How to use PayNow to transfer money
熊猫速汇PandaRemit - 2025-12-31 19:08:50.0 9
To use PayNow to transfer money, simply log in to your banking app, select "PayNow," and enter the recipient's UEN or mobile number. For international remittances, choose Panda Remit to pay seamlessly via PayNow. Funds can arrive in as little as 2 minutes, supported by 24/7 real-time processing and global payout options to Alipay, WeChat Pay, and bank accounts.
Step-by-Step Guide: Using PayNow for Global Remittance
While PayNow is the standard for local transfers in Singapore, it is also the most efficient way to fund international money transfers. Follow this 1-2-3 step guide to send money globally using PayNow through Panda Remit.
Step 1: Initiate Your Transfer
Download the Panda Remit app and register. Enter the amount you wish to send (e.g., SGD 1,000). You will immediately see the competitive exchange rate and the exact amount the recipient will receive. Unlike traditional banks, we ensure zero hidden fees.
Step 2: Select PayNow as Payment Method
When prompted to pay for your transfer, select PayNow. This ensures a seamless payment experience. Panda Remit supports direct transfers to major global destinations, including Alipay and WeChat Pay in China, and local banks in India and Malaysia.
Step 3: Complete the Transaction
Save the generated PayNow QR code or copy the UEN provided by Panda Remit. Open your preferred Singapore banking app (DBS, OCBC, UOB, etc.), scan the QR code, and confirm the payment. Your funds are processed immediately, with many transactions completing in under 2 minutes.
Comparison: Panda Remit vs. Competitors
When choosing how to use PayNow to transfer money internationally, speed and cost are critical. Below is a comparison of Panda Remit against other major players in the Singapore market.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins | Varies (Minutes to Days) | Instant (Selected Markets) | 1-3 Business Days |
| Exchange Rate | Highly Competitive | Mid-Market Rate | Bank Rate (Higher Spread) | Standard Rate |
| Fees | Low / Zero for New Users | Variable Percentage Fee | No Transfer Fee (Hidden in Rate) | Transaction Fee Applies |
| PayNow Integration | Seamless Support | Supported | Native Integration | Supported |
Why Trust Panda Remit? (MAS Regulated)
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 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
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the maximum PayNow transfer limit in Singapore?
Most banks default to a daily limit (e.g., SGD 5,000), but this can be adjusted up to SGD 200,000 depending on your bank settings, allowing for larger remittances via Panda Remit. - Can I use PayNow to transfer to Alipay directly?
Direct PayNow to Alipay is not possible natively. However, you can use Panda Remit to pay via PayNow in SGD, and we deliver the funds directly to the recipient's Alipay wallet in CNY within minutes.
Ready to experience fast, secure, and low-cost transfers? Register with Panda Remit Singapore today and enjoy exclusive rates for 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.
