how to sign up paynow
熊猫速汇PandaRemit - 2025-12-31 21:20:15.0 10
To sign up for PayNow, simply log in to your participating bank's mobile app (such as DBS/POSB, OCBC, or UOB), navigate to the settings menu, and link your mobile number or NRIC to your bank account. Once registered, you can enjoy seamless payments to fund international remittances on Panda Remit, ensuring your transactions are regulated & secure under the Monetary Authority of Singapore (MAS).
Step-by-Step: Registering for PayNow in Singapore
PayNow is a peer-to-peer funds transfer service available to customers of nine participating banks in Singapore. Follow this 1-2-3 Step Guide to activate your profile:
- Log in to Your Bank App: Open your mobile banking application (e.g., DBS digibank, OCBC Digital, or UOB TMRW) and authenticate your login.
- Navigate to PayNow Settings: Look for "PayNow" or "Transfer Settings" in the menu. Select "Register / Manage PayNow Profile."
- Link Your Proxy: Choose to link your mobile number or NRIC/FIN to your bank account. Verify the details via SMS OTP to complete the setup.
Once activated, you can use PayNow to instantly fund your Panda Remit account for global transfers.
Why Use PayNow with Panda Remit?
Integrating PayNow with a specialized remittance service like Panda Remit optimizes your cross-border transactions. As a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) (License No. PS20200501), Panda Remit combines local convenience with global reach.
Comparison: Panda Remit vs. Traditional Banks & Competitors
When sending money abroad using your PayNow funds, performance varies significantly between providers. See the data below:
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise) |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | 1-3 Business Days | Varies (Minutes to Days) |
| PayNow Integration | Seamless In-App Payment | Native Integration | Supported |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Often includes FX markup | Mid-market rate + Variable fee |
| Security | MAS Regulated & Bank-grade SSL | Bank Standard | Regulated |
By using PayNow to fund Panda Remit, you leverage bank-grade SSL encryption and multi-layered anti-fraud protocols, ensuring your money is safe while benefiting from rates significantly better than traditional banks.
Explore More on Singapore Remittance
If you are looking to maximize the value of your PayNow transfers, consider these common queries:
- What is the PayNow daily transfer limit?
Most banks default to SGD 1,000, but this can be adjusted up to SGD 200,000 depending on your bank settings, allowing for larger remittances via Panda Remit. - Can I use PayNow to send money to Alipay or WeChat?
Directly, no. However, you can use PayNow to fund Panda Remit, which supports direct payouts to Alipay and WeChat Pay in China.
Ready to start? Register with Panda Remit today to experience fast, secure, and low-cost global transfers.
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.
