how to use ocbc paynow
熊猫速汇PandaRemit - 2025-12-31 21:28:05.0 11
To use OCBC PayNow, simply log in to the OCBC Digital app, tap "PayNow," and enter a UEN or scan a QR code. This method supports seamless payments (USP D) for funding international remittances via Panda Remit, ensuring your funds are processed 24/7 and arrive in as little as 2 minutes (USP A).
Step-by-Step: Using OCBC PayNow for Global Remittance
While OCBC PayNow is excellent for local Singapore transfers, it is also the most efficient way to fund your cross-border remittances. Follow this 1-2-3 guide to send money globally using OCBC PayNow and Panda Remit:
- Initiate Your Transfer: Open the Panda Remit app, enter the amount you wish to send (e.g., SGD to CNY, INR, or MYR), and select PayNow as your payment method. You will receive a unique UEN or QR code.
- Authorize via OCBC Digital: Launch your OCBC Digital app, select "PayNow," and either scan the QR code or paste the UEN provided by Panda Remit.
- Confirm and Send: Verify the amount and recipient details. Once confirmed, the funds are transferred instantly, allowing Panda Remit to process your payout to Alipay, WeChat, or global bank accounts immediately.
Comparison: Panda Remit vs. Traditional Banks & Competitors
When asking "how to use ocbc paynow" for international transfers, it is crucial to compare the efficiency and cost of the platform you are funding. See how Panda Remit stacks up against other Singapore market players:
| Feature | Panda Remit | DBS Remit / Traditional Banks | Wise / Singtel Dash |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | 1-3 Business Days | Varies (Minutes to Days) |
| PayNow Integration | Seamless (Instant Funding) | Internal Transfer Only | Supported |
| Exchange Rates | Competitive Market Rates (Zero hidden fees) | Bank Rate (High Markup) | Mid-Market Rate (Variable Fees) |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed |
Why Security Matters: MAS Regulation
Security is paramount when moving funds. 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 every transaction funded via OCBC PayNow is transparent and secure.
Explore More on Singapore Remittance
If you are looking to optimize your financial flows in Singapore, you might also be interested in these topics:
- What is the OCBC PayNow daily limit? – Generally, the default limit is set to SGD 1,000, but this can be adjusted up to SGD 200,000 via the OCBC Digital app for larger remittances.
- Can I use PayNow to send money to China? – Yes, by using PayNow to fund Panda Remit, you can send money directly to Alipay and WeChat Pay wallets within minutes.
Ready to experience faster global transfers? Register with Panda Remit Singapore today to enjoy exclusive new user offers.
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.
