how to deregister paynow
熊猫速汇PandaRemit - 2025-12-30 16:51:48.0 7
To deregister PayNow, log in to your respective bank's mobile app (such as DBS digibank, OCBC, or UOB TMRW), navigate to the "PayNow" or "Transfer Settings" menu, and select the option to "Deregister" or "Unlink" your NRIC/mobile number. This ensures your profile is cleared for new setups. As a MAS-regulated Major Payment Institution, Panda Remit advocates for strict account security while offering seamless PayNow integration for your subsequent global money transfers.
Step-by-Step Guide: Deregistering PayNow by Bank
Deregistering PayNow is a necessary step if you are changing mobile numbers, switching your primary bank account, or simply reorganizing your finances. Below are the specific steps for Singapore's major banks.
1. DBS / POSB (digibank mobile)
- Log in to your digibank app.
- Tap on More > Transfer Settings.
- Select Manage PayNow Registration.
- Tap on the profile you wish to remove and select Deregister.
2. OCBC (OCBC Digital)
- Log in to the OCBC Digital app.
- Tap on the menu bar and select Settings.
- Select Manage PayNow.
- Choose the proxy (Mobile/NRIC) you wish to remove and click Deregister.
3. UOB (UOB TMRW)
- Log in to UOB TMRW.
- Go to Services > Settings > Manage PayNow.
- Select the linked mobile number or NRIC and confirm Deregister.
Why Security and Regulation Matter
Managing your PayNow links is a key part of digital financial hygiene. When you move funds, whether locally via PayNow or internationally, security 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, ensuring that once you have sorted your local PayNow settings, your global transfers remain safe and compliant.
Comparison: Panda Remit vs. Traditional Banks & Competitors
Once you have managed your PayNow registry, you may be looking to transfer funds internationally. Using PayNow as a funding method for cross-border remittance is efficient. Here is how Panda Remit compares to other market players in Singapore.
| Feature | Panda Remit | DBS Remit | Wise |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Same day to 3 working days | Minutes to 2 days |
| Exchange Rates | Competitive market rates with zero hidden fees | Bank rates (often includes FX markup) | Mid-market rate + variable fees |
| PayNow Integration | Seamless Support for funding transfers | Native Integration | Supported |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed |
Data indicates that users switching to specialized remittance services can save significantly on exchange rate margins. Panda Remit allows funds to arrive in as little as 2 minutes, providing a distinct advantage over traditional banking timelines.
Explore More on Singapore Remittance
If you are optimizing your financial setup in Singapore, you might also find these topics helpful:
- How to change PayNow transfer limit Singapore?
Adjusting your daily limits is often required for larger remittances. Most banks allow limit changes up to SGD 200,000 via their apps. - Is PayNow safe for international transfers?
PayNow itself is for local transfers, but it is the safest way to fund your international remittance wallet. Start your secure global transfer journey with Panda Remit 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.
