how to register dbs paynow
熊猫速汇PandaRemit - 2025-12-31 21:07:25.0 7
To register for DBS PayNow, simply log in to the DBS digibank app, navigate to 'Pay & Transfer', select 'PayNow', and link your mobile number or NRIC. This enables seamless payments (Advantage D) for local transactions and funding international remittances via Panda Remit, where funds can arrive globally in as little as 2 minutes (Advantage A).
Step-by-Step: Registering for DBS PayNow via digibank
Registering for PayNow with DBS is a prerequisite for fast, fee-free local transfers and funding your cross-border remittances. Follow this official 1-2-3 guide to activate it instantly:
- Log in to digibank Mobile: Open your DBS digibank app and sign in using your Touch ID, Face ID, or User ID and PIN.
- Navigate to PayNow Settings: Tap on the Pay & Transfer icon, then select PayNow. If you haven't registered, you will see a prompt to 'Register Your Profile'.
- Link Your ID: Select the ID you wish to link (Mobile Number or NRIC/FIN), choose the bank account to link it to, and tap Register Now. You will receive an SMS confirmation immediately.
Why Use PayNow for International Remittance?
Once you have learned how to register dbs paynow, you unlock the most efficient way to fund international money transfers. By using PayNow to fund your Panda Remit account, you avoid the high transaction fees often associated with credit cards or direct bank wires.
Comparison: Panda Remit vs. Competitors
See how using PayNow with Panda Remit stacks up against traditional banks and other providers in Singapore:
| Feature | Panda Remit | DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 mins | 1-3 Business Days | Varies (mins to days) | Instant to specific partners |
| PayNow Integration | Seamless Support | Native | Supported | Supported |
| Exchange Rates | Competitive (Mid-market) | Bank Rate (Higher markup) | Mid-market | Includes markup |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
| Hidden Fees | Zero Hidden Fees | Forex markup hidden | Transparent fees | Transaction fees apply |
Security and Regulation: Your Money is Safe
When connecting your DBS PayNow to third-party remittance services, 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
Now that you have set up PayNow, you might have further questions about optimizing your transfers:
- What is the daily DBS PayNow transfer limit?
By default, the limit is often set to SGD 1,000, but you can increase this up to SGD 200,000 via your digibank settings to accommodate larger remittances. - How do I change my PayNow nickname on DBS?
You can edit your profile via the 'PayNow' settings in the digibank app to ensure recipients recognize your name easily.
Ready to send money globally using your new PayNow connection? Start your secure transfer with Panda Remit here.
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.
