how to download paynow
熊猫速汇PandaRemit - 2025-12-31 20:47:40.0 7
Quick Answer: You cannot download PayNow as a standalone application. Instead, it is a feature integrated directly into participating banking apps (like DBS, OCBC, or UOB). Once activated, PayNow allows for seamless payments to fund international remittances via Panda Remit, where funds can arrive in as little as 2 minutes.
Understanding PayNow: It is a Feature, Not an App
Many users search for "how to download PayNow," but PayNow is actually a peer-to-peer funds transfer service available within the mobile apps of nine participating banks and non-bank financial institutions (NFIs) in Singapore. To use it, you simply need the mobile app of your existing bank.
3 Steps to Activate and Use PayNow
Follow this 1-2-3 guide to set up PayNow and start making local or cross-border payments immediately.
Step 1: Download Your Bank's Mobile App
Visit the App Store or Google Play Store and download the official app for your bank (e.g., DBS digibank, OCBC Digital, UOB TMRW). Ensure you are downloading the official version to maintain security.
Step 2: Register Your Mobile Number or NRIC
Log in to your banking app and navigate to the "PayNow" settings. Link your mobile number or NRIC/FIN to your bank account. This acts as your unique PayNow proxy, allowing you to receive and send money without needing account numbers.
Step 3: Use PayNow for Global Remittance
Once active, you can use PayNow to fund international transfers. When sending money via Panda Remit, simply select PayNow as your payment method. This integration supports 24/7 real-time processing, ensuring your money moves instantly.
Comparison: Panda Remit vs. Singapore Competitors
When using PayNow to fund international transfers, the platform you choose matters. Below is a comparison of Panda Remit against traditional banks and other remittance apps.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes | 1–3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive (Zero hidden fees) | Often includes FX markup | Mid-market rate + Variable fee |
| PayNow Integration | Seamless In-App Payment | Native Integration | Supported |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed (MPI) |
Security and Regulation: Why Trust Panda Remit?
While PayNow provides a secure infrastructure for local transfers, Panda Remit ensures your money is safe when it leaves Singapore. 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. Whether you are sending to Alipay in China or a bank account in India, every transaction is transparent and compliant. You can verify our global regulatory status here.
Explore More on Singapore Remittance
- How to increase PayNow transfer limits for large remittances?
Most banks default to a daily limit (e.g., SGD 1,000 or SGD 5,000). To send larger amounts via Panda Remit, log into your banking app settings to raise your daily PayNow limit up to SGD 200,000 depending on the bank. - Can I use PayNow to send money to China or India?
Directly, no. However, you can use PayNow to fund your Panda Remit wallet, which then instantly converts and transfers the funds to Alipay, WeChat Pay, or local bank accounts abroad. Start your global transfer 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.
