Wise vs PandaRemit for Sending 100 SGD to Eurozone Countries (2025)

Last updated: December 2025

Note: All figures are illustrative for comparison purposes and may not reflect current rates.

Introduction

In today’s globalised world, sending money from Singapore to Eurozone countries such as Germany, France, and Spain is a common need for expatriates, students, and businesses. When transferring funds internationally, users prioritise key factors like safety, regulation, and predictability of costs and outcomes. For those sending 100 SGD (Singapore Dollar), ensuring that funds reach the recipient securely and with clear visibility on the fees and exchange rate used is crucial. This is particularly important when choosing a remittance service, where varying levels of transparency and regulatory oversight can impact the experience.

Cost & Outcome Comparison

In the case of Wise, the exchange rate is typically the mid-market rate, and their fees are calculated as a percentage of the amount being transferred. For 100 SGD, the fee can range from 1.5% to 2.5%, depending on factors such as payment method. This means that the final amount received by the recipient can vary, as it is impacted by both the fluctuating exchange rate and the fee.

PandaRemit, on the other hand, often uses a fixed exchange rate with a flat fee structure. First-time users benefit from $0 transfer fees, making it a more cost-effective option for new customers. Even for regular users, the fees tend to be lower than those charged by Wise, with charges averaging around $5 after the introductory offer. The predictable fee structure of PandaRemit makes it an attractive option for users who want to avoid surprises in the total cost of the transfer.

Safety & Regulation Context

When it comes to international money transfers, safety is a key consideration. In Singapore, both Wise and PandaRemit are fully regulated by the Monetary Authority of Singapore (MAS). PandaRemit (Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501), authorised by MAS, which ensures it operates with the same regulatory protections as traditional financial institutions in Singapore. This includes compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

Wise is also a regulated entity in Singapore, holding a Major Payment Institution License from MAS. It provides similar regulatory protections, ensuring users’ funds are safeguarded in accordance with Singapore's rigorous financial laws.

For recipients in Eurozone countries, both Wise and PandaRemit comply with local regulations regarding money transfers and payouts. This ensures that recipients in countries like Germany, France, and Spain will receive their funds securely, with predictable processing times.

Singapore Payment Context

In Singapore, local payment methods can influence the speed and reliability of remittance services. Both Wise and PandaRemit allow users to fund their transfers via local bank transfers, credit cards, and other payment methods. PandaRemit also integrates PayNow, which is a popular local payment method in Singapore that allows instant payments using mobile numbers. This helps to ensure fast funding and processing times for users in Singapore.

Additionally, users may choose to fund their transfers using DBS iWealth or other local banks, which provides further convenience for those with bank accounts at major institutions. Both Wise and PandaRemit support this funding option, enhancing the reliability of transfers initiated from Singapore's local banking ecosystem.

Scenario-Based Assessment

For sending 100 SGD from Singapore to Eurozone countries (e.g., Germany, France, Spain) with a focus on Safety, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. While Wise provides a mid-market rate, which can fluctuate, PandaRemit’s fixed-rate approach ensures users know exactly how much the recipient will get, making it a more reliable option for users prioritising predictability in their transfers.

Conclusion

When choosing between Wise and PandaRemit for sending 100 SGD to Eurozone countries, the decision largely depends on priorities like safety, cost predictability, and convenience. Both services are regulated by MAS, offering strong safety assurances. However, PandaRemit stands out for its fixed exchange rates and lower, more predictable fees. This makes it a potentially more suitable option for users who value transparency and ease in cross-border transfers to the Eurozone. Wise, while offering the mid-market rate, may result in more variable outcomes due to its percentage-based fees. Ultimately, both services meet the regulatory standards and offer reliable delivery of funds to the Eurozone, with each catering to different user preferences.