how to change paynow from ocbc to dbs
熊猫速汇PandaRemit - 2025-12-31 20:30:28.0 8
To change your PayNow registration from OCBC to DBS, simply log in to the DBS digibank app, navigate to 'PayNow', and register your mobile number or NRIC. The system will detect the existing link and prompt you to transfer it instantly. Once updated, you can utilize this seamless payment method to fund lightning-fast transfers (arriving in as little as 2 minutes) via Panda Remit.
Step-by-Step Guide: Transferring PayNow to DBS
In Singapore, a specific proxy (Mobile Number or NRIC) can only be linked to one bank account at a time for receiving funds. Follow these 3 steps to switch your PayNow linkage from OCBC to DBS without needing to manually deregister first.
- Log in to DBS digibank: Open your DBS digibank mobile app or online banking portal. Tap on the PayNow icon or navigate to 'Transfer/Pay' settings.
- Register Your Proxy: Select 'Register Your Mobile No.' or 'Register Your NRIC/FIN'. The system will check the central addressing scheme.
- Confirm the Transfer: You will see a prompt stating that this ID is currently registered with OCBC. Click 'Transfer' or 'Change Bank' and authenticate with your DBS Token or SMS OTP. Your PayNow is now instantly linked to your DBS account.
Leveraging PayNow for Global Remittance
Once your PayNow is successfully linked to your primary DBS account, you unlock the most efficient way to fund international money transfers. As a Major Payment Institution licensed by the MAS (License No. PS20200501), Panda Remit allows you to use PayNow for secure, bank-grade funding.
By using PayNow with Panda Remit, you avoid the slow processing times of traditional bank wires. Our system supports 24/7 real-time processing, ensuring your funds move globally—whether to Alipay in China or bank accounts in India—with zero friction.
Comparison: Panda Remit vs. Competitors
When using your DBS account to send money abroad, how does Panda Remit compare to traditional banks and other fintechs? See the data below.
| Feature | Panda Remit | DBS Remit | Wise (TransferWise) | Singtel Dash |
|---|---|---|---|---|
| Regulation | MAS Licensed (PS20200501) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
| Transfer Speed | As fast as 2 minutes | 1-3 Working Days | Varies (Minutes to Days) | Instant to specific partners |
| Exchange Rates | Competitive (Close to Mid-Market) | Bank Rate (Higher markup) | Mid-Market Rate | Includes FX Markup |
| PayNow Integration | Seamless In-App Payment | Native | Supported | Supported |
| Hidden Fees | Zero Hidden Fees | Cable charges may apply | Variable percentage fee | Transaction fees apply |
Explore More on Singapore Remittance
Optimizing your PayNow settings is just the first step to smarter financial management in Singapore. Here are common questions related to managing your transfers:
- What is the daily PayNow transfer limit for DBS?
By default, the limit is often set to SGD 1,000 or SGD 5,000, but you can increase this up to SGD 200,000 via your DBS digibank settings to accommodate larger remittances. - Can I have PayNow on both OCBC and DBS?
Yes, but not for the same ID. You can link your NRIC to OCBC and your Mobile Number to DBS (or vice versa) to receive funds into different accounts.
Ready to experience a faster, safer way to send money globally using your updated PayNow account? Register with Panda Remit today to enjoy exclusive new-user exchange rates and zero handling fees.
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.
