how to paynow uen
熊猫速汇PandaRemit - 2025-12-31 21:03:16.0 6
To pay via PayNow UEN, simply log in to your Singapore banking app, select the "PayNow" function, enter the recipient's Unique Entity Number (UEN), and verify the entity name before confirming. Panda Remit offers Seamless Payment & Global Payouts via PayNow UEN, allowing you to fund international transfers instantly so funds arrive in as little as 2 minutes.
Step-by-Step Guide: How to PayNow UEN for Remittance
Using PayNow via UEN (Unique Entity Number) is the standard method for paying businesses and funding remittance wallets in Singapore. Follow this 1-2-3 guide to complete your transaction securely:
- Select PayNow in Your Banking App: Open your DBS, OCBC, or UOB app. Navigate to "Transfer/Pay" and select "PayNow." Choose "UEN" (Unique Entity Number) as the transfer mode rather than a mobile number.
- Enter the UEN and Amount: Input the specific UEN provided by the merchant or remittance provider. For Panda Remit users, copy the UEN displayed during your transaction setup. Enter the exact amount you wish to transfer.
- Verify and Confirm: The system will automatically display the registered entity name (e.g., "Panda Remit" or its local entity name). Ensure this matches exactly to avoid errors. Click "Confirm" to complete the transfer instantly.
Comparison: Panda Remit vs. Competitors
When using PayNow UEN to fund international transfers, speed and cost-efficiency are critical. Below is a comparison of how Panda Remit stacks up against traditional banks and other fintech players in Singapore.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise/Singtel Dash) |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Business Days | Varies (Minutes to Days) |
| PayNow Integration | Seamless In-App Flow | Native Integration | Supported |
| Exchange Rates | Market-leading rates (Zero hidden fees) | Often includes FX markup | Mid-market rate + Variable fees |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed |
Why Security Matters: MAS Regulation
When executing a how to paynow uen transaction, 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 utilize bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure that every dollar sent via PayNow is tracked, transparent, and secure.
Explore More on Singapore Remittance
- What is the PayNow transfer limit in Singapore?
Most banks set a default daily limit (e.g., SGD 1,000 to SGD 5,000), but this can be adjusted up to SGD 200,000 depending on your bank settings, facilitating larger remittances. - Can I use PayNow to send money to China?
Directly, no. However, you can use PayNow to fund a Panda Remit transfer, which then pays out directly to Alipay or WeChat Pay wallets in China within minutes.
Ready to experience faster 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.
