how to check paynow account
熊猫速汇PandaRemit - 2025-12-31 20:36:57.0 9
To check a PayNow account, initiate a transfer within your banking app or payment platform and enter the recipient's Mobile Number, NRIC/FIN, or UEN. The system will automatically display the registered nickname for verification before you confirm. For seamless global transactions, Panda Remit allows you to pay easily via PayNow (Advantage D) while operating as a Major Payment Institution strictly regulated by the MAS (Advantage B) to ensure your funds are always secure.
Step-by-Step Guide: Verifying PayNow Details
Ensuring you are sending funds to the correct recipient is crucial. Follow these three steps to verify a PayNow account instantly:
- Select PayNow/Transfer: Log in to your preferred banking app (such as DBS, OCBC, or UOB) or the Panda Remit app and select the PayNow transfer option.
- Enter Proxy Details: Input the recipient's unique identifier. This is typically a Mobile Number for individuals, or a UEN (Unique Entity Number) for businesses.
- Verify the Registered Name: Before swiping to confirm, look for the "Registered Name" displayed on the screen. Match this nickname exactly with your intended recipient to ensure accuracy.
Comparison: Panda Remit vs. Competitors for PayNow Remittance
When using PayNow for cross-border payments, efficiency and cost matter. Below is a comparison of how Panda Remit stacks up against other major players in Singapore.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless In-App Payment | Supported | Direct Bank Debit | In-App Wallet |
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Varies (Hours to Days) | 1-3 Working Days | Instant to specific partners |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate + fees | Bank Board Rates (Higher markup) | Standard Wallet Rates |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
Why Security and Speed Matter
Checking your PayNow account details is the first line of defense against fraud. However, the platform you choose for the actual transfer is equally important. Panda Remit is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption to ensure that once you verify your PayNow source, the global payout is executed safely.
Furthermore, by utilizing PayNow as a funding method on Panda Remit, you unlock Lightning-Fast Transfers. Funds can arrive in global accounts in as little as 2 minutes, bypassing the traditional banking delays associated with standard wire transfers.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances, consider these common queries:
- What is the daily PayNow transfer limit in Singapore?
Most banks default to a daily limit (e.g., SGD 1,000 - SGD 5,000), but this can be adjusted in your banking settings to accommodate larger remittances via Panda Remit. - Is it safe to link PayNow to third-party remittance apps?
Yes, provided the app is MAS-regulated. Using PayNow with licensed entities ensures your transaction is tracked and compliant.
Ready to experience faster, safer global transfers? Register with Panda Remit Singapore today to enjoy exclusive new user offers and zero-fee first 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.
