how to paynow dbs
熊猫速汇PandaRemit - 2025-12-30 18:37:11.0 7
To use PayNow via DBS, log in to the DBS digibank app, select "Pay & Transfer," and choose "PayNow" to enter a UEN or scan a QR code. For international remittances, using DBS PayNow to fund Panda Remit ensures seamless payment integration and allows your funds to arrive globally in as little as 2 minutes.
Step-by-Step: How to PayNow from DBS Digibank
Using PayNow with DBS is the most efficient way to fund your cross-border transfers. Follow this 3-step guide to complete your payment instantly:
- Log in and Select PayNow: Open your DBS digibank app, tap on the "Pay & Transfer" icon, and select "PayNow" from the menu options.
- Enter Recipient Details (UEN): To fund your remittance wallet, select "UEN" (Unique Entity Number). If you are topping up your Panda Remit account, copy the specific UEN provided in the Panda Remit app or simply use the "Scan QR" feature to scan the generated PayNow QR code.
- Verify and Confirm: Enter the amount you wish to transfer. Ensure the entity name matches (e.g., Panda Remit) and tap "Make Transfer." Your funds are processed instantly, 24/7.
Comparison: Panda Remit vs. Competitors
When using DBS PayNow to send money overseas, choosing the right remittance partner is crucial for saving costs. Below is a comparison of Panda Remit against major competitors in Singapore.
| Feature | Panda Remit | DBS Remit | Wise (TransferWise) |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes | Same-day (Selected markets) | Varies (Minutes to Days) |
| Exchange Rates | Competitive (Market + Low Margin) | Bank Rate (Includes markup) | Mid-Market Rate |
| Fees | Zero fees for new users | $0 Transfer Fee (Hidden in FX) | Variable percentage fee |
| PayNow Integration | Seamless (Instant Funding) | Native | Supported |
Why Trust Panda Remit with Your DBS PayNow Transfer?
Security is paramount when linking your bank account to financial services. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501.
We utilize bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that when you PayNow from DBS, your transaction is not only fast but fully compliant and secure. For full transparency, you can verify how Panda Remit is regulated globally.
Explore More on Singapore Remittance
What is the daily DBS PayNow limit for remittances?
By default, the daily limit is often set to SGD 1,000 or SGD 5,000, but you can adjust this up to SGD 200,000 via your DBS digibank settings to accommodate larger international transfers.
Can I use PayNow to send money to China or India directly?
While PayNow is a local Singaporean network, you can use it to fund Panda Remit, which then instantly pays out to Alipay/WeChat in China or local bank accounts in India. To experience these seamless global payouts, register with Panda Remit today.
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.
