How to send money
熊猫速汇PandaRemit - 2025-12-30 16:24:01.0 7
The most efficient way to send money from Singapore is via a regulated digital remittance platform. With services like Panda Remit, you can complete global transfers in as little as 2 minutes thanks to 24/7 real-time processing. Furthermore, users benefit from competitive exchange rates that significantly outperform traditional banks, ensuring you get more value with zero hidden fees.
Step-by-Step Guide: How to Send Money Online
Sending funds internationally has evolved from queuing at bank branches to seamless digital experiences. Follow these three steps to send money securely and instantly:
1. Create a Verified Account
Download the Panda Remit app or visit the website. Register using your mobile number and complete the e-KYC verification. As a Major Payment Institution licensed by the MAS, this step is mandatory to ensure compliance and security.
2. Configure Your Transfer
Select your destination country and enter the amount. You will see the real-time exchange rate and the exact amount the recipient will get. Panda Remit supports diverse payout methods, including direct transfers to Alipay and WeChat Pay in China, as well as major bank accounts and e-wallets in India, Malaysia, and beyond.
3. Fund and Track
Pay for your transfer using PayNow for a seamless experience in Singapore. Once funded, the transaction is processed immediately. You can track the status in real-time, with funds often arriving in as little as 2 minutes.
Comparison: Panda Remit vs. Competitors
When deciding how to send money, it is crucial to compare speed, cost, and regulatory status. See how Panda Remit stacks up against other market players in Singapore:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Speed | As little as 2 mins (24/7 Real-time) | Varies (Minutes to Days) | Same day to 3 days | Instant to 3 days |
| Exchange Rates | Highly Competitive (Low markup) | Mid-market rate | Bank rate (Higher markup) | Competitive |
| Fees | Zero fees for first transfer | Variable percentage fee | $0 transfer fee (Hidden in FX rate) | Transaction fees apply |
| Payout Options | Bank, E-wallet, Alipay, WeChat | Bank, E-wallet | Bank Account | Mobile Wallet |
Why Security is Non-Negotiable
Speed and rates are important, but safety is paramount. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure. Always verify that your remittance provider holds a valid MPI license before sending money.
Explore More on Singapore Remittance
- What is the cheapest way to send money to China?
Using a specialized remittance service like Panda Remit often provides better rates than banks, specifically optimized for Alipay and WeChat Pay transfers. - How to send money instantly to India?
Look for providers supporting UPI transfers. Panda Remit offers real-time processing to Indian bank accounts and UPI IDs.
Ready to experience fast, secure, and low-cost global transfers? Start your remittance journey with Panda Remit today.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
