how to change paynow phone number
熊猫速汇PandaRemit - 2025-12-31 20:34:27.0 8
To change your PayNow phone number, you must log in to your bank's mobile app (e.g., DBS, OCBC, UOB), deregister your old mobile number from the PayNow settings, and register your new one. Keeping this updated ensures seamless payments via PayNow for services like Panda Remit, which is strictly regulated by the MAS to guarantee bank-grade security for your transactions.
Step-by-Step Guide: Updating Your PayNow Mobile Number
Since PayNow is a central service linked to your specific bank account, you cannot change the number on a standalone "PayNow app." You must do it through the banking app where you originally registered. Here is the universal 1-2-3 procedure:
1. Deregister the Old Number
Log in to your internet banking or mobile banking app. Navigate to "Transfer/PayNow" settings. Select "Manage PayNow Registration" and choose to deregister your current mobile number. This frees up your profile.
2. Register the New Number
Once deregistered, select the option to Register for PayNow. Select your new mobile number (ensure it is updated in the bank's personal details section first) and link it to your preferred bank account for receiving funds.
3. Verify and Confirm
You will typically receive an SMS OTP to verify the change. Once confirmed, the update is instant. You can now use this number to send money or fund international remittances immediately.
Why Use PayNow for International Remittance?
Once your phone number is updated, PayNow becomes the most efficient way to fund cross-border transfers. When using Panda Remit, linking via PayNow allows for lightning-fast transfers where funds can arrive in as little as 2 minutes.
Comparison: Panda Remit vs. Traditional Banks & Competitors
See why updating your PayNow for Panda Remit yields better financial efficiency compared to other Singaporean market players:
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| PayNow Integration | Seamless (Instant funding) | Native Integration | Supported |
| Transfer Speed | As fast as 2 minutes (24/7 processing) | 1 to 3 working days | Varies (Minutes to Days) |
| Exchange Rates | Competitive (Better than banks) | Bank Rate + Markup (0.5% - 1.5%) | Mid-market rate |
| Fees | Zero hidden fees (Transparent) | Often waived, but hidden in FX rate | Variable transfer fees |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed (Bank) | MAS Licensed |
Safety and Compliance: Your Money is Protected
Changing your PayNow details involves sensitive personal data. It is crucial to use remittance partners that prioritize security. 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 made with your PayNow number is transparent and highly secure.
Explore More on Singapore Remittance
- What is the daily PayNow transfer limit in Singapore?
Most banks default to SGD 1,000 or SGD 5,000, but this can be adjusted up to SGD 200,000 depending on your bank settings, facilitating larger remittances. - Is it safe to link PayNow to remittance apps?
Yes, provided the app is MAS-regulated. Start your secure remittance journey with Panda Remit here to enjoy low-cost global transfers.
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.
