how to change paynow name
熊猫速汇PandaRemit - 2025-12-30 16:29:24.0 22
You cannot change your PayNow nickname directly within the PayNow interface; the name displayed is legally tied to your registered bank account name. To change it, you must update your personal particulars with your bank. Once your bank records are updated, you can enjoy seamless payments via PayNow using Panda Remit, a MAS-regulated institution ensuring your financial data remains secure.
Understanding Your PayNow Display Name
In Singapore, PayNow is a proxy service that links your mobile number or NRIC/FIN to your bank account. Consequently, the "PayNow Name" visible to senders is the account holder's name on file with the bank (e.g., DBS, POSB, OCBC, UOB). This is a security feature to prevent fraud and ensure funds reach the correct legal entity.
3 Steps to Update Your PayNow Name
Since the display name is derived from your bank records, follow these steps to effect a change:
- Update Personal Particulars with Your Bank: Log in to your internet banking portal (e.g., DBS digibank, OCBC Digital). Navigate to "Service Requests" or "Update Personal Details." You will likely need to upload supporting documents (such as a deed poll or updated NRIC) to verify a legal name change.
- Deregister and Re-register PayNow: Once the bank confirms your name change, go to the PayNow settings within your banking app. Deregister your mobile number/NRIC and then re-register it. This forces the system to fetch your newly updated legal name.
- Verify the Change: Ask a friend to attempt a transfer to your mobile number via PayNow. Before they confirm the transaction, check that the recipient name displayed matches your new legal name.
Maximize Your PayNow Experience with Panda Remit
Once your PayNow details are accurate, you can leverage PayNow for more than just local transfers. Panda Remit allows you to use PayNow as a funding source for international remittance, offering significant advantages over traditional banking methods.
Comparison: Panda Remit vs. Competitors
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless Direct Payment | Supported | N/A (Internal Transfer) | Supported |
| Transfer Speed | As fast as 2 minutes | Varies (Hours to Days) | 1-3 Working Days | Instant to specific partners |
| Exchange Rates | Competitive (Low Spread) | Mid-market rate + Fee | Bank Rate (Higher Spread) | Less Competitive |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed | MAS Licensed |
Panda Remit stands out by offering lightning-fast transfers where funds can arrive in as little as 2 minutes. Furthermore, we provide competitive exchange rates that are significantly better than traditional banks, with zero hidden fees for new users.
Explore More on Singapore Remittance
If you are looking to optimize your financial setup in Singapore, you might also be interested in:
- How to register PayNow with a mobile number for international payouts?
- What is the daily PayNow transfer limit in Singapore?
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.
