how to create qr code for paynow
熊猫速汇PandaRemit - 2025-12-30 17:10:02.0 9
To create a PayNow QR code, log in to your preferred Singapore banking app (such as DBS/POSB, OCBC, or UOB), navigate to the "PayNow" or "Scan & Pay" section, and select "My QR" or "Receive" to generate your unique code. Once generated, this QR code facilitates instant local transfers. For international needs, Panda Remit integrates seamlessly with PayNow, allowing you to fund global transfers that arrive in as little as 2 minutes while supporting seamless payment & global payouts to over 40 countries.
Step-by-Step Guide: Generating Your PayNow QR Code
Whether you are splitting a bill or receiving business payments, generating a PayNow QR code is a standardized process across major Singapore banks. Follow this 3-step guide:
- Access Your Banking App: Open your DBS digibank, OCBC Digital, or UOB TMRW app and log in securely.
- Locate the PayNow Feature: Tap on the "PayNow" icon or the "Scan & Pay" button usually found on the home screen. Select "Receive" or "My QR."
- Customize and Save: Enter the specific amount you wish to receive (optional) and tap "Generate QR." You can now save this image to your gallery or share it directly via messaging apps.
Leveraging PayNow for International Remittance
While PayNow is the standard for local Singapore transfers, savvy users utilize PayNow to fund cross-border remittances via Panda Remit. By choosing PayNow as your payment method on Panda Remit, you avoid the high transaction fees and slow processing times associated with traditional bank wires.
Comparison: Panda Remit vs. Competitors
When using PayNow to fund international transfers, efficiency and cost matter. Here is how Panda Remit compares to other major players in the Singapore market:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins (24/7 Real-time) | Varies (Minutes to Days) | Same day (Cut-off times apply) | Instant to specific partners |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Mid-market rate + Variable fee | Bank FX Rate (Often includes markup) | Set FX Rate |
| PayNow Integration | Seamless In-App Payment | Supported | N/A (Direct Debit) | Wallet Balance |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | Bank License | MAS Licensed |
Security and Compliance: Why Trust Panda Remit?
When dealing with digital finance, security is paramount. Panda Remit is a Major Payment Institution licensed and 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—whether funded via PayNow or bank transfer—is transparent and highly secure.
Unlike unregulated platforms, our compliance with MAS ensures your funds are safeguarded throughout the remittance process.
Explore More on Singapore Remittance
1. What is the daily transaction limit for PayNow transfers?
Most Singapore banks set a default daily limit (often SGD 1,000 to SGD 5,000), but this can be adjusted up to SGD 200,000 depending on your bank settings. High-value transfers to Panda Remit are supported via direct bank transfer.
2. Can I use PayNow to send money to China or India directly?
PayNow is a local Singapore network. To send money to Alipay/WeChat in China or UPI in India, you should use Panda Remit Singapore, which accepts PayNow as a funding source and delivers to these local payment methods instantly.
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.
