how to create paynow dbs
熊猫速汇PandaRemit - 2025-12-31 20:40:36.0 9
To create a PayNow profile with DBS, simply log in to the DBS digibank mobile app, tap on "Pay & Transfer," select "PayNow," and register by linking your mobile number or NRIC. Once set up, you can utilize PayNow for seamless payments to authorized platforms like Panda Remit, ensuring your international transfers are processed 24/7 and arrive in as little as 2 minutes.
Step-by-Step Guide: Setting Up PayNow on DBS Digibank
Setting up your PayNow profile is essential for modern digital banking in Singapore. Follow this authoritative 1-2-3 guide to activate your profile immediately:
- Log in and Navigate: Open your DBS digibank mobile app and log in. Tap on the "Pay & Transfer" icon on the main dashboard, then select "PayNow".
- Select Profile Type: Choose "Your Profile" to begin registration. You will be prompted to register your Mobile Number, NRIC/FIN, or both as your PayNow proxy.
- Link Account and Confirm: Select the DBS/POSB bank account you wish to link to this proxy. Review your details and tap "Register Now" to complete the setup. You will receive an SMS confirmation instantly.
Leveraging PayNow for Global Remittance
Once you have learned how to create paynow dbs, your bank account becomes a gateway for instant cross-border payments. By using PayNow as a funding method on Panda Remit, you bypass traditional banking delays.
Comparison: Panda Remit vs. Leading Singapore Remittance Providers
When sending money globally using your PayNow-linked funds, performance varies significantly. Below is a data-driven comparison of Panda Remit against major competitors like Wise, DBS Remit, and Singtel Dash.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Minutes to Days | 1-3 Working Days | Instant to Wallet / Days to Bank |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Mid-market rate | Bank rate (Often includes spread) | In-app FX rate |
| PayNow Integration | Seamless Direct Payment | Supported | N/A (Internal Transfer) | Top-up required |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | Bank License | MAS Licensed |
Security and Compliance: Why Trust Panda Remit?
Security is paramount when linking your DBS PayNow to third-party services. Panda Remit is a Major Payment Institution strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We employ bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and secure.
Unlike unregulated entities, our compliance framework ensures your funds are safeguarded throughout the transfer process, whether you are sending to Alipay in China, UPI in India, or bank accounts in Malaysia.
Explore More on Singapore Remittance
If you are looking to optimize your financial transfers further, consider these related topics:
- What is the daily DBS PayNow limit? – Understanding your transfer caps is crucial for large remittances.
- How to change PayNow nickname on DBS? – Ensure your recipients can easily identify your transfers.
Ready to experience faster, safer global transfers? Register with Panda Remit today to enjoy zero-fee offers on your first remittance.
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.
