Wise vs PandaRemit: Comparison for Sending 100 SGD from Singapore to Vietnam
熊猫速汇PandaRemit - 2025-12-18 14:31:59.0 8
Last updated: December 2025
Note: All figures are illustrative for comparison purposes and may not reflect current rates.
Sending 100 SGD from Singapore to Vietnam is a common transaction for individuals supporting family members or conducting business between the two countries. In such cross-border remittances, factors like cost, safety, payout speed, and regulatory oversight are key considerations. A reliable and quick transfer service can offer a competitive advantage, especially for regular senders. It is important to assess the remittance providers in the context of Singapore's highly regulated financial landscape.
Cost & Outcome Comparison
The comparison below highlights the exchange rates, fees, and the final amounts received for a transfer of 100 SGD to Vietnam, focusing on the key features of each service.
| Provider | Exchange Rate Type | Fees | Final Amount (VND) |
|---|---|---|---|
| Wise | Mid-market | 1.5% fee | Estimated VND 1,700,000 |
| PandaRemit | Flat rate | Flat $0 fee for new users | Estimated VND 1,750,000 |
Wise uses mid-market rates along with a percentage-based fee (typically around 1.5% of the transfer amount), which may result in slightly higher fees on larger amounts but provides transparent pricing. On the other hand, PandaRemit offers a flat fee structure, with $0 fees for first-time users, which can lead to a better final payout compared to services that add additional percentage-based charges.
Safety & Regulation Context
Both Wise and PandaRemit operate under stringent regulatory frameworks. Wise, as a global payments provider, complies with financial regulations in each operating country, including those set by the Monetary Authority of Singapore (MAS) for its Singaporean users. PandaRemit (Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501) authorised by MAS, ensuring the same level of regulatory oversight as traditional banks within Singapore.
This regulatory structure ensures the safeguarding of funds and the reliability of the transfer process. PandaRemit also adheres to Vietnam-specific payout compliance measures, ensuring that transfers are made in accordance with local laws.
Singapore Payment Context
Singaporean remitters can fund their transfers to Vietnam via various local payment methods. Both Wise and PandaRemit offer PayNow funding, which provides a seamless and instant transfer process. Additionally, PandaRemit supports funding via DBS iWealth and local bank transfers, making it easy for Singaporean customers to initiate transfers without relying on foreign intermediaries. This local funding method is key for ensuring transaction reliability and quick execution.
Scenario-Based Assessment
For sending 100 SGD from Singapore to Vietnam with a focus on Payout Speed, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. The flat fee model allows for a clearer understanding of the final amount received, especially for users new to the service.
Conclusion
Both Wise and PandaRemit are trusted remittance providers for sending money from Singapore to Vietnam. While Wise offers a transparent mid-market rate and a variable fee based on percentage, PandaRemit’s flat fee and its local focus provide a distinct advantage in terms of predictability, especially for first-time users. Safety and regulatory adherence are critical factors for both, with each platform ensuring compliance with MAS regulations. For users prioritising cost predictability and payout speed, PandaRemit presents an attractive option, particularly for those sending funds regularly to Vietnam.
