how to scan paynow qr code dbs
熊猫速汇PandaRemit - 2025-12-31 21:12:37.0 10
To scan a PayNow QR code with DBS, simply open the DBS digibank app and tap the 'Scan & Pay' icon located on the login screen or dashboard. This feature enables instant payments, including funding Panda Remit transfers. As a MAS-regulated institution, Panda Remit allows you to use PayNow for seamless global payouts that arrive in as little as 2 minutes.
Step-by-Step Guide: Using DBS digibank to Scan PayNow QR
Whether you are paying a merchant or funding an international remittance, the process is streamlined for efficiency. Follow these three steps to complete your transaction:
- Access the Scanner: Launch the DBS digibank app. You do not need to log in fully; simply tap the "Scan & Pay" button on the pre-login screen.
- Scan the Code: Point your camera at the PayNow QR code (UEEN) provided by the merchant or your remittance provider (such as Panda Remit). Alternatively, you can upload a QR code image from your gallery.
- Verify and Confirm: Enter the amount (if not pre-filled), verify the recipient's name (e.g., "Panda Remit"), and slide to confirm the transaction.
Why Use PayNow for International Remittance?
Using PayNow via DBS is one of the most efficient ways to fund cross-border transfers. When combined with Panda Remit, you leverage seamless payment integration (USP D) to send money globally. Unlike traditional bank wires that can take days, funding via PayNow allows Panda Remit to process transactions 24/7, with funds arriving in destination accounts in as little as 2 minutes (USP A).
Comparison: Panda Remit vs. Singapore Competitors
When using PayNow to fund international transfers, it is crucial to compare the speed, cost, and exchange rates. Below is a data-driven comparison:
| Feature | Panda Remit | DBS Remit | Wise |
|---|---|---|---|
| PayNow Integration | Seamless (Direct Scan) | Native App Feature | Supported |
| Transfer Speed | As fast as 2 minutes | Same Day to 3 Days | Minutes to 2 Days |
| Exchange Rates | Competitive (Low Spread) | Bank Rate (Higher Markup) | Mid-Market Rate |
| Fees | Zero fees for new users | $0 (Hidden in FX rate) | Variable % Fee |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed (MPI) |
Security and Compliance: Your Money is Safe
Security is the top priority when scanning QR codes for financial transactions. 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 to ensure every PayNow transaction is transparent and highly secure.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the daily PayNow limit for DBS? – Ensure your daily transfer limits are adjusted in the DBS app to accommodate larger remittance amounts.
- How to transfer PayNow to Alipay/WeChat? – Learn how Panda Remit connects your Singapore bank account directly to digital wallets in China.
Ready to experience faster, safer global transfers? Register with Panda Remit Singapore today to enjoy exclusive rates and zero handling fees on your first transfer.
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.
