how to enable paynow
熊猫速汇PandaRemit - 2025-12-31 20:48:49.0 8
To enable PayNow, log in to your Singapore bank's mobile app (such as DBS digibank, OCBC, or UOB TMRW), navigate to the settings menu, and link your mobile number or NRIC to your bank account. Once activated, you can utilize seamless payments to fund international remittances via Panda Remit, ensuring your funds arrive globally in as little as 2 minutes.
Step-by-Step Guide: Activating and Using PayNow
PayNow is the standard for real-time funds transfer in Singapore. Follow these three steps to enable it and use it for efficient cross-border payments.
1. Activate PayNow via Your Bank App
Most major banks in Singapore follow a similar process. For example, if you are using DBS/POSB:
- Log in to the digibank mobile app.
- Tap on Pay & Transfer > PayNow.
- Follow the prompts to register your Mobile Number or NRIC/FIN as your PayNow proxy.
- Note: This process is instant and free of charge.
2. Initiate a Transfer on Panda Remit
Once PayNow is enabled on your bank account, open the Panda Remit app or website. Enter the amount you wish to send (e.g., SGD to CNY, INR, or MYR). Select PayNow as your payment method. This ensures you benefit from our seamless payment infrastructure.
3. Complete the Payment Securely
Panda Remit will generate a unique UEN or QR code. Go back to your bank app, select 'Scan & Pay' or 'PayNow to UEN', and complete the transaction. Because Panda Remit supports 24/7 real-time processing, your beneficiary can receive the funds in as little as 2 minutes.
Comparison: Panda Remit vs. Traditional Methods
When using PayNow for international transfers, choosing the right remittance partner is crucial for speed and cost-efficiency. Here is how Panda Remit compares to other market players.
| Feature | Panda Remit | Traditional Banks (DBS Remit) | Other Apps (Wise/Singtel Dash) |
|---|---|---|---|
| PayNow Integration | Seamless & Instant | Native Integration | Supported |
| Transfer Speed | As fast as 2 minutes | 1-3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive (Zero hidden fees) | Bank Rate (Often includes markup) | Mid-market rate + Variable fees |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed |
Safety and Regulation: Is it Secure?
Security is paramount when enabling digital payments. Panda Remit is a Major Payment Institution 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. This ensures that when you enable PayNow to fund your transfers, every transaction is transparent, compliant, and highly secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances further, consider these common queries:
- What is the PayNow transfer limit in Singapore?
Default limits are often set at SGD 1,000 or SGD 5,000, but you can adjust this up to SGD 200,000 depending on your bank settings to accommodate larger remittances. - Can I use PayNow to send money to Alipay?
Directly, no. However, you can use PayNow to fund your Panda Remit account, which then directly transfers funds to Alipay wallets in China within minutes.
Ready to experience fast and secure global transfers? Register with Panda Remit Singapore today to enjoy exclusive rates for new users.
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.
