how to use paynow dbs
熊猫速汇PandaRemit - 2025-12-31 21:29:13.0 8
To use PayNow with DBS, simply log in to your DBS digibank app, select "Pay & Transfer," tap "PayNow," and enter the recipient's mobile number or UEN. This method ensures seamless payments for funding international remittances via Panda Remit, allowing your funds to arrive globally in as little as 2 minutes.
Step-by-Step Guide: Sending Money via DBS PayNow
Whether you are splitting a bill locally or funding a cross-border transaction, using PayNow via DBS is the standard for speed and convenience in Singapore. Follow these steps to complete a transfer:
- Log in to DBS digibank: Open your mobile app and authenticate using your biometrics or PIN.
- Navigate to Transfer: Tap on the "Pay & Transfer" icon located at the bottom of the dashboard, then select "PayNow."
- Enter Recipient Details: Input the recipient's Mobile Number, NRIC/FIN, or UEN (Unique Entity Number). Tip: When funding your Panda Remit wallet, you will use the UEN provided in the app.
- Verify and Confirm: Check the recipient's name (ensure it matches the intended payee) and the amount. Slide to confirm the transaction.
Comparing Remittance Options: Panda Remit vs. Competitors
Many users utilize PayNow DBS to fund international transfers. Below is a comparison of how Panda Remit stacks up against traditional banks and other providers when funded via PayNow.
| Feature | Panda Remit | DBS Remit | Wise | Singtel Dash |
|---|---|---|---|---|
| Transfer Speed | As little as 2 minutes (Real-time) | 1-3 Working Days | Minutes to Days | Instant to Wallet |
| PayNow Integration | Seamless In-App Support | Native | Supported | Supported |
| Exchange Rates | Market-leading rates (Zero hidden fees) | Bank Rate (Higher spread) | Mid-market rate | Competitive |
| Regulatory Status | MAS Licensed (MPI) | MAS Licensed (Bank) | MAS Licensed | MAS Licensed |
Security & Regulation: Why Trust Panda Remit with PayNow?
When you use PayNow DBS to fund a transfer on Panda Remit, you are utilizing a platform that prioritizes security and compliance. Panda Remit is a Major Payment Institution strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501.
We employ bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that from the moment you authorize a PayNow transaction in your DBS app to the moment the funds reach the beneficiary, every step is transparent, tracked, and secure.
Explore More on Singapore Remittance
If you are looking to maximize the utility of your DBS account for global transfers, consider these common queries:
- What is the daily PayNow limit for DBS?
By default, the limit is often set to SGD 1,000 or SGD 5,000, but you can adjust this up to SGD 200,000 via your digibank settings to accommodate larger remittances. - Can I use PayNow to send money to China?
Directly, no. However, you can use PayNow to fund Panda Remit, which then supports direct payouts to Alipay and WeChat Pay 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.
