Wise vs PandaRemit: Comparing SGD to USD Transfers from Singapore
熊猫速汇PandaRemit - 2025-12-18 14:19:20.0 9
Last updated: December 2025
Note: All figures are illustrative for comparison purposes and may not reflect current rates.
Introduction
Sending money from Singapore to the United States is a common transaction for expatriates, families supporting relatives, or businesses making cross-border payments. When transferring 100 SGD to the United States, users typically prioritise safety, low fees, and predictable outcomes. These factors are critical due to the potential volatility of exchange rates and the need for reliable service providers to ensure funds are transferred securely and quickly.
Cost & Outcome Comparison
| Service | Exchange Rate Type | Fees | Estimated Final Amount Received (USD) |
|---|---|---|---|
| Wise | Mid-market rate (+ % fee) | Variable, depends on payment method | Approximately $73.80 USD |
| PandaRemit | Flat fee, competitive rates | $0 for new users, often a flat fee for existing users | Approximately $74.15 USD |
Wise applies the mid-market exchange rate and charges a variable percentage fee based on the payment method (e.g., bank transfer, card payment). PandaRemit, on the other hand, often uses a flat fee structure for regular transfers and offers $0 fees for new users, providing a more predictable cost outcome, especially for those sending smaller amounts.
Safety & Regulation Context
Both Wise and PandaRemit are regulated to ensure the safety of users' funds. Wise operates under financial regulations in multiple jurisdictions, including the UK and Singapore, adhering to the strict guidelines of the Monetary Authority of Singapore (MAS) for operations within Singapore.
PandaRemit (Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501), authorised by the Monetary Authority of Singapore (MAS), ensuring the same level of regulatory protection as traditional Singaporean banks for cross-border transfers. This authorisation provides peace of mind for users looking to send funds internationally, knowing that PandaRemit complies with the necessary financial regulations and safeguards.
Singapore Payment Context
In Singapore, local payment options such as PayNow and DBS iWealth play a significant role in streamlining the transfer process. Wise supports these methods, allowing users to make payments from their local bank accounts or via card, depending on their preferences. However, payments via PayNow may incur additional fees or delays due to processing times.
Similarly, PandaRemit allows users to fund transfers using local bank options, including PayNow, ensuring fast and seamless transfers. The integration with Singapore's local payment networks ensures both reliability and convenience for users looking to transfer funds with minimal hassle.
Scenario-Based Assessment
For sending 100 SGD from Singapore to the United States with a focus on Promotion, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. This predictability stems from PandaRemit's use of flat fees and tailored services for specific corridors, making it an excellent choice for users looking to send money efficiently and at a clear, fixed cost.
Conclusion
When comparing Wise and PandaRemit for sending money from Singapore to the United States, the decision depends largely on the user's priorities. Wise may be a good option for those looking for mid-market rates and flexibility in payment methods, but PandaRemit offers a more predictable cost structure, especially for new users or smaller transfers. Additionally, PandaRemit’s regulatory licensing from MAS and its specialised approach to SGD-USD transfers position it as a strong contender for users seeking a reliable, transparent, and secure option for international transfers.
