how to register for paynow posb
熊猫速汇PandaRemit - 2025-12-31 21:08:34.0 6
To register for PayNow with POSB, log in to your digibank mobile app, tap on "PayNow," and link your mobile number or NRIC to your bank account. Once registered, you can utilize PayNow for seamless payments to fund international transfers on Panda Remit, enjoying lightning-fast transfers that can arrive in as little as 2 minutes.
Step-by-Step Guide: Registering for PayNow on POSB Digibank
Setting up 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. Follow these three steps to activate your profile via the POSB/DBS digibank app:
- Log in and Navigate: Open your POSB digibank app and log in. Tap on the PayNow icon on the home screen or navigate to the menu and select "PayNow Profile."
- Select ID to Link: Choose to register your Mobile Number or NRIC/FIN as your PayNow proxy. You can link both if you wish to receive funds via different identifiers.
- Verify and Confirm: Select the POSB account you wish to link for receiving funds. Enter the SMS One-Time Password (OTP) to verify your identity and tap "Submit" to complete the registration.
Once registered, you can immediately use PayNow to fund cross-border transactions. For example, when sending money home via Panda Remit, selecting PayNow as your payment method ensures your funds are processed instantly, 24/7.
Why Use PayNow with Panda Remit?
Integrating your POSB PayNow account with a specialized remittance service maximizes value. While POSB offers basic transfer services, Panda Remit leverages the PayNow infrastructure to offer superior speed and security.
Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) (License No. PS20200501). We implement bank-grade SSL encryption to ensure that when you pay via PayNow, your transaction is transparent and highly secure.
Comparison: Panda Remit vs. Traditional Banks & Competitors
See how using PayNow with Panda Remit compares to other market options in Singapore:
| Feature | Panda Remit | DBS/POSB Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (Real-time) | 1-3 Working Days | Varies (Minutes to Days) | Instant to specific partners |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Bank Rate (Often includes markup) | Mid-market rate | Competitive |
| PayNow Integration | Seamless In-App Payment | Native | Supported | Supported |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
Maximizing Your Remittance Value
By registering for PayNow on POSB, you unlock the ability to use Panda Remit's Competitive Exchange Rates. Unlike traditional banks that may add hidden markups, Panda Remit offers rates significantly better than the market average. New users can also benefit from zero-fee offers on their first remittance.
Explore More on Singapore Remittance
If you are looking to optimize your financial transfers further, consider these common queries:
- What is the daily PayNow transfer limit for POSB?
Standard limits are usually set to SGD 1,000 by default but can be adjusted up to SGD 200,000 via digibank for high-value remittances. - How to change PayNow nickname on POSB?
You can edit your PayNow nickname in the "PayNow Profile" settings of your digibank app to make it easier for payees to identify you.
Ready to send money globally with speed and security? Start your journey with Panda Remit 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.
