how to register paynow hsbc
熊猫速汇PandaRemit - 2025-12-31 21:10:36.0 9
To register PayNow with HSBC, simply log in to the HSBC Singapore Mobile Banking app, navigate to 'PayNow Settings' under your profile, and link your mobile number or NRIC/FIN to your account. Once registered, you can utilize Seamless Payment options to fund international transfers via Panda Remit, ensuring your funds arrive globally in as little as 2 minutes.
Step-by-Step Guide: Registering PayNow on HSBC Singapore
Registering for PayNow is a prerequisite for enjoying instant local transfers and funding cross-border remittances efficiently. Follow these 3 simple steps to activate the service via the HSBC Singapore Mobile App:
- Log in and Navigate: Open your HSBC Singapore app and log in securely. Tap on the profile icon (or the 'More' menu) and select 'PayNow Settings'.
- Select Proxy to Register: Choose to link your bank account to your Mobile Number or NRIC/FIN. Using your mobile number is recommended for easier peer-to-peer and merchant payments.
- Verify and Confirm: Review your details. You will receive a One-Time Password (OTP) via SMS. Enter the OTP to complete the registration. You will receive an immediate confirmation that your PayNow is active.
Why Use PayNow for Global Remittances?
Once you have registered PayNow with HSBC, you unlock the fastest way to fund international money transfers. By pairing PayNow with Panda Remit, you bypass traditional bank processing times.
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 to ensure that when you pay via PayNow, your transaction is not only fast but fully compliant and secure.
Comparison: Panda Remit vs. Banks & Competitors
See how using PayNow with Panda Remit compares to traditional banks and other remittance services in Singapore:
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| Transfer Speed | As little as 2 mins (24/7 Real-time) | Varies (Minutes to Days) | Same Day to 3 Days |
| Exchange Rates | Competitive Market Rates | Mid-market Rate | Bank Rate (Usually includes markup) |
| Fees | Zero Hidden Fees (New user offers available) | Variable percentage fee | $0 Transfer Fee (But higher FX spread) |
| Payment Method | PayNow, Bank Transfer, ATM | PayNow, Bank Transfer, Card | Direct Debit |
Explore More on Singapore Remittance
If you are looking to maximize your HSBC PayNow capabilities, you might also be interested in:
- How to increase PayNow daily transfer limits for large remittances?
- Can I use PayNow to send money directly to Alipay or WeChat Pay?
Ready to experience the fastest way to send money abroad using your new PayNow connection? Start your secure transfer with Panda Remit today.
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.
