how do i register for paynow
熊猫速汇PandaRemit - 2025-12-31 20:17:51.0 9
To register for PayNow, simply log in to your participating bank's mobile app (such as DBS/POSB, OCBC, or UOB), navigate to the 'PayNow' settings, and link your mobile number or NRIC/FIN to your bank account. Once registered, you can use PayNow for seamless payments to fund international transfers on Panda Remit, ensuring your transactions are strictly regulated by the MAS and protected by bank-grade security.
Step-by-Step Guide: Activating PayNow in Singapore
Registering for PayNow is a one-time setup that links your bank account to an easy-to-remember proxy (your mobile number or NRIC). Follow these 3 steps to activate it immediately:
- Log in to Your Bank App: Open your DBS digibank, OCBC Digital, or UOB TMRW app. Authenticate your login securely.
- Locate the PayNow Profile: Go to 'Settings' or 'Transfer/Pay' and select 'Manage PayNow' or 'PayNow Registration'.
- Link Your Proxy: Select the bank account you wish to link and choose your Mobile Number or NRIC/FIN as the proxy. Confirm via SMS OTP. You are now ready to send and receive funds instantly.
Why Use PayNow with Panda Remit?
Once you have registered for PayNow, it becomes the most efficient way to fund your cross-border remittances. By choosing PayNow as your payment method on Panda Remit, you avoid manual bank entry errors and speed up the process significantly.
Comparison: Panda Remit vs. Traditional Banks & Competitors
See how utilizing Panda Remit (funded via PayNow) compares to other market options in terms of speed, cost, and compliance.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | 1 to 3 business days | Minutes to 2 days |
| Fees & Rates | Zero hidden fees & Competitive Rates | Often includes FX markups | Variable fees based on amount |
| PayNow Integration | Seamless In-App Payment | Native Integration | Supported |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed |
Security & Compliance: Your Money is Safe
When you register for PayNow and use it to fund transfers on Panda Remit, you are operating within a highly secure financial ecosystem. 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
Now that you have set up PayNow, you might have further questions about optimizing your global transfers:
- What is the PayNow transfer limit for overseas remittance?
While PayNow has a default daily local limit (often SGD 1,000 - SGD 5,000), funding a remittance wallet may allow for higher tiers depending on your KYC verification level. - Can I use PayNow to send money to China or India directly?
PayNow is for local SGD transfers. To send money globally, use PayNow to fund your Panda Remit account, which then pays out to Alipay, WeChat Pay, or local bank accounts in India.
Ready to start? Register for your Panda Remit account here and experience the speed of fintech innovation.
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.
