how to scan paynow qr code ocbc
熊猫速汇PandaRemit - 2025-12-31 21:13:02.0 10
To scan a PayNow QR code using OCBC, simply open the OCBC Digital app and tap the "Scan & Pay" icon located on the login screen or dashboard. Align your camera with the QR code to initiate the transaction. This method ensures seamless payments for local merchants or funding your Panda Remit account, allowing for lightning-fast transfers that can arrive globally in as little as 2 minutes.
Step-by-Step Guide: Using OCBC Digital to Scan PayNow QR
Whether you are paying for coffee or funding a cross-border remittance, PayNow is the standard for instant transfers in Singapore. Follow these three steps to complete your transaction via OCBC:
- Access Scan & Pay: Launch the OCBC Digital app. You do not always need to log in fully; look for the "Scan & Pay" button on the bottom bar or the pre-login screen.
- Scan the Code: Point your phone camera at the PayNow QR code. If you are funding a remittance wallet like Panda Remit, ensure you scan the unique dynamic QR code generated for your transaction.
- Confirm and Pay: Verify the recipient's name (e.g., Panda Remit or the merchant's UEN) and the amount. Slide or tap to confirm. Funds are deducted instantly.
Why Use PayNow with Panda Remit?
While PayNow is excellent for local payments, pairing it with Panda Remit unlocks powerful global capabilities. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit allows you to use PayNow to fund international transfers securely.
Comparison: Panda Remit vs. Competitors
When sending money overseas after scanning your PayNow QR code, how does Panda Remit compare to traditional banks and other fintechs?
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As fast as 2 mins (24/7 Real-time) | Varies (Minutes to Days) | Same Day to 3 Days | Instant to 3 Days |
| Exchange Rates | Competitive (Close to mid-market) | Mid-market rate | Bank Rate (Higher markup) | Competitive |
| Fees | Zero hidden fees (New user offers) | Variable percentage fee | $0 (But higher FX spread) | Transaction fees apply |
| PayNow Integration | Seamless In-App Scan | Supported | N/A (Direct Debit) | Supported |
Data-Driven Security and Speed
Security is paramount when scanning QR codes for financial transactions. Panda Remit employs bank-grade SSL encryption and multi-layered anti-fraud protocols. By using PayNow to fund your transfer, you benefit from Singapore's national real-time payment infrastructure, ensuring your money leaves your OCBC account and reaches international destinations (like Alipay in China or UPI in India) with rates significantly better than traditional banks.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border finances, consider these related topics:
- What is the PayNow transfer limit for OCBC?
Default limits are often set to SGD 1,000 or SGD 5,000, but you can adjust this up to SGD 200,000 via the OCBC app to accommodate larger remittance needs. - How to reverse a PayNow transfer OCBC?
PayNow transfers are instant and irreversible by the user. Always verify the UEN or mobile number before confirming. If you send to the wrong party, you must contact the bank immediately.
Ready to experience faster, cheaper global transfers? Register with Panda Remit Singapore today and enjoy exclusive new user benefits.
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.
