how to register for paynow maybank
熊猫速汇PandaRemit - 2025-12-30 18:40:45.0 4
To register for PayNow with Maybank, simply log in to the Maybank2u SG app, navigate to "Settings," select "PayNow," and link your mobile number or NRIC to your account. This enables instant local payments and allows you to fund Panda Remit transactions for seamless global payouts, ensuring your international transfers arrive in as little as 2 minutes.
Step-by-Step Guide: Registering PayNow on Maybank2u
Registering for PayNow is essential for modern banking in Singapore, allowing you to send and receive money instantly using just a mobile number or NRIC. Follow these 3 simple steps to activate it via Maybank:
Method 1: Via Maybank2u SG Mobile App
- Login and Navigate: Launch the Maybank2u SG app and log in. Tap the top-left menu bar and select "Settings."
- Select PayNow: Tap on "PayNow" and choose "Register PayNow."
- Link and Confirm: Select the account you wish to link and choose your proxy (Mobile Number or NRIC/FIN). Enter the One-Time Password (OTP) sent to your mobile to complete the registration.
Method 2: Via Maybank Online Banking
- Log in to Maybank2u Online Banking.
- Go to "Settings" > "PayNow" > "Maintain PayNow Registration."
- Follow the on-screen prompts to link your ID and confirm the setup.
Why Use PayNow with Panda Remit?
Once you have registered for PayNow, you unlock the most efficient way to fund international remittances. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit integrates seamlessly with PayNow to offer a secure and rapid remittance experience.
By using PayNow to fund your Panda Remit account, you avoid the processing delays of traditional bank wires. We implement bank-grade SSL encryption to ensure every transaction is transparent and highly secure.
Comparison: Panda Remit vs. Competitors
See how Panda Remit stacks up against traditional banks and other remittance services when funding via PayNow:
| Feature | Panda Remit | Traditional Banks (e.g., DBS, Maybank Remit) | Other Apps (e.g., Wise, Singtel Dash) |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1 - 3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive Market Rates (Beat the banks) | High markup (Hidden spread) | Mid-market rate (Plus fees) |
| Fees | Zero hidden fees (New user offers available) | Cable charges + Agent fees | Variable percentage fees |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed |
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the daily transfer limit for PayNow Maybank?
Generally, the default limit is SGD 1,000, but this can be adjusted up to SGD 200,000 via online banking settings, which is ideal for larger remittances via Panda Remit. - How to change PayNow linked account Maybank?
You can easily switch the linked bank account by revisiting the "Settings" menu in your Maybank app, deregistering the old account, and registering the new one.
Ready to experience faster, cheaper global transfers? Start your remittance journey 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.
