how to register to paynow
熊猫速汇PandaRemit - 2025-12-31 21:11:04.0 10
To register for PayNow in Singapore, simply log in to your participating bank's mobile app (such as DBS/POSB, OCBC, or UOB), navigate to the "PayNow" or "Transfer" settings, and link your mobile number or NRIC to your bank account. Once registered, you can use PayNow to fund Panda Remit transactions instantly, benefiting from seamless global payouts and lightning-fast transfers that arrive in as little as 2 minutes.
Step-by-Step Guide: How to Register to PayNow
PayNow is Singapore's peer-to-peer funds transfer service that allows you to send and receive money instantly using just a mobile number or NRIC/FIN. Here is the universal 3-step process applicable to most major Singaporean banks:
- Log in to Your Bank App: Open your DBS digibank, OCBC Digital, or UOB TMRW app. Authenticate your session securely.
- Locate the PayNow Profile Settings: Find the "PayNow" icon or navigate to "Settings" > "Manage PayNow".
- Link Your Proxy: Select the option to register your Mobile Number or NRIC/FIN. Verify the details via SMS OTP to complete the registration.
Once activated, you can use PayNow to pay merchants or fund international remittances on platforms like Panda Remit without entering lengthy bank account numbers.
Comparison: Panda Remit vs. Competitors via PayNow
Using PayNow to fund your cross-border remittances is the gold standard for speed. Below is a comparison of how Panda Remit leverages PayNow against other market players.
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| PayNow Integration | Seamless & Instant | Supported | N/A (Direct Debit) |
| Transfer Speed | As little as 2 minutes (24/7 processing) | Varies (Minutes to Days) | 1-3 Working Days (varies by corridor) |
| Exchange Rates | Competitive Market Rates (Better than banks) | Mid-market rate + Fee | Bank Rate (Often includes markup) |
| Hidden Fees | Zero Hidden Fees | Transparent but variable fees | Usually $0 transfer fee, but FX markup applies |
Security and Regulation: Is it Safe?
When you register for PayNow and use it to fund transfers on Panda Remit, you are operating within a highly regulated financial ecosystem. 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. This ensures that when you transfer funds via PayNow, every transaction is transparent, traceable, and highly secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these common queries:
- What is the PayNow transfer limit in Singapore?
Most banks set a default daily limit (e.g., SGD 1,000 - SGD 5,000), but this can be adjusted in your banking app settings to accommodate larger remittances. - Which remittance app offers the best rates via PayNow?
Panda Remit offers superior exchange rates compared to traditional banks. To start sending money globally with zero hidden fees, you can register for a Panda Remit account 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.
