How to send money to Japan
熊猫速汇PandaRemit - 2025-12-31 19:43:19.0 6
The most efficient way to send money to Japan from Singapore is through specialized digital remittance services like Panda Remit. By funding your transfer via PayNow, funds can arrive in as little as 2 minutes with 24/7 real-time processing. This method offers competitive exchange rates significantly better than traditional banks and ensures zero hidden fees for a cost-effective transaction.
Comparing Remittance Options: Singapore to Japan
When deciding how to send money to Japan, it is crucial to compare speed, cost, and regulatory safety. Below is a comparison of Panda Remit against major competitors in the Singapore market.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive Market Rates (Low markup) | Often includes higher markup | Mid-market rates |
| Fees | Zero fees for new users; Transparent pricing | Usually zero transfer fee, but hidden in FX rate | Variable percentage fee |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed |
3 Steps to Send Money to Japan Instantly
Sending SGD to JPY is no longer a complex banking procedure. Follow this streamlined 1-2-3 guide to complete your transfer:
- Create and Verify Your Account
Download the Panda Remit app or visit the website. Register using your Singapore mobile number and complete the e-KYC verification process using Singpass for instant approval. - Enter Amount and Recipient Details
Input the amount of SGD you wish to send. The system will show you the exact JPY amount the recipient will get based on the locked-in exchange rate. Enter the recipient's Japanese bank account details (Bank Name, Branch, Account Number, and Account Holder Name). - Pay via PayNow
Select PayNow as your payment method for the fastest processing. Once the payment is confirmed, Panda Remit processes the transaction immediately, with funds often arriving in Japan within minutes.
Safety and Regulation: Is it Safe?
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.
Beyond regulatory compliance, the platform employs bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that every transaction is transparent, traceable, and highly secure, giving you peace of mind whether you are sending 100 SGD or 10,000 SGD.
Explore More on Singapore Remittance
- What is the maximum limit for sending money to Japan from Singapore?
While limits vary by provider, digital platforms generally allow high-value transfers once enhanced due diligence is completed. Check your specific tier limit in the app. - When is the best time to exchange SGD for JPY?
Exchange rates fluctuate daily. Using a service with real-time rate alerts can help you lock in the best rate.
Ready to experience fast and secure remittance? Start your transfer with Panda Remit today.
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.
