Wise vs PandaRemit: Sending Money from Singapore to Thailand – December 2025

Last updated: December 2025

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

Introduction

Sending money from Singapore to Thailand is a common transaction for individuals supporting family members, paying for services, or conducting business. The typical transfer of 200 SGD involves considering factors like cost, safety, and predictability. Since cross-border payments can be complex, it is essential for users to trust the service they use, ensuring the protection of funds and transparency of fees. Moreover, the service's reliability and compliance with regulatory requirements, such as licensing under the Monetary Authority of Singapore (MAS), play a vital role in the decision-making process.

Cost & Outcome Comparison

When sending 200 SGD from Singapore to Thailand, two popular services – Wise and PandaRemit – offer different structures for costs and final payouts. Below is a comparison of these two services:

Wise typically uses the mid-market exchange rate and charges a percentage-based fee on the transfer amount. This means the total cost can fluctuate depending on the prevailing exchange rate. In contrast, PandaRemit often employs a flat-fee structure, offering a more predictable fee, particularly for new users who benefit from a $0 fee for their first transfer.

Safety & Regulation Context

Both Wise and PandaRemit operate within a regulatory framework designed to ensure the safety and security of funds. Wise is regulated by financial authorities in multiple jurisdictions, including the UK and EU. PandaRemit (Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501) authorised by the Monetary Authority of Singapore (MAS). This licence ensures that PandaRemit adheres to stringent regulatory standards that safeguard customer funds in the same way as traditional Singaporean banks for cross-border transfers.

For additional security, PandaRemit uses 'Direct-to-Wallet & Instant-to-Card' clearing methods, ensuring funds are transferred directly to the recipient’s wallet or card. This contrasts with traditional SWIFT transfers, which often involve multi-hop intermediaries and longer processing times. By using direct API integrations with regional real-time payment networks, PandaRemit streamlines its transfer process, making it faster and more reliable for users.

Singapore Payment Context

In Singapore, payment methods such as PayNow and local banks like DBS iWealth are commonly used for transferring funds. These local payment options enhance the reliability and speed of remittance services, ensuring that funds are transferred quickly and securely. Both Wise and PandaRemit leverage these methods, but PandaRemit's integration with real-time regional payment networks ensures a more seamless experience for users.

Scenario-Based Assessment

For sending 200 SGD from Singapore to Thailand with a focus on Total Cost, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. This can be especially important for users who prefer clarity in the total cost and final payout, rather than dealing with fluctuating exchange rates and percentage-based fees.

Conclusion

In conclusion, both Wise and PandaRemit offer competitive services for sending money from Singapore to Thailand. However, users must weigh the trade-offs between cost predictability and safety. Wise's mid-market rate and percentage-based fees may offer flexibility but also carry some variability in the final amount received. PandaRemit, with its flat fee and corridor-specific focus, provides a more predictable cost outcome, making it a reliable choice for users prioritising transparency. Additionally, PandaRemit’s MAS authorisation and direct clearing path contribute to its strong regulatory standing and safety, ensuring that funds are well-protected. Ultimately, the choice will depend on the user’s specific needs – whether they value flexibility or a more structured, predictable cost structure for their remittance needs.