how to make payment via paynow
熊猫速汇PandaRemit - 2025-12-30 18:36:06.0 8
To make a payment via PayNow, select it as your payment method within your remittance app, then scan the generated QR code or enter the UEN via your banking app. Using Panda Remit, this seamless payment integration allows for lightning-fast transfers that can arrive in as little as 2 minutes, supported by 24/7 real-time processing.
Step-by-Step Guide: Using PayNow for Global Remittance
PayNow is Singapore's most efficient peer-to-peer and business fund transfer service. When combined with a specialized remittance provider, it offers the fastest way to send money overseas. Follow these three steps to complete your transaction:
1. Initiate Your Transfer
Log in to your remittance account. Enter the amount you wish to send and select your recipient. Ensure you check the live exchange rate—Panda Remit offers competitive rates significantly better than traditional banks with zero hidden fees.
2. Select PayNow as Payment Method
When prompted to pay for your transfer, choose PayNow. The system will generate a unique QR code or provide a Unique Entity Number (UEN) specifically for this transaction.
3. Complete Payment via Bank App
Open your local Singapore banking app (e.g., DBS, OCBC, UOB). Select 'Scan & Pay' to scan the QR code or enter the UEN manually. Confirm the amount and submit. Thanks to Panda Remit's seamless payment infrastructure, your funds are processed immediately.
Comparison: Panda Remit vs. Competitors
When choosing how to make payment via PayNow for international transfers, speed and cost are critical. Below is a comparison of Panda Remit against other major players in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 mins | Varies (Hours to Days) | 1-3 Working Days | Instant to T+1 |
| PayNow Support | Seamless Integration | Supported | N/A (Direct Debit) | Supported |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | Bank License | MAS Licensed |
| Fees | Low, Transparent | Variable % Fee | Zero fee (High FX spread) | Transaction Fees apply |
Why Security Matters: MAS Regulation
Speed is essential, but security is non-negotiable. When you make a payment via PayNow to Panda Remit, you are transacting with 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.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the PayNow transfer limit in Singapore? – Understand your daily limits for large remittances.
- Best remittance app for sending money to China/India – Compare payout options like Alipay, WeChat Pay, and UPI.
Ready to experience the fastest way to send money globally? Register with Panda Remit 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.
