how to change paynow number
熊猫速汇PandaRemit - 2025-12-30 16:51:16.0 9
To change your PayNow number, you must log in to your respective bank's mobile app (e.g., DBS, OCBC, UOB), navigate to the "PayNow" or "Profile" settings, deregister the existing mobile number, and link your new one. Ensuring your contact details are current allows for seamless payments via PayNow (Advantage D) when funding international transfers, while maintaining high security standards backed by MAS regulation (Advantage B).
Step-by-Step Guide: Updating Your PayNow Mobile Number
PayNow is a central addressing scheme in Singapore that links your mobile number or NRIC to your bank account. You cannot change the number inside the PayNow interface itself; you must do it through your bank. Follow these steps:
1. Deregister Your Old Number
Before linking a new number, you must unlink the old one to prevent transfer errors.
- DBS/POSB: Log in to digibank mobile > Tap "More" > "Transfer Settings" > "Manage PayNow" > Delete the registered mobile number.
- OCBC: Log in to OCBC app > Tap menu bar > "Settings" > "Manage PayNow" > Deregister.
- UOB: Log in to UOB TMRW > "Services" > "Profile" > "PayNow" > Deregister.
2. Update Your Bank Profile
If you have a completely new SIM card/phone number, ensure your bank's core records are updated first. This usually requires authentication via Singpass or an ATM visit depending on the bank's security protocol.
3. Register the New Number
Once your bank profile reflects the new number:
- Return to the "Manage PayNow" section in your banking app.
- Select your new mobile number.
- Link it to your preferred current or savings account.
- Verify the setup via SMS OTP or Token.
Why Efficient PayNow Management Matters for Remittance
Keeping your PayNow details updated is crucial for modern digital finance, especially when sending money overseas. Services like Panda Remit allow you to fund transactions directly via PayNow, offering a superior alternative to traditional bank wires.
Comparison: Panda Remit vs. Traditional & Digital Competitors
| Feature | Panda Remit | Traditional Banks (DBS Remit/OCBC) | Other Apps (Wise/Singtel Dash) |
|---|---|---|---|
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed |
| Speed | As fast as 2 minutes (24/7 processing) | 1-3 Business Days | Varies (Instant to 2 days) |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Often includes markup | Mid-market rate + Variable fees |
| PayNow Integration | Seamless In-App Payment | Native | Supported |
| Security | Bank-grade SSL & Anti-fraud | Bank-grade | Standard Encryption |
Security and Compliance: Your Money is Safe
When changing financial details or making transfers, security is paramount. Panda Remit is a Major Payment Institution 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.
By using PayNow with Panda Remit, you benefit from the convenience of local transfers combined with our global payout network, allowing funds to arrive in as little as 2 minutes.
Explore More on Singapore Remittance
1. What is the daily transfer limit for PayNow?
Most banks in Singapore set a default daily limit (e.g., SGD 1,000 or SGD 5,000), but this can be adjusted up to SGD 200,000 depending on your bank settings. High limits facilitate larger remittances via Panda Remit.
2. Can I use PayNow to send money to China or India?
Directly, no. PayNow is for local SG transfers. However, you can use PayNow to fund your Panda Remit wallet, which then instantly converts and sends the money to Alipay/WeChat (China) or UPI/Bank Accounts (India). Start your secure remittance journey here.
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.
