how to update paynow number
熊猫速汇PandaRemit - 2025-12-31 21:26:38.0 10
To update your PayNow number, you must log in to your respective bank's mobile app or internet banking portal (such as DBS, OCBC, or UOB), navigate to the "PayNow" or "Transfer Settings" menu, deregister your old mobile number, and link your new one. Keeping this information current ensures seamless payments (Advantage D) when funding international transfers and maintains high-level security under MAS-regulated standards (Advantage B).
Step-by-Step Guide: Updating Your PayNow Profile
Since PayNow is a central service linked to your bank account, you cannot update the number through third-party apps directly; it must be done at the source (your bank). Follow these 1-2-3 steps based on Singapore's major banks:
For DBS/POSB Users
- Log in to digibank mobile and tap on "More" > "Transfer Settings".
- Select "Manage PayNow Registration".
- Delete the old profile and register your new mobile number to your preferred account.
For OCBC Users
- Log in to the OCBC Digital app.
- Tap on the menu bar > "PayNow" > "Manage PayNow".
- Unlink your old number and follow the prompts to link your new mobile number.
For UOB Users
- Access UOB TMRW and go to "Services".
- Select "Manage PayNow" > "Profile Maintenance".
- Update your linked mobile number and save the changes.
Why Use PayNow with Panda Remit?
Once your PayNow number is updated, using it as a funding method for international remittance offers superior speed and cost-efficiency compared to traditional bank wires. Panda Remit integrates seamlessly with PayNow to facilitate global payouts.
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | Same day to 3 days |
| Exchange Rates | Competitive rates (Zero hidden fees) | Mid-market rate + Fee | Bank rate (Often includes markup) |
| Regulatory Status | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) |
| Incentives | Zero fees on first transfer | Varies | None |
Security and Compliance: Your Money is Safe
Updating your PayNow number is a critical security step. Similarly, Panda Remit prioritizes the safety of your funds. We are a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under license number PS20200501. Our platform utilizes bank-grade SSL encryption and multi-layered anti-fraud protocols, ensuring that whether you are sending money to Alipay in China or a bank account in India, your transaction is transparent and secure.
Explore More on Singapore Remittance
1. How do I increase my PayNow transfer limit for remittance?
If you need to send larger amounts via Panda Remit, you may need to adjust your daily transfer limit within your banking app. Most Singapore banks allow limits up to SGD 200,000, facilitating larger global payouts.
2. Is it safe to link PayNow to remittance apps?
Yes, provided the app is regulated. Using PayNow with a MAS-licensed entity like Panda Remit ensures your funds are handled with strict compliance standards.
Ready to experience lightning-fast global transfers? Register with Panda Remit Singapore today and enjoy exclusive rates.
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.
