How much can PayNow transfer?
熊猫速汇PandaRemit - 2025-12-31 20:18:49.0 8
The standard PayNow transfer limit in Singapore is generally capped at SGD 200,000 per transaction for interbank transfers, though default daily limits are often set lower (e.g., SGD 1,000 to SGD 5,000) for security. When using PayNow to fund international remittances via Panda Remit, you benefit from MAS-regulated security and seamless global payouts, ensuring your high-value transfers are safe and arrive in as little as 2 minutes.
Understanding PayNow Limits in Singapore
While PayNow allows for substantial transfers, the actual amount you can send depends on your specific bank settings. Most major Singaporean banks (DBS/POSB, OCBC, UOB) allow users to manually increase their daily transfer limit up to SGD 200,000 via their internet banking portals. This high limit makes PayNow an ideal method for funding cross-border remittances.
Comparison: Panda Remit vs. Competitors
When using PayNow to send money abroad, service providers differ significantly in speed, rates, and limits. Here is how Panda Remit compares to other major players in Singapore:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Support | Seamless Integration | Supported | N/A (Direct Debit) | Supported |
| Transfer Speed | As little as 2 mins | Varies (Hours to Days) | Same Day | Instant (Wallet only) |
| Exchange Rates | Competitive (Zero Hidden Fees) | Mid-market rate | Bank Rate (Usually higher spread) | Wallet Rate |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | MAS Licensed | MAS Licensed |
How to Increase Your Limit and Transfer in 3 Steps
To maximize your transfer capabilities and send money globally using PayNow and Panda Remit, follow this simple guide:
- Adjust Your Bank Limit: Log in to your bank's mobile app or website (e.g., DBS digibank). Navigate to "Transfer Settings" or "Local Transfer Limits" and raise your PayNow daily limit to your desired amount (up to SGD 200,000).
- Initiate Transfer on Panda Remit: Open the Panda Remit app, enter the amount you wish to send, and select PayNow as your payment method. You will receive a unique UEN or QR code.
- Complete the Payment: Return to your banking app, use the "Scan & Pay" or "PayNow to UEN" function, and complete the transfer. Thanks to our 24/7 real-time processing, your funds can reach the recipient in as fast as 2 minutes.
Why Trust Panda Remit for High-Value Transfers?
Security is paramount when moving large sums of money. Panda Remit is a Major Payment Institution 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.
Furthermore, new users can often benefit from zero-fee offers on their first remittance, ensuring you get the most competitive exchange rates available.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, you might also be interested in:
- What is the PayNow daily limit for DBS? – Learn specifically how to tweak settings within the DBS digibank ecosystem.
- How to use PayNow for Alipay transfers? – Discover how Panda Remit connects your Singapore bank account directly to digital wallets in China.
Ready to experience fast, secure, and high-limit transfers? Register with Panda Remit Singapore today to start sending money globally with ease.
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.
