can i transfer money from paynow to paylah
熊猫速汇PandaRemit - 2025-12-31 16:55:36.0 8
Yes, you can seamlessly transfer money to a DBS PayLah! account using PayNow. Since PayLah! is fully integrated into Singapore's PayNow network, you simply need the recipient's mobile number linked to their PayLah! wallet. For users looking to extend this convenience to global transfers, Panda Remit allows you to pay directly via PayNow, ensuring lightning-fast transfers that can arrive in as little as 2 minutes.
Understanding the Connection: PayNow and PayLah!
It is a common misconception that PayNow and PayLah! are competing systems that do not talk to each other. In reality, PayLah! is a mobile wallet by DBS, while PayNow is the national peer-to-peer funds transfer service. Because PayLah! supports PayNow, you can receive funds into your PayLah! wallet from any bank app in Singapore using the PayNow rail.
Step-by-Step Guide: Using PayNow for Local and Global Transfers
Whether you are sending money to a friend's PayLah! wallet down the street or sending funds overseas, the process is streamlined. Here is how to leverage PayNow for maximum efficiency:
1. For Local Transfers (To PayLah!)
To send money to a PayLah! user, log in to your banking app, select PayNow, enter the recipient's mobile number, and the funds will deposit instantly into their PayLah! wallet (provided they have linked it as their default PayNow proxy).
2. For Global Remittances (Via Panda Remit)
You can use the exact same PayNow infrastructure to send money internationally with Panda Remit. This avoids the hassle of manual bank transfers.
- Step 1: Initiate Transfer. Open the Panda Remit app and enter the amount you wish to send. You will see competitive exchange rates significantly better than traditional banks.
- Step 2: Select PayNow. Choose PayNow as your payment method. This ensures seamless payment processing without needing to enter credit card details.
- Step 3: Complete Payment. Use your banking app to scan the Panda Remit UEN/QR code. Funds are processed 24/7, with many transactions completing in 2 minutes.
Comparison: Panda Remit vs. Competitors
When using PayNow to fund international transfers, speed and cost are critical. Below is a comparison of how Panda Remit stacks up against other major players in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless (Direct In-App) | Supported | N/A (Direct Debit) | Supported |
| Transfer Speed | As fast as 2 minutes | Varies (Minutes to Days) | Same Day (Cut-off times apply) | Instant to specific partners |
| Fees | Zero hidden fees (Low flat fee) | Variable percentage fee | $0 Transfer Fee (FX markup applies) | Variable FX markup |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | Bank License | MAS Licensed |
Why Security Matters: MAS Regulation
When transferring money, whether locally to PayLah! or globally, security is non-negotiable. Panda Remit is a Major Payment Institution 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 to ensure every transaction is transparent and highly secure.
Explore More on Singapore Remittance
If you found this guide on PayNow and PayLah! helpful, you might also be interested in these related topics:
- How to increase PayNow transfer limit for overseas payments?
- Is it cheaper to use PayLah or Panda Remit for sending money to Malaysia?
Ready to experience the fastest way to send money globally using PayNow? 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.
