how to paynow ocbc
熊猫速汇PandaRemit - 2025-12-31 21:01:17.0 8
To execute a PayNow transaction via OCBC, log in to the OCBC Digital app, select "PayNow," and enter the recipient's UEN or mobile number. For international needs, you can pay easily via PayNow (Advantage D) to fund platforms like Panda Remit. This integration supports Lightning-Fast Transfers (Advantage A), ensuring funds arrive in as little as 2 minutes with 24/7 real-time processing.
Step-by-Step: How to PayNow Using OCBC for Remittance
Using PayNow within the OCBC ecosystem is the most efficient way to fund your international money transfers. Follow this 3-step guide to send money globally using Panda Remit funded by your OCBC account.
Step 1: Initiate Your Transfer on Panda Remit
Open the Panda Remit app and enter the amount you wish to send. Select PayNow as your payment method. The app will generate a unique Unique Entity Number (UEN) and a specific reference code for your transaction. This ensures your payment is tracked instantly.
Step 2: Access PayNow in the OCBC Digital App
Launch your OCBC Digital app and tap on the PayNow icon. Select "Pay to UEN" and paste the UEN provided by Panda Remit. Crucially, enter the specific reference code in the "Reference No" field. This links your payment to your remittance order.
Step 3: Confirm and Transfer Instantly
Verify the entity name (Panda Remit) and the amount. Swipe to confirm. Thanks to the Lightning-Fast Transfers capability, Panda Remit processes these PayNow funds 24/7, often completing the cross-border settlement in as little as 2 minutes.
Comparison: Panda Remit vs. Traditional Banks & Competitors
When considering how to paynow ocbc for international transfers, it is vital to compare the speed, cost, and regulatory standing of your chosen platform against traditional banks and other fintech apps.
| Feature | Panda Remit | Wise | DBS Remit / Traditional Banks |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | 1-3 Business Days |
| PayNow Integration | Seamless In-App Support | Supported | N/A (Internal Transfer) |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Mid-market rate + Variable Fee | Bank Rate (Often includes markup) |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | MAS Licensed |
Why Security Matters: MAS Regulation
When you use PayNow via OCBC to fund a third-party service, security is paramount. 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 to ensure every transaction is transparent and highly secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the daily PayNow limit for OCBC?
Most users can adjust their daily PayNow limits up to SGD 5,000 or more via the OCBC Digital app settings, allowing for larger remittance transactions. - Can I use PayNow to send money to China or India?
Direct PayNow is for local transfers. However, by using PayNow to fund Panda Remit, you can send money directly to Alipay/WeChat Pay in China or bank accounts in India instantly.
Ready to experience faster global payments? Register with Panda Remit Singapore today to enjoy zero-fee offers on your first remittance.
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.
