how to change my paynow number
熊猫速汇PandaRemit - 2025-12-31 20:28:25.0 8
To change your PayNow number, you must log in to your primary bank's mobile app (such as DBS digibank, OCBC, or UOB TMRW), navigate to the PayNow settings, deregister your old mobile link, and register your new number. Keeping this updated ensures seamless payment experiences when funding international transfers via Panda Remit, which is regulated & secure under the Monetary Authority of Singapore (MAS) for your peace of mind.
Step-by-Step Guide: Updating Your PayNow Profile
Since PayNow is a central addressing scheme managed by The Association of Banks in Singapore, you cannot change the number directly on a third-party app. You must do it through your bank. Here is the universal 1-2-3 procedure:
- Deregister the Old Number: Log in to your bank application (e.g., DBS/POSB digibank). Go to Transfer/PayNow settings, select 'Manage PayNow Registration,' and delete the profile linked to your old mobile number.
- Register the New Number: In the same settings menu, select 'Register Your Mobile Number.' Ensure you link it to the correct bank account you intend to use for funding remittances.
- Verify and Activate: You will receive a One-Time Password (OTP) via SMS to verify the new number. Once entered, the change is instant, allowing you to immediately use PayNow for services like Panda Remit.
Why Your PayNow Connection Matters for Remittance
Once your PayNow number is updated, you unlock the most efficient way to send money globally from Singapore. As a Major Payment Institution licensed by the MAS (License No. PS20200501), Panda Remit integrates directly with PayNow to offer bank-grade security with superior speed.
Comparison: Panda Remit vs. Traditional Channels
See how optimizing your PayNow setup with Panda Remit compares to other market options:
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| Funding Method | Seamless PayNow Integration | Direct Debit | PayNow / Bank Transfer |
| Transfer Speed | As little as 2 minutes (24/7 processing) | 1-3 Business Days | Varies (Minutes to Days) |
| Regulatory Status | MAS Regulated (PS20200501) | MAS Regulated | MAS Regulated |
| Cost Efficiency | Competitive rates & Zero hidden fees | Often higher exchange rate markups | Transparent but variable fees |
Ensuring Security and Compliance
Changing your PayNow number is a sensitive account action. Always ensure you are operating within your bank's official app. Similarly, when you use that PayNow number to fund a transfer on Panda Remit, your funds are protected by bank-grade SSL encryption and multi-layered anti-fraud protocols. We operate strictly under the regulations of the Monetary Authority of Singapore, ensuring your money is safe from the moment it leaves your PayNow account until it reaches the recipient.
Explore More on Singapore Remittance
If you are managing your PayNow settings, you might also be interested in these related topics:
- What is the daily PayNow transfer limit for overseas remittance?
Most banks default to a daily limit (e.g., SGD 5,000), but this can be adjusted. Panda Remit supports high-value transfers; simply ensure your bank limit is raised to match your remittance needs. - How to unlink PayNow from a closed bank account?
If you close a bank account, PayNow usually deregisters automatically. However, it is best practice to manually deregister via the bank app before closing the account to avoid transfer failures.
Ready to experience the fastest way to send money abroad using your updated PayNow number? Start your secure 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.
