How to use PayLah to transfer money
熊猫速汇PandaRemit - 2025-12-31 19:08:23.0 9
To transfer money using DBS PayLah!, simply select the 'Pay' option and scan a QR code or enter a UEN via PayNow. For international transfers, you can use PayLah! to fund your transaction on Panda Remit. This method leverages seamless payment integration via PayNow and ensures your funds arrive globally in as little as 2 minutes.
Step-by-Step Guide: Using PayLah! for Global Remittance
While DBS PayLah! is primarily a local wallet, you can use it to fund international transfers efficiently by pairing it with Panda Remit. Here is the authoritative 1-2-3 process:
- Initiate Transfer on Panda Remit: Open the Panda Remit app, enter the amount you wish to send (e.g., SGD 1,000), and select your destination currency. You will see the real-time exchange rate and zero hidden fees.
- Select PayNow as Payment Method: Proceed to payment and choose PayNow. Panda Remit will generate a unique UEN or QR code for this transaction.
- Complete Payment via PayLah!: Open your DBS PayLah! app, tap 'Scan' or 'Pay', and enter the UEN/scan the QR code provided by Panda Remit. Once confirmed, the funds are processed immediately.
Comparison: Panda Remit vs. Competitors
When considering how to use PayLah to transfer money for overseas needs, it is crucial to compare the efficiency of the remittance partner you choose. Below is a data-driven comparison of Panda Remit against major Singaporean alternatives.
| Feature | Panda Remit | DBS Remit | Wise |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Business Days (varies by corridor) | Varies (Minutes to Days) |
| Exchange Rates | Competitive Market Rates (Low Spread) | Bank Rate (Higher Spread) | Mid-Market Rate |
| Fees | Zero fees for first transfer; Transparent pricing | Zero transfer fees (but hidden in exchange rate) | Variable percentage fee |
| PayLah! Support | Yes (via PayNow integration) | Direct Integration | Yes (via PayNow) |
Regulatory Status & Security
Security is paramount when moving funds. Panda Remit is a Major Payment Institution licensed and 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 that when you use PayLah! to fund your transfer, your money is protected at every step.
Explore More on Singapore Remittance
Can I use PayLah to transfer money to overseas bank accounts directly?
Directly, PayLah! is designed for local Singapore transfers. However, by using the PayNow function within PayLah!, you can seamlessly fund a Panda Remit account to send money to over 40 countries, including direct transfers to Alipay, WeChat Pay, and Indian bank accounts.
What is the daily transfer limit when using PayLah?
Your transfer limit depends on your personal PayLah! wallet settings, typically capped at SGD 2,000 by default (upgradable to SGD 20,000). Ensure your wallet limit covers your intended remittance amount before initiating the transaction on Panda Remit.
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.
