how to delete paynow account
熊猫速汇PandaRemit - 2025-12-31 20:43:39.0 11
To "delete" a PayNow account, you must actually deregister your mobile number or NRIC through your participating bank's mobile app (such as DBS, OCBC, or UOB). PayNow is a linkage service, not a standalone wallet, so deregistration disconnects your ID from the bank account. Ensuring your financial links are managed correctly is vital for maintaining a Regulated & Secure profile under MAS standards. Once updated, you can continue to use your bank account for Seamless Payment methods to fund international transfers via platforms like Panda Remit.
Understanding PayNow Deregistration
Many users confuse PayNow with a standalone application. However, PayNow is a peer-to-peer funds transfer service available through participating banks and Non-Bank Financial Institutions (NFIs) in Singapore. Therefore, you cannot delete the "PayNow App" because it does not exist as a standalone entity holding funds. You must unlink your proxy (Mobile Number/NRIC/UEN) from the specific banking app it is registered with.
1-2-3 Step Guide: How to Deregister PayNow
Whether you are switching banks or simply wish to remove your details for privacy, follow these universal steps applicable to major Singaporean banks like DBS/POSB, OCBC, and UOB:
- Log in to Your Banking App: Open your primary bank application (e.g., DBS digibank, OCBC Digital) and authenticate your session.
- Navigate to PayNow Settings: Go to the 'Transfer' or 'Settings' menu and locate the 'PayNow' or 'Manage PayNow' section.
- Select Deregister/Unlink: Choose the specific proxy (Mobile Number or NRIC) you wish to remove and tap 'Deregister' or 'Delete Profile'. Confirm the action via your digital token or SMS OTP.
Secure & Fast Remittance: Comparing Panda Remit vs. Competitors
Once you have managed your PayNow settings, you may be looking for the most efficient way to send money overseas using your bank account. Panda Remit, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), offers superior speed and security compared to traditional methods.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | Same Day (Cut-off times apply) | Instant to specific partners |
| Regulation | MAS Licensed (Bank-grade SSL) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Mid-market rate + Variable fee | Bank Rate (Often includes markup) | Competitive (Varies by corridor) |
| PayNow Integration | Seamless Direct Payment | Supported | Internal Transfer | Top-up required |
Panda Remit utilizes multi-layered anti-fraud protocols and bank-grade SSL encryption, ensuring that even after you adjust your PayNow settings, your subsequent global transfers remain secure. With exchange rates significantly better than traditional banks and a promotional offer of zero fees for your first remittance, Panda Remit maximizes the value of every dollar sent.
Explore More on Singapore Remittance
If you are managing your PayNow settings to optimize your financial flows, you might also be interested in these related topics:
- How to change PayNow transfer limit? – Learn how to adjust your daily limits via your banking app to facilitate larger remittances securely.
- Is PayNow safe for overseas transfers? – Discover how linking PayNow to MAS-regulated remittance apps ensures safety.
Ready to experience a faster, safer way to send money globally? Register with Panda Remit Singapore today and enjoy lightning-fast transfers that arrive in as little as 2 minutes.
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.
