how to set up paynow in dbs
熊猫速汇PandaRemit - 2025-12-31 21:17:23.0 10
To set up PayNow in DBS, simply log in to your digibank mobile app, tap on 'Pay & Transfer', select 'PayNow', and link your mobile number or NRIC/FIN to your bank account. Once registered, you can utilize this seamless payment method to fund international transfers on Panda Remit, ensuring your funds arrive in as little as 2 minutes via our lightning-fast network.
Step-by-Step Guide: Activating PayNow on DBS digibank
Setting up your PayNow profile is a prerequisite for enjoying instant peer-to-peer transfers and funding cross-border remittances efficiently. Follow this official 1-2-3 guide:
- Log in and Navigate: Open your DBS digibank mobile app. Tap on the Pay & Transfer icon on the main dashboard, then select PayNow.
- Register Your Profile: Tap on 'Your Profile' or 'Register'. You will be prompted to link your Mobile Number, NRIC/FIN, or both to your preferred DBS/POSB bank account.
- Verify and Confirm: Review your details. Enter the SMS OTP sent to your registered mobile number to finalize the setup. You will receive a confirmation message immediately.
Why Use PayNow for Remittance?
Once your DBS PayNow is active, it becomes the most efficient way to fund international money transfers. By choosing PayNow as your payment method on Panda Remit, you avoid the processing delays associated with traditional bank wires.
Comparison: Panda Remit vs. DBS Remit vs. Competitors
See how using PayNow with Panda Remit stacks up against other market players in terms of speed, cost, and transparency.
| Feature | Panda Remit | DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | Same day to 3 days | Varies (Minutes to Days) | Instant to 3 days |
| Exchange Rates | Competitive (Better than traditional banks) | Bank Rate (Includes markup) | Mid-market Rate | Competitive |
| Fees | Zero hidden fees (Free for new users) | $0 transfer fee (Cost hidden in FX spread) | Variable percentage fee | Transaction fees apply |
| PayNow Integration | Seamless In-App Payment | Native | Supported | Supported |
Security and Regulation: Your Funds are Safe
When you connect your DBS PayNow to fund a transfer, security is paramount. 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 transaction is transparent and highly secure.
Explore More on Singapore Remittance
If you are looking to maximize your cross-border financial efficiency, consider these related topics:
- What is the daily PayNow transfer limit for DBS? – Understanding your limits helps in planning larger remittances.
- How to transfer money from PayNow to Alipay/WeChat? – Learn how Panda Remit bridges local SG payments to Chinese digital wallets instantly.
Ready to experience the fastest way to send money globally? Register with Panda Remit today and enjoy exclusive rates for 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.
