how to register for paynow hsbc
熊猫速汇PandaRemit - 2025-12-31 21:07:55.0 8
To register for PayNow with HSBC, simply log in to the HSBC Singapore Mobile Banking app, select "PayNow" from the menu, and link your mobile number or NRIC to your bank account. Once registered, you can utilize PayNow for seamless payments to fund international transfers via Panda Remit, where funds can arrive in as little as 2 minutes thanks to our lightning-fast processing.
Step-by-Step Guide: Activating PayNow on HSBC Singapore
Registering for PayNow is essential for modern digital banking in Singapore. It allows you to send and receive money instantly using just a mobile number or NRIC/FIN. Follow these three official steps to link your HSBC account:
- Log in to the HSBC Singapore App: Open your mobile banking app and authenticate using your biometrics or Digital Secure Key.
- Navigate to PayNow Settings: Tap on the profile icon or menu, select "PayNow", and choose "Register" or "Update Profile."
- Link Your Proxy: Select the HSBC savings or current account you wish to link, then choose to register via your Mobile Number or NRIC/FIN. Confirm the details via SMS OTP to finalize the registration.
Why Use PayNow for International Remittance?
Once you have registered for PayNow with HSBC, it becomes the most efficient method to fund cross-border remittances. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit integrates directly with PayNow to offer a secure and regulated transfer experience.
By using PayNow to fund your Panda Remit transaction, you bypass traditional bank processing times, ensuring your money moves globally with bank-grade SSL encryption and multi-layered anti-fraud protocols.
Comparison: Panda Remit vs. Traditional Banks & Competitors
When sending money abroad from Singapore, how does funding via PayNow on Panda Remit compare to using traditional bank remittances or other fintech apps? See the data below:
| Feature | Panda Remit | DBS Remit | Wise (TransferWise) |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | 1-3 Business Days | Varies (Minutes to Days) |
| PayNow Integration | Seamless In-App Payment | N/A (Internal Transfer) | Supported |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Bank Rate (Often includes markup) | Mid-Market Rate |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed (Bank) | MAS Licensed |
Data Note: Panda Remit offers new users zero-fee offers on their first remittance, maximizing the final amount received compared to standard bank rates.
Explore More on Singapore Remittance
Now that you know how to register for PayNow HSBC, you might have further questions regarding your transfer limits or safety protocols. Here are related insights:
- What is the daily PayNow transfer limit for HSBC?
By default, the limit is often set to SGD 1,000, but this can be adjusted up to SGD 200,000 via your online banking settings, allowing for larger remittances via Panda Remit. - Is it safe to link PayNow to third-party remittance apps?
Yes, provided the app is regulated. Panda Remit is strictly regulated by the MAS, ensuring that when you pay via PayNow, your funds are handled with the highest security standards. Start your secure transfer here.
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.
