how to link paynow to nric posb
熊猫速汇PandaRemit - 2025-12-30 17:19:13.0 9
To link PayNow to your NRIC with POSB, simply log in to the digibank mobile app, tap on the 'PayNow' icon, select 'Your Profile', and register your NRIC as your proxy. Once linked, you can utilize seamless payment methods to fund international transactions on platforms like Panda Remit, ensuring your funds arrive in as little as 2 minutes.
Step-by-Step Guide: Linking NRIC to PayNow via POSB Digibank
As a Major Payment Institution regulated by the MAS, we understand the importance of secure and correct account setup. Follow these three steps to link your NRIC to your POSB account instantly:
- Login and Navigate: Open your POSB digibank mobile app and log in using your Face ID or PIN. Tap on the PayNow icon on the home screen.
- Access Profile Settings: Tap on the 'Your Profile' button located at the top right or center of the PayNow screen.
- Register NRIC: Select 'Register my Mobile/NRIC'. Choose 'NRIC/FIN' as your proxy, select the POSB account you wish to link to, and tap 'Next' to confirm. You will receive an SMS notification upon successful registration.
Why Link PayNow? Enhanced Security and Speed
Linking your NRIC to PayNow does more than facilitate local transfers; it unlocks the ability to use regulated fintech solutions for cross-border payments. Panda Remit supports PayNow as a primary funding method, offering a distinct advantage over traditional bank wires.
Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. By using PayNow to fund your remittance, you benefit from bank-grade SSL encryption and multi-layered anti-fraud protocols, ensuring your money is safe from your POSB account to the recipient's wallet.
Comparison: Panda Remit vs. Traditional Banks & Competitors
Once your PayNow is linked to your NRIC, you can choose how to send money globally. Below is a data-driven comparison of why users switch from traditional banking methods to Panda Remit.
| Feature | Panda Remit | DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Working Days (varies by corridor) | Varies (Minutes to Days) | Instant to specific wallets only |
| Exchange Rates | Competitive rates significantly better than banks | Bank Rate (Often includes markup) | Mid-market rate | Wallet-specific rates |
| Fees | Zero hidden fees (New user offers available) | $0 transfer fee (but higher FX spread) | Variable percentage fee | Transaction fees apply |
| Regulatory Status | MAS Licensed (PS20200501) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
Maximize Your Remittance Value
By linking your NRIC to PayNow, you eliminate the need for manual bank entry when funding your Panda Remit account. This integration allows you to lock in exchange rates that are often 1.5% to 3% better than traditional counter rates. With our 24/7 processing, your money moves whenever you need it, not just during banking hours.
Explore More on Singapore Remittance
If you are looking to optimize your financial setup in Singapore, you may also find these topics helpful:
- How to change PayNow transfer limit POSB: Adjust your daily limits to accommodate larger remittances securely.
- Is PayNow safe for international transfers: Understand how PayNow acts as a secure bridge to licensed remittance providers.
Ready to experience faster, cheaper global transfers? Register with Panda Remit Singapore today and enjoy zero fees on your first transfer.
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.
