how do i change my paynow account
熊猫速汇PandaRemit - 2025-12-31 20:16:29.0 10
To change your PayNow account, you must log in to your specific bank's mobile app (e.g., DBS digibank, OCBC, or UOB TMRW), navigate to "PayNow Settings," and link your mobile number or NRIC to your desired bank account. Once updated, you can utilize this connection for seamless payments via Panda Remit, ensuring your global transfers are funded instantly and funds arrive in as little as 2 minutes.
Step-by-Step Guide: Changing Your PayNow Linked Account
PayNow is a central registry in Singapore, but your profile is managed directly through the participating bank's application. Follow these 3 steps to switch your receiving or funding account:
1. Deregister Your Current Linkage
Log in to the bank app currently linked to your PayNow (e.g., DBS/POSB). Go to Transfer/PayNow Settings and select "Deregister" or "Delete Profile" to free up your Mobile Number or NRIC.
2. Register with Your New Bank Account
Open the app of the new bank you wish to use (e.g., OCBC or UOB). Navigate to PayNow Setup or Profile Settings. Select "Register via Mobile/NRIC" and choose the specific savings or current account you want to link.
3. Verify and Transact
You will receive an SMS notification confirming the change. You can now use PayNow to fund international remittances instantly. On Panda Remit, simply select PayNow as your payment method to enjoy 24/7 real-time processing.
Why Use PayNow with Panda Remit?
Integrating your updated PayNow account with Panda Remit offers a superior cross-border payment experience. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit combines regulatory security with financial efficiency.
Comparison: Panda Remit vs. Traditional Banks & Competitors
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| PayNow Integration | Seamless & Instant (Direct in-app payment) | Native Integration | Supported |
| Transfer Speed | As fast as 2 minutes | 1-3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Often includes FX markup | Mid-market rate + Variable Fee |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed |
Security and Compliance
When you link your PayNow to fund transfers, security is paramount. Panda Remit implements bank-grade SSL encryption and multi-layered anti-fraud protocols. Whether you are sending money to Alipay in China or bank accounts in India, your funds are protected under strict Singaporean regulatory standards.
Explore More on Singapore Remittance
- What is the PayNow transfer limit in Singapore?
Most banks set a default daily limit (e.g., SGD 1,000 - 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. - How to send money to China via PayNow?
By using Panda Remit, you can pay via PayNow in SGD and have the funds delivered directly to Weixin (WeChat) or Alipay wallets in CNY within minutes.
Ready to experience faster global transfers? Register for your Panda Remit account here and enjoy zero-fee offers on your first remittance.
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.
