how to register for paynow dbs
熊猫速汇PandaRemit - 2025-12-30 18:40:15.0 13
To register for PayNow with DBS, simply log in to your digibank mobile app, tap on "Pay & Transfer," select "PayNow," and follow the prompts to link your mobile number or NRIC/FIN. Once registered, you can utilize Seamless Payment options to fund international transfers on platforms like Panda Remit, where funds can arrive in as little as 2 minutes.
Step-by-Step Guide: Registering PayNow on DBS digibank
Registering for PayNow is essential for enabling instant SGD transfers. Follow this 3-step guide to link your account via the DBS digibank mobile app:
- Log in and Navigate: Open your DBS digibank app and log in. Tap on the Pay & Transfer icon, then select PayNow.
- Select Your Profile: Tap on Your Profile (or "Register Your Profile"). You will be prompted to choose a proxy to link to your bank account—usually your Mobile Number or NRIC/FIN.
- Confirm and Verify: Select the DBS/POSB bank account you wish to link. Review the details and tap Register Now to complete the setup. You will receive an SMS confirmation immediately.
Optimizing Your PayNow for Global Remittance
Once your PayNow is active, it becomes the most efficient way to fund cross-border transactions. Unlike traditional bank wires which can take days, using PayNow to fund a remittance wallet allows for real-time processing.
Comparison: Panda Remit vs. Banks & Competitors
When sending money from Singapore, how does using PayNow with a specialized fintech compare to traditional banks or other apps? See the data below:
| Feature | Panda Remit | DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 mins (24/7 Real-time) | 1-3 Working Days (varies by corridor) | Minutes to Days | Instant to Days |
| Exchange Rates | Market-beating rates (Zero hidden fees) | Bank Rate (Often includes markup) | Mid-market rate + Variable Fee | Competitive but varies |
| PayNow Support | Seamless Integration | Native | Supported | Supported |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
Security and Compliance: Your Funds are Safe
When linking your bank account to payment services, security is paramount. Panda Remit is 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 funded via PayNow is transparent and highly secure.
Explore More on Singapore Remittance
If you are looking to maximize the value of your SGD transfers, consider these related topics:
- What is the daily PayNow limit for DBS?
By default, the limit is often set to S$1,000, but you can increase this up to S$200,000 via your digibank settings to accommodate larger remittances. - How to transfer money from Singapore to China/India instantly?
Using PayNow to fund Panda Remit allows for direct payouts to Alipay, WeChat Pay, and local bank accounts globally. Start your secure remittance journey here.
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.
