how to deactivate paynow ocbc
熊猫速汇PandaRemit - 2025-12-31 20:43:07.0 11
To deactivate PayNow on OCBC, log in to the OCBC Digital app, navigate to 'Settings,' select 'Manage PayNow,' and choose the option to deregister your mobile number or NRIC. While managing your payment links, ensure your financial ecosystem remains safe by choosing MAS-regulated services like Panda Remit (License PS20200501), which supports seamless PayNow transfers for secure global remittances.
Step-by-Step Guide: De-registering PayNow from OCBC
Whether you are switching your PayNow proxy to another bank or securing your account, follow these official steps to unlink your PayNow from OCBC immediately.
Method 1: Via OCBC Digital App (Mobile)
- Log in to your OCBC Digital app using your access code and PIN or biometrics.
- Tap on the Menu bar (top left corner) and select Settings.
- Select Manage PayNow.
- Tap on the mobile number or NRIC/FIN you wish to unlink.
- Select Deregister and confirm the transaction.
Method 2: Via OCBC Internet Banking (Desktop)
- Log in to OCBC Online Banking.
- Navigate to Customer Service in the top menu.
- Select Manage PayNow from the dropdown list.
- Click Deregister next to the proxy (Mobile/NRIC) you wish to remove.
- Verify the details and submit to complete the deactivation.
Why Security and Regulation Matter in Singapore Finance
Deactivating or managing PayNow often stems from a need for tighter security or account consolidation. When handling money in Singapore, regulatory compliance is non-negotiable. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS). We implement bank-grade SSL encryption and multi-layered anti-fraud protocols, ensuring that whether you are sending money or managing PayNow linkages, your data remains protected.
Comparison: Panda Remit vs. Traditional Banks & Competitors
Once you have managed your PayNow settings, you may be looking for the most efficient way to utilize your funds for global transfers. See how Panda Remit compares to other market players in Singapore.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| Transfer Speed | As fast as 2 minutes | Varies (Minutes to Days) | 1-3 Working Days | Instant to specific partners |
| Exchange Rates | Competitive (Close to Mid-Market) | Mid-Market Rate | Bank Rate (Higher Markup) | Wallet Rate |
| PayNow Support | Seamless In-App PayNow Payment | Supported | Direct Debit | Wallet Balance |
| Hidden Fees | Zero Hidden Fees | Transparent Fees | Cable/Agent Fees may apply | FX Markup |
Explore More on Singapore Remittance
Managing your PayNow settings is just the first step in optimizing your financial toolkit. Here are other common queries from Singapore users:
- How to change PayNow transfer limit on OCBC?
If you are reactivating PayNow later, remember that you can adjust your daily transfer limits via the 'Transfer Limits' section in the OCBC app to suit your remittance needs. - Can I use PayNow to transfer money to China or India?
Direct PayNow is for local transfers. However, you can use PayNow to fund your Panda Remit account and send money globally. Start your secure global remittance journey here.
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.
