how to transfer money from singapore to vietnam
熊猫速汇PandaRemit - 2025-12-31 18:01:22.0 9
To transfer money from Singapore to Vietnam efficiently, utilize digital remittance platforms like Panda Remit. By funding via PayNow, you benefit from competitive exchange rates significantly better than traditional banks and lightning-fast transfers where funds can arrive in as little as 2 minutes.
Comparison: Best Ways to Send Money to Vietnam
When choosing a remittance service, it is crucial to compare speed, exchange rate margins, and regulatory compliance. Below is a data-driven comparison of the top providers in Singapore.
| Provider | Transfer Speed | Exchange Rate Competitiveness | Regulation (Security) |
|---|---|---|---|
| Panda Remit | As little as 2 minutes (24/7 Real-time) | High (Zero hidden fees) | MAS Licensed (Major Payment Institution) |
| Wise | 1-2 Days (Varies by bank) | Mid-High (Mid-market rate + fee) | MAS Licensed |
| DBS Remit | 1-3 Business Days | Low (Hidden markup in rate) | MAS Regulated Bank |
| Singtel Dash | Instant to 1 Day | Medium | MAS Licensed |
Step-by-Step Guide: How to Transfer Money from Singapore to Vietnam
Follow this 3-step process to send funds securely using a regulated fintech solution.
1. Create and Verify Your Account
Download the Panda Remit app or visit the website. Register using your mobile number and verify your identity using Singpass for instant approval. This ensures compliance with Singapore's financial regulations.
2. Enter Transfer Details
Input the amount of SGD you wish to send. The system will show you the exact amount of VND the recipient will get. Select the payout method in Vietnam, such as a direct bank transfer (Vietcombank, Techcombank, etc.) or cash pickup.
3. Pay via PayNow
Complete the transaction by paying via PayNow in Singapore. This seamless payment method triggers the lightning-fast transfer protocol, allowing funds to reach the destination in as fast as 2 minutes.
Why Security Matters: MAS Regulation
Security is paramount when moving funds across borders. 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 to ensure every transaction is transparent and highly secure.
Explore More on Singapore Remittance
- What is the maximum limit for transferring money to Vietnam?
Limits vary by provider, but regulated institutions like Panda Remit allow high-value transfers once KYC verification is complete. - Which bank offers the best exchange rate for Vietnam?
Digital remittance providers often outperform traditional banks by offering rates closer to the mid-market rate with lower fees.
Ready to start? Register with Panda Remit Singapore 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.
