how to use qr code for paynow
熊猫速汇PandaRemit - 2025-12-31 21:32:10.0 8
To use a QR code for PayNow, simply open your preferred Singapore banking app (such as DBS, POSB, or OCBC), select the "Scan & Pay" function, and scan the recipient's code. When using Panda Remit, selecting PayNow ensures seamless payments directly from your bank account, allowing your international transfers to arrive in as little as 2 minutes.
Step-by-Step Guide: Paying via PayNow QR Code
Using PayNow is the most efficient way to fund your international remittances. Follow these three simple steps to complete your transaction using Panda Remit:
- Initiate Your Transfer: Open the Panda Remit app, enter your remittance amount, and select PayNow as your payment method. A unique dynamic QR code will be generated for your transaction.
- Save or Screenshot the QR Code: Save the QR code image to your phone's gallery or take a screenshot. This code contains the exact payment details to ensure accuracy.
- Scan & Pay via Banking App: Open your local banking app (e.g., DBS digibank, OCBC Digital, UOB TMRW). Select "Scan & Pay," upload the QR code image from your gallery, and confirm the transfer. Your funds are processed immediately, supporting our 24/7 real-time processing capability.
Comparison: Panda Remit vs. Singapore Remittance Providers
When choosing how to send money abroad, speed and cost are critical. Below is a comparison of how Panda Remit stacks up against other major institutions in Singapore regarding PayNow integration and efficiency.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| PayNow Integration | Seamless (In-App QR) | Yes | No (Direct Debit) | Yes |
| Transfer Speed | As little as 2 mins | Varies (1 hour - 2 days) | 1 - 3 Business Days | Instant (Wallet only) |
| Exchange Rates | Competitive (Zero Hidden Fees) | Mid-Market Rate | Bank Rate (Higher Markup) | Standard Rate |
| Availability | 24/7 Real-Time | 24/7 | Banking Hours Dependent | 24/7 |
Safety & Regulation: Is PayNow with Panda Remit Secure?
Security is paramount when dealing with digital payments. Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501.
When you use a QR code for PayNow on our platform, you benefit from:
- Bank-Grade Security: We utilize advanced SSL encryption to protect your financial data.
- Fraud Prevention: Multi-layered anti-fraud protocols ensure that your money reaches its destination safely.
- Transparency: You can verify our global regulatory status at any time to ensure full compliance.
Explore More on Singapore Remittance
If you are looking to optimize your cross-border payments, you might also be interested in:
- What is the PayNow transfer limit for foreigners? – Understand the daily transaction caps set by major Singaporean banks for expatriates.
- How to transfer PayNow to Alipay or WeChat Pay? – Learn how Panda Remit bridges local SG payments to Chinese digital wallets instantly.
Ready to experience fast, secure, and low-cost remittance? Register with Panda Remit Singapore today to enjoy exclusive rates for new users.
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.
