how to link nric to paynow
熊猫速汇PandaRemit - 2025-12-30 16:35:26.0 9
To link your NRIC to PayNow, simply log in to your preferred Singapore banking app (such as DBS/POSB, OCBC, or UOB), navigate to the "PayNow" or "Transfer Settings" menu, and select "Register" or "Link ID." Choose NRIC as your proxy to enable instant funds reception. Once linked, you can utilize Panda Remit's seamless PayNow integration to fund international transfers securely, backed by our status as a MAS-regulated Major Payment Institution.
Step-by-Step Guide: Linking NRIC to PayNow by Bank
Linking your NRIC to PayNow is a critical step for receiving government payouts (like GST Vouchers) and facilitating peer-to-peer transfers. Below is the official procedure for Singapore's major banks.
1. DBS/POSB digibank mobile
- Log in to the digibank app.
- Tap on Pay & Transfer > PayNow.
- Tap on Your Profile (top right).
- Select Register your Mobile No. / NRIC / UEN.
- Follow the on-screen prompts to complete SMS verification.
2. OCBC Mobile Banking
- Log in to the OCBC app.
- Tap on the menu bar (top left) > PayNow.
- Select Manage PayNow Registration.
- Check the box for NRIC and tap Link.
- Authenticate using your OneToken or SMS OTP.
3. UOB TMRW
- Log in to UOB TMRW.
- Tap on Services > PayNow.
- Select Register and choose NRIC as your proxy.
- Confirm details and swipe to submit.
Why Use PayNow for International Remittance?
Once your NRIC is linked to PayNow, you unlock the fastest way to fund cross-border payments. Panda Remit supports PayNow as a primary funding method, allowing you to send money globally with bank-grade SSL encryption and strict compliance under MAS License No. PS20200501.
By using PayNow with Panda Remit, funds can arrive at your destination in as little as 2 minutes, bypassing the traditional 1-3 day processing times of standard bank wires.
Comparison: Panda Remit vs. Competitors
When sending money from Singapore, how does Panda Remit compare to traditional banks and other fintech players? See the data below:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| Transfer Speed | As fast as 2 minutes | Varies (Minutes to Days) | 1-3 Working Days | Instant to specific partners |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate + Fee | Bank Rate (Often includes markup) | Competitive |
| PayNow Support | Seamless Integration | Supported | Internal Transfer | Top-up required |
| Service Availability | 24/7 Real-time Processing | 24/7 | Banking Hours dependent | 24/7 |
Ensuring Security and Compliance
Security is paramount when linking personal identifiers like NRIC to financial instruments. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS). We implement multi-layered anti-fraud protocols to ensure that when you fund your remittance via PayNow, your transaction is transparent and secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances further, consider these common queries:
- What is the daily PayNow transfer limit in Singapore?
Most banks default to SGD 1,000 or SGD 5,000, but this can be adjusted up to SGD 200,000 depending on your bank settings. - Can I use PayNow to send money to China or India?
Directly, no. However, you can use PayNow to fund Panda Remit, which then pays out to Alipay/WeChat (China) or UPI/Bank Accounts (India) instantly.
Ready to experience fast, secure, and low-cost global transfers? Register with Panda Remit Singapore today to enjoy exclusive new user offers.
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.
