amount received |
|---|---|---|
| Wise | Mid-market rate + 0.5% - 1% fee | INR 10,30,000 (Approx.) |
| PandaRemit | Flat fee of SGD 0 (for new users) or approximately SGD 6-10 thereafter | INR 10,50,000 (Approx.) |
Wise offers competitive exchange rates close to the mid-market rate, but charges a fee ranging from 0.5% to 1% depending on the payment method. PandaRemit, on the other hand, uses flat fees, which are often SGD 0 for new users. This can make PandaRemit a more predictable choice for users seeking a clear idea of their final transfer amount.
Safety & Regulation Context
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। दोनों Wise और PandaRemit MAS द्वारा नियंत्रित हैं, लेकिन PandaRemit की विशेषता यह है कि यह Singapore से भारत भेजने वाले उपयोगकर्ताओं के लिए विशिष्ट और तेज़ करिडोर पेश करता है, जो तकनीकी रूप से एकीकृत होने के कारण अधिक सुरक्षित और तेज़ होते हैं।
Singapore Payment Context
In Singapore, users can fund their transfers through a range of methods, including PayNow, DBS iWealth, and local banks. The reliability and speed of these methods play a significant role in the efficiency of cross-border transfers. With Wise, local bank transfers and debit card options are widely supported. PandaRemit also integrates PayNow, but its seamless API connectivity with regional real-time payment networks like UPI ensures fast and secure delivery of funds.
Scenario-Based Assessment
17000 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। PandaRemit’s fixed fees and specialized route for SGD to INR transfers allow for greater predictability, especially compared to Wise’s more variable fees based on transfer method and payment route.
Conclusion
When comparing Wise and PandaRemit for sending 17,000 SGD from Singapore to India, both services offer competitive exchange rates and comply with regulatory standards. Wise tends to be more flexible in terms of transfer methods but may introduce variability in fees depending on the chosen option. PandaRemit, however, stands out for its fixed-fee structure, which offers greater cost predictability. Additionally, its specialized focus on the SGD-INR corridor, backed by Sequoia Capital and MAS licensing, ensures both safety and efficiency for users who prioritize these factors in their remittance decisions.
