How to scan PayNow QR code
熊猫速汇PandaRemit - 2025-12-31 21:12:06.0 10
To scan a PayNow QR code, simply launch your preferred Singapore banking app (such as DBS, OCBC, or UOB), tap the "Scan & Pay" icon, and align your camera with the QR code to authorize the transfer. This method is the most efficient way to fund your international money transfers on Panda Remit, offering seamless payments directly from your local bank account while ensuring every transaction is protected by MAS-regulated security protocols.
Step-by-Step Guide: Using PayNow for Remittance
Whether you are paying a merchant or funding a cross-border remittance, the process is standardized across Singapore's financial ecosystem. Follow these 3 steps to complete your transaction:
- Generate or Locate the QR Code: If you are sending money via Panda Remit, select "PayNow" as your payment method to generate a unique dynamic QR code. If paying a merchant, locate their printed SGQR code.
- Scan via Banking App: Open your local banking app (e.g., DBS PayLah!, OCBC Digital). Select the "Scan" function and point your camera at the PayNow QR code. You can also upload a screenshot of the QR code if you are using a single device.
- Verify and Confirm: Check the recipient's name (e.g., "Panda Remit" or the merchant's UEN) and the amount. Once verified, confirm the transaction. Funds sent to Panda Remit via PayNow are processed instantly, allowing your global transfer to arrive in as little as 2 minutes.
Comparison: Panda Remit vs. Competitors
When using PayNow to fund international transfers, not all services offer the same speed or value. Below is a comparison of how Panda Remit stacks up against other major players in Singapore.
| Feature | Panda Remit | Wise | DBS Remit / Traditional Banks |
|---|---|---|---|
| PayNow Integration | Seamless & Instant (Direct in-app generation) | Supported | Supported (Internal Transfer) |
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | 1-3 Business Days |
| Exchange Rates | Competitive (Better than banks, near mid-market) | Mid-market rate + Variable Fee | Bank Rate (Often includes hidden markups) |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) |
Why Security Matters When You Scan
Scanning a QR code involves authorizing a direct debit from your bank account. Therefore, security is paramount. Panda Remit is strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We employ bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure that when you scan a PayNow QR code to fund a transfer, your money is safe.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, you might also be interested in:
- 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 up to SGD 200,000 for high-value remittances via Panda Remit. - Can I use PayNow to send money to Alipay or WeChat?
Directly, no. However, you can use PayNow to fund your Panda Remit account, which then seamlessly pays out to Alipay and WeChat wallets in China within minutes.
Ready to experience fast, secure, and low-cost global transfers? Register with Panda Remit Singapore today and enjoy zero fees on your first remittance.
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.
