how to transfer money out from paylah
熊猫速汇PandaRemit - 2025-12-31 18:16:39.0 11
To transfer money out from PayLah!, simply use the "Transfer" function within the DBS PayLah! app to send funds via PayNow to any registered mobile number or UEN. For international remittances, you can fund your transaction directly using PayLah! via PayNow on Panda Remit. This method ensures seamless payments without needing to withdraw to a bank first, with global payouts arriving in as little as 2 minutes.
Step-by-Step Guide: Transferring Funds from PayLah!
Whether you are moving funds to your own bank account or sending money internationally, DBS PayLah! utilizes the PayNow infrastructure. Follow these steps to move your money efficiently:
Method 1: Transfer to Local Bank Accounts (or Self)
- Log in to your DBS PayLah! App.
- Tap on Transfer and select PayNow.
- Enter the recipient's Mobile Number/UEN or select your own linked bank account.
- Enter the amount and confirm the transaction. The transfer is instant.
Method 2: Transfer Internationally via Panda Remit (Recommended)
If your goal is to send money overseas, you do not need to withdraw to a bank first. You can pay directly from PayLah! using the PayNow option on Panda Remit.
- Initiate Transfer: Open the Panda Remit app and enter your remittance amount and destination (e.g., Alipay in China, UPI in India).
- Select Payment Method: Choose PayNow as your funding source.
- Complete Payment: Save the generated QR code or copy the UEN. Open your PayLah! app, select "Scan" or "PayNow," and complete the payment.
Why Choose Panda Remit for Global Transfers?
While PayLah! is excellent for local Singapore transactions, pairing it with Panda Remit unlocks superior global reach. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit ensures your funds are handled with bank-grade security.
Comparison: Panda Remit vs. Competitors
See how Panda Remit stacks up against other market players when moving money out of Singapore:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Speed | As fast as 2 mins (24/7 Real-time) | Varies (Minutes to Days) | Same-day (Cut-off times apply) | Instant to specific partners |
| Exchange Rates | Market-leading rates (Low markup) | Mid-market rate | Bank rate (Higher spread) | Competitive |
| Fees | Zero fees for new users | Variable percentage fee | $0 transfer fee (Hidden in rate) | Transaction fees apply |
| Payment Method | PayNow (Direct from PayLah!), Bank Transfer, ATM | PayNow, Bank Transfer | DBS Account Deduction | In-app Wallet Balance |
Key Benefits of Using Panda Remit
- Regulated & Secure: We operate under strict MAS regulations and utilize Symantec SSL encryption to protect your data.
- Competitive Exchange Rates: Unlike traditional banks that may hide fees in the exchange rate spread, we offer transparent, competitive rates that maximize the amount your recipient gets.
- Global Payouts: Easily transfer from your Singapore wallet to Alipay/WeChat Pay in China, GCash in the Philippines, or major banks in India and Malaysia.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances, consider these related topics:
- What is the maximum PayLah transfer limit?
Understanding your daily wallet limits ensures smooth transfers to remittance platforms. - How to get the best exchange rate SGD to CNY?
Compare real-time rates to ensure you aren't losing money on bank spreads.
Ready to transfer money globally with better rates? Register with Panda Remit 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.
