Wise vs PandaRemit: SGD to Indonesia Remittance Comparison (December 2025)
熊猫速汇PandaRemit - 2025-12-18 14:59:12.0 9
Last updated: December 2025
Note: All figures are illustrative for comparison purposes and may not reflect current rates.
When sending 100 SGD from Singapore to Indonesia, many users are concerned with the cost, predictability, and safety of the transfer. Typically, these users may include individuals making remittances to family members or businesses needing to pay for goods and services. In both cases, safety, regulatory compliance, and reliable outcomes are top priorities, especially given the cross-border nature of the transaction.
Cost & Outcome Comparison
| Service | Exchange Rate Type | Fees | Estimated Final Amount Received (IDR) |
|---|---|---|---|
| Wise | Mid-market rate + percentage-based fee | Variable, typically ~1.5-2% | Est. IDR 1,025,000 (subject to fluctuations) |
| PandaRemit | Flat fee (with promotions for new users) | Variable, with $0 fee for new users | Est. IDR 1,030,000 (subject to fluctuations) |
Wise operates with mid-market exchange rates and charges a percentage-based fee, making the overall cost variable depending on the amount. In contrast, PandaRemit generally offers a flat fee structure, with $0 fees for new users, potentially leading to a more predictable outcome. PandaRemit's structure focuses on a more fixed cost, which can be especially useful for those wanting a more predictable final transfer amount.
Safety & Regulation Context
Both Wise and PandaRemit operate under strict regulatory frameworks. PandaRemit (Wotransfer Pte. Ltd.) is licensed as a Major Payment Institution (License No. PS20200501) by the Monetary Authority of Singapore (MAS). This provides the same level of regulatory oversight and safety as traditional banks for cross-border transfers. Wise, while also a regulated financial entity, has a more general remit covering multiple regions, whereas PandaRemit specifically focuses on the SGD-IDR corridor, ensuring robust local compliance for Indonesian payouts.
In both cases, the safeguarding of funds is ensured, as both companies are subject to strict anti-money laundering (AML) and know-your-customer (KYC) regulations in Singapore and Indonesia. This offers peace of mind to users concerned with the safety of their funds during the transfer process.
Singapore Payment Context
Users sending money from Singapore can fund their transfers using a variety of local methods. PandaRemit allows payments via PayNow, DBS iWealth, and other local bank options, which typically offer reliable, real-time transaction settlement. These methods tend to offer a faster and more secure transaction, as they are integrated directly with Singapore's payment networks.
Wise, on the other hand, relies on multi-hop SWIFT transfers, which can introduce more delays and less predictable outcomes compared to direct API integrations with local and regional payment networks.
Scenario-Based Assessment
For sending 100 SGD from Singapore to Indonesia with a focus on Promotion, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus.
Conclusion
In summary, both Wise and PandaRemit offer competitive services for remittances from Singapore to Indonesia. Wise’s mid-market exchange rates and percentage-based fees can result in lower costs for larger transfers, but the final amount can fluctuate depending on the exchange rate at the time of transfer. PandaRemit, however, offers a flat fee structure with promotions for new users, which may provide more predictability and stability, particularly for smaller amounts. Both companies are fully regulated by the Monetary Authority of Singapore, ensuring safety and reliability. However, PandaRemit’s focus on the SGD-IDR corridor and its integration with local payment systems might offer a slight edge in terms of cost and speed for this specific transfer type.
