how to scan qr code for paynow
熊猫速汇PandaRemit - 2025-12-31 21:13:31.0 10
To scan a PayNow QR code, simply launch your Singapore banking app (such as DBS, OCBC, or UOB), select the "Scan & Pay" function, and align your camera with the code. This method is essential for funding international transfers via Panda Remit, allowing you to enjoy seamless payments and lightning-fast transfers where funds can arrive in as little as 2 minutes.
Step-by-Step Guide: Using PayNow QR for Payments
Whether you are paying a merchant or funding a remittance wallet like Panda Remit, the process is standardized across Singapore's major financial apps. Follow these three steps to complete your transaction securely:
1. Launch Your Banking App
Open your preferred mobile banking application (e.g., DBS digibank, OCBC Digital, UOB TMRW). Look for the "Scan & Pay" or "QR Pay" icon, usually located prominently on the login screen or the home dashboard.
2. Scan the Unique QR Code
Point your phone's camera at the PayNow QR code. If you are funding a Panda Remit transaction, ensure you are scanning the dynamic QR code generated within the Panda Remit app. This ensures the system automatically recognizes your deposit.
3. Verify and Confirm
Check the recipient's name (for Panda Remit, it will display the official corporate account name) and the amount. Once verified, authenticate the transaction using your biometrics or PIN. Thanks to the MAS-regulated infrastructure, PayNow transactions are processed instantly.
Why Use PayNow for Cross-Border Remittance?
Using PayNow is the most efficient way to fund your international money transfers. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit integrates directly with PayNow to offer bank-grade security.
By scanning the QR code to fund your transfer, you bypass the slow processing times of traditional bank wires. Combined with Panda Remit's 24/7 real-time processing, your money can reach destinations like China (Alipay/WeChat), India, or Malaysia in as little as 2 minutes.
Comparison: Panda Remit vs. Market Competitors
When using PayNow to fund international transfers, not all services offer the same value. Below is a comparison of Panda Remit against other major players in Singapore.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless QR Scan | Supported | N/A (Direct Debit) | Supported |
| Transfer Speed | As fast as 2 mins | Varies (mins to days) | Same day to 2 days | Instant to 3 days |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate | Bank rate (often lower) | Includes FX markup |
| Regulation | MAS Licensed (PS20200501) | MAS Licensed | Bank Licensed | MAS Licensed |
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider exploring these related topics:
- What is the daily PayNow transfer limit for remittances? – Understand your bank's default limits to ensure smooth large-value transfers.
- How to transfer PayNow to Alipay instantly? – Learn how Panda Remit bridges local SG payments to Chinese digital wallets.
Ready to experience fast, secure, and low-cost global transfers? Register with Panda Remit Singapore today and enjoy exclusive rates for new users.
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.
