how to install paynow
熊猫速汇PandaRemit - 2025-12-31 20:52:43.0 10
Technically, you do not "install" PayNow as a standalone app. Instead, you activate it within your participating bank's mobile app (e.g., DBS, OCBC, UOB) by linking your mobile number or NRIC. Once activated, PayNow enables seamless payments for funding services like Panda Remit, allowing you to execute global transfers that arrive in as little as 2 minutes.
Understanding PayNow: It is a Feature, Not an App
Many users search for "how to install PayNow," but PayNow is actually a funds transfer service available 24/7 that is integrated directly into the apps of nine participating banks and non-bank financial institutions (NFIs) in Singapore. To use it, you simply need to enable it within your existing banking application.
3 Steps to Activate PayNow (The "Installation" Process)
Follow this 1-2-3 step guide to get PayNow running on your device immediately:
- Log in to Your Banking App: Open your DBS digibank, OCBC Digital, or UOB TMRW app. You do not need to download a separate "PayNow" file.
- Navigate to Transfer Settings: Look for "PayNow" or "Transfer/Pay" in the menu. Select "Register for PayNow" or "Manage PayNow Profile."
- Link Your Proxy: Select the bank account you wish to link and choose your proxy (Mobile Number or NRIC/FIN). Confirm via SMS OTP. You are now ready to send and receive funds instantly.
Why Use PayNow with Panda Remit?
Once you have PayNow set up, it becomes the most efficient way to fund your cross-border remittances. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit integrates seamlessly with PayNow to offer bank-grade security with superior speed.
Comparison: Panda Remit vs. Competitors
See why using PayNow with Panda Remit is the preferred choice for global transfers compared to traditional banks and other providers.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| PayNow Integration | Seamless In-App Payment | Native Integration | Supported |
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Often includes markup | Mid-market rate + Variable Fee |
| Regulatory Status | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed |
Ensuring Security and Compliance
When you use PayNow to fund a transfer on Panda Remit, your transaction is protected by bank-grade SSL encryption and multi-layered anti-fraud protocols. We are strictly regulated by the MAS, ensuring that your funds are handled with the highest level of compliance and transparency.
Explore More on Singapore Remittance
Now that you know how to utilize PayNow, you might be interested in optimizing your global transfers further:
- What is the PayNow transfer limit in Singapore? – Most banks set a default daily limit (e.g., SGD 1,000 or SGD 5,000), but this can be adjusted up to SGD 200,000 depending on your bank settings.
- Can I use PayNow to send money to China? – While PayNow is local, you can use it to fund Panda Remit, which then instantly transfers funds to Alipay or WeChat Pay in China.
Ready to experience the fastest way to send money globally? Register with Panda Remit Singapore today and enjoy zero fees on your first transfer.
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.
