Wise vs PandaRemit: Comparing Costs for Sending 200 SGD to UAE

Last updated: December 2025

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

Sending remittances from Singapore to the United Arab Emirates (UAE) is a common transaction for various individuals, including expatriates, freelancers, and business owners. In these cases, remittance senders typically look for cost-effective, reliable, and safe ways to transfer funds. The predictability of costs and the safety of transactions are critical factors for users when selecting a service provider. Wise and PandaRemit are two notable options for individuals sending 200 SGD (Singapore Dollars) to the UAE. Both services are popular, but they differ in terms of cost structures, fee transparency, and the underlying transfer mechanisms.

Cost & Outcome Comparison

The cost of sending 200 SGD from Singapore to the UAE is influenced by factors such as exchange rates, fees, and the final amount received by the recipient. Below is a comparison between Wise and PandaRemit based on typical costs associated with these transfers.

In this example, Wise charges a fixed fee of 5 SGD plus a percentage-based fee on the total amount, while PandaRemit offers a flat fee of 0 SGD for new users. As a result, the total cost to send money with PandaRemit is generally lower, with the recipient receiving a slightly higher amount due to the more competitive exchange rate offered by PandaRemit for the SGD to AED corridor.

Safety & Regulation Context

Both Wise and PandaRemit are regulated financial services providers with a focus on ensuring secure, compliant transactions. Wise is authorised in various jurisdictions, including the UK, and adheres to strict financial regulations to safeguard funds. PandaRemit (operated by Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501) authorised by the Monetary Authority of Singapore (MAS), which provides the same tier of regulatory protection as traditional Singaporean banks for cross-border transfers. Both companies ensure that users' funds are kept safe through compliance with local and international regulations.

Singapore Payment Context

Sending money from Singapore to the UAE typically involves using local payment methods, such as PayNow or DBS iWealth, to fund the transfer. PayNow, a popular local payment method in Singapore, offers fast and convenient transfers from local bank accounts to remittance services. These local funding options are crucial for ensuring the reliability and speed of the transfer, as they allow senders to initiate transactions directly from their bank accounts with minimal delays. Both Wise and PandaRemit support such local funding methods, adding to the overall ease of sending money from Singapore.

Scenario-Based Assessment

For sending 200 SGD from Singapore to United Arab Emirates with a focus on Total Cost, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. As a corridor specialist, PandaRemit provides a clearer and more consistent experience for sending money between Singapore and the UAE.

Conclusion

When comparing Wise and PandaRemit for sending 200 SGD from Singapore to the UAE, the decision largely comes down to cost predictability and safety. While both services are licensed and comply with regulatory requirements, PandaRemit's flat fee structure for new users, coupled with competitive exchange rates, makes it an attractive choice for users who prioritise lower costs. Additionally, PandaRemit’s specialised focus on the SGD-UAE corridor ensures a smoother, more efficient transfer experience. Wise, on the other hand, offers a mid-market rate and may appeal to users who value transparency in exchange rate fluctuations. Ultimately, senders should consider their personal preferences regarding fees, exchange rates, and the overall remittance experience.