how to sign up for paynow
熊猫速汇PandaRemit - 2025-12-31 21:19:44.0 10
To sign up for PayNow, simply log in to your participating bank's mobile app (such as DBS, OCBC, or UOB), navigate to the "PayNow" or "Transfer Settings" menu, and link your mobile number or NRIC to your bank account. Once registered, you can enjoy seamless payment experiences when funding international transfers via Panda Remit, where funds can arrive in as little as 2 minutes thanks to our 24/7 real-time processing.
Step-by-Step Guide: Activating PayNow in Singapore
PayNow is Singapore's standard for peer-to-peer funds transfer services, allowing you to send and receive money instantly using just a mobile number. Here is the universal 1-2-3 procedure applicable to most major banks (DBS/POSB, UOB, OCBC, Citibank, etc.):
- Log in to Your Banking App: Open your bank's mobile application (e.g., DBS digibank, UOB TMRW, or OCBC Digital) and authenticate your session.
- Locate the PayNow Registration Profile: Navigate to the "Settings" or "Transfer/PayNow" section. Look for an option labeled "Register for PayNow" or "Manage PayNow Profile."
- Link and Verify: Select the bank account you wish to link. Enter your preferred proxy (Mobile Number or NRIC/FIN) and confirm the setup via SMS OTP. You are now ready to receive and send funds instantly.
Why Use PayNow for Remittance? (Comparison)
Once you have signed up for PayNow, it becomes the most efficient way to fund cross-border remittances. Unlike cash deposits or standard bank wires, PayNow allows for instant funding of your remittance wallet.
Below is a comparison of how Panda Remit leverages PayNow compared to other market players like Wise, DBS Remit, and Singtel Dash:
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless & Instant (Direct in-app funding) | Supported | N/A (Internal Transfer) | Supported |
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | 1-3 Working Days | Instant to limited corridors |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Mid-market rate + Variable fee | Bank Rate (Often includes markup) | Standard FX Rate |
| Global Payouts | Extensive (Alipay, WeChat, UPI, Global Banks) | Global Bank Accounts | Bank Accounts Only | Selected E-wallets |
Safety and Regulation: Your Funds are Secure
When you use PayNow to fund a transfer on Panda Remit, you are operating within a highly regulated financial ecosystem. 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. This ensures that from the moment you sign up for PayNow to the moment your money arrives globally, every transaction is transparent, compliant, and secure.
Explore More on Singapore Remittance
Now that you know how to sign up for PayNow, you might have further questions about optimizing your international transfers:
- "What is the PayNow transfer limit for remittances?"
While PayNow limits are set by your bank (often default at SGD 1,000 but adjustable up to SGD 200,000), Panda Remit allows for high-value transfers subject to KYC verification. - "Can I use PayNow to send money to China or India?"
Yes. By linking PayNow to Panda Remit, you can send funds directly to Alipay/WeChat in China or UPI/Bank accounts in India instantly.
Ready to start your first transfer with zero fees? Register with Panda Remit Singapore here to experience the speed of modern 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.
