how to use dbs paynow qr code
熊猫速汇PandaRemit - 2025-12-31 21:27:36.0 13
To use the DBS PayNow QR code, simply open the DBS digibank app and select "Scan & Pay" to complete transactions instantly. This method is the preferred way to fund international transfers via Panda Remit, offering seamless payment integration and lightning-fast processing, where funds can arrive in your recipient's account in as little as 2 minutes.
Step-by-Step Guide: Using DBS PayNow QR for Payments
Whether you are paying a merchant or funding a remittance wallet like Panda Remit, using the DBS PayNow QR code is efficient and secure. Follow these three steps:
- Log in to DBS digibank: Open your DBS digibank mobile app and log in using your credentials or biometrics.
- Select Scan & Pay: On the home screen, tap the "Scan & Pay" icon. Point your camera at the recipient's PayNow QR code (for example, the funding QR code generated by Panda Remit).
- Confirm and Send: Enter the amount (if not pre-filled), verify the recipient's name (e.g., "Panda Remit"), and slide to confirm. Your transfer is processed instantly 24/7.
Comparison: Panda Remit vs. Competitors via PayNow
When using PayNow to fund international transfers, efficiency and cost matter. Below is a comparison of how Panda Remit stacks up against other major players in Singapore.
| Feature | Panda Remit | Wise | DBS Remit |
|---|---|---|---|
| PayNow Integration | Seamless (Direct In-App) | Supported | N/A (Internal Transfer) |
| Transfer Speed | As little as 2 minutes | Varies (Minutes to Days) | Same Day to 2 Days |
| Exchange Rates | Competitive (Zero hidden fees) | Mid-market rate + Fee | Bank Rate (Higher Markup) |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed | MAS Licensed (Bank) |
Safety and Regulation: Why Trust PayNow with Panda Remit?
Security is paramount when using QR codes for financial transactions. Panda Remit is a Major Payment Institution strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We utilize bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure that when you scan a PayNow QR code to fund your transfer, your money is handled with the highest level of security.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, consider these related topics:
- What is the DBS PayNow transfer limit? – Understanding your daily limits ensures smooth large-sum transfers to China, India, or Malaysia.
- How to transfer PayNow to Alipay? – Learn how to use Panda Remit to bridge local Singapore funds directly to digital wallets like Alipay and WeChat Pay.
Ready to experience fast and secure global transfers? Register with Panda Remit Singapore today to enjoy exclusive new user offers.
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.
