how to pay by paynow
熊猫速汇PandaRemit - 2025-12-30 18:36:38.0 8
To pay by PayNow, simply select "PayNow" as your payment method during the checkout process to generate a unique QR code. Open your preferred Singapore banking app (such as DBS, OCBC, or UOB), scan the code, and confirm the transaction. Platforms like Panda Remit utilize this seamless payment integration to ensure your funds arrive in as little as 2 minutes through 24/7 real-time processing.
Step-by-Step Guide: How to Pay by PayNow for Remittance
PayNow is Singapore's most efficient peer-to-peer funds transfer service. When using a remittance service like Panda Remit, follow these three simple steps to complete your transaction securely:
- Initiate Your Transfer: Log in to your remittance app and enter the amount you wish to send. You will immediately see the competitive exchange rate and the exact amount the recipient will receive.
- Select PayNow as Payment Method: When prompted to pay, choose PayNow. The system will generate a dynamic QR code or provide a Unique Entity Number (UEN) specifically for this transaction.
- Scan and Pay: Open your local banking app (DBS PayLah!, OCBC Pay Anyone, etc.), select the "Scan & Pay" function, scan the QR code, and approve the transfer. Your funds are typically processed instantly.
Comparison: Panda Remit vs. Competitors
When deciding how to pay by 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 minutes | 1-2 Banking Days | 1-3 Banking Days | Varies by corridor |
| PayNow Integration | Seamless (In-App) | Supported | N/A (Direct Debit) | Supported |
| Fees | Zero fees for new users | Variable % fee | Zero (but higher FX spread) | Transaction fees apply |
| Regulatory Status | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed | MAS Licensed |
Why Security Matters: MAS Regulation
When learning how to pay by PayNow, 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. This ensures that every PayNow transaction you make is not only fast but also transparent and highly secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, you might also be interested in:
- What is the PayNow transfer limit in Singapore?
Most banks set a default daily limit (e.g., SGD 1,000 - SGD 5,000), but this can be adjusted in your banking settings to accommodate larger remittance needs. - How to find the best exchange rates?
Always compare the "real" exchange rate against the mid-market rate. Panda Remit offers rates significantly better than traditional banks.
Ready to experience the fastest way to send money globally? Register with Panda Remit today to 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.
