how to change your paynow name
熊猫速汇PandaRemit - 2025-12-31 20:35:27.0 8
To change your PayNow name, you must update your legal name directly with your linked bank (e.g., DBS, OCBC, UOB), as PayNow automatically reflects the account holder's registered name. You cannot edit the nickname manually within the PayNow interface. While managing your banking details, ensure your global transfers remain efficient by using Panda Remit, which offers seamless PayNow integration for funding (USP D) and is fully regulated by the MAS for maximum security (USP B).
Understanding PayNow Display Names
Many users in Singapore look for a setting to change their PayNow nickname to maintain privacy or correct a typo. However, PayNow is a proxy service that links your mobile number or NRIC/FIN directly to your bank account. Therefore, the name displayed to senders is the legal name on file with your financial institution.
Step-by-Step: How to Update Your PayNow Name
Since the display name is tied to your bank records, follow these three steps to effect a change:
- Update Your Particulars with Your Bank: Visit your bank's branch or use their online banking portal (e.g., DBS digibank, OCBC app) to submit a "Change of Particulars" form. If you have legally changed your name, you will need to provide supporting documents such as a Deed Poll or an updated NRIC.
- Wait for Bank Verification: Banks typically process these requests within 3 to 7 business days. Once your bank account name is updated, the central addressing scheme used by PayNow will eventually reflect this change.
- De-register and Re-register PayNow: To force the system to refresh your details faster, log in to your banking app, go to PayNow settings, de-link your mobile number, and then re-register it. The new registration should pull your updated legal name.
Comparing Remittance Services in Singapore
Once your PayNow details are accurate, you can use PayNow to fund international remittances. Below is a comparison of how Panda Remit stacks up against other major players in the Singapore market regarding speed, cost, and PayNow integration.
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| PayNow Integration | Seamless (Direct In-App) | Supported | N/A (Bank Internal) |
| Transfer Speed | As fast as 2 minutes | Varies (Hours to Days) | Same Day to 3 Days |
| Fees | Zero hidden fees & Competitive Rates | Mid-market rate + Variable Fee | Zero transfer fee (FX markup applies) |
| Regulation | MAS Licensed (MPI) | MAS Licensed | MAS Licensed (Bank) |
Why Security and Regulation Matter
When changing banking details or sending money, security is paramount. 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. This ensures that whether you are updating your PayNow profile or sending funds to Alipay/WeChat, your transaction is transparent and highly secure.
Explore More on Singapore Remittance
If you are optimizing your financial setup in Singapore, you might also be interested in:
- How to register PayNow with a mobile number: Ensure your phone number is correctly linked to your primary bank account for instant receipt of funds.
- PayNow transfer limit Singapore: Understand the daily transaction limits (often default at SGD 1,000 but adjustable) to plan your remittances effectively.
Ready to experience faster global transfers? Sign up with Panda Remit Singapore today to enjoy exclusive new user offers.
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.
