how to paynow to uen
熊猫速汇PandaRemit - 2025-12-31 21:02:46.0 6
To PayNow to a UEN, simply log in to your preferred Singapore banking app (such as DBS, OCBC, or UOB), select the "PayNow" function, and enter the recipient's Unique Entity Number (UEN). This method is widely used for funding cross-border remittances. With Panda Remit, you can use PayNow to fund your transfer seamlessly (Advantage D), ensuring your money is processed 24/7 and arrives globally in as little as 2 minutes (Advantage A).
Step-by-Step Guide: How to PayNow to a Corporate UEN
Whether you are paying a local merchant or funding your international remittance wallet, the process follows these standard steps:
- Log in to your Banking App: Open your DBS digibank, OCBC Digital, or UOB TMRW app.
- Select PayNow: Navigate to the transfer menu and choose "PayNow."
- Enter the UEN: Select "Unique Entity Number (UEN)" as the identifier type. Input the specific UEN provided by the business (e.g., for Panda Remit funding).
- Verify and Confirm: Check the entity name matches the intended recipient. Enter the amount and confirm the transaction.
Comparing Remittance Methods: Panda Remit vs. Competitors
When using PayNow to fund international transfers, choosing the right provider is critical for saving costs. Below is a comparison of Panda Remit against traditional banks and other fintech apps.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| PayNow Integration | Seamless (Instant Funding) | Native | 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 |
| Availability | 24/7 Real-time processing | Banking hours dependent | 24/7 |
Why Security Matters: MAS Regulation
When transferring funds via PayNow to a UEN, 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. You can verify our global regulatory status here.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the PayNow transfer limit in Singapore? – Most banks default to a daily limit (e.g., SGD 5,000), but this can be adjusted in your settings to accommodate larger remittances.
- Can I use PayNow for overseas transfers? – PayNow itself is a local rail, but by using PayNow to fund a Panda Remit account, you can send money to Alipay, WeChat Pay, and global bank accounts instantly.
Ready to experience faster, safer global transfers? Register with Panda Remit Singapore today to enjoy exclusive new user offers.
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.
