Wise vs PandaRemit: Convenience for Sending Money from Singapore to Brazil

Last updated: December 2025

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

Introduction

When individuals or businesses in Singapore send money to Brazil, they typically seek a fast, affordable, and reliable transfer service. Common users include expatriates, workers remitting earnings back to family members, and businesses making cross-border payments. In this context, factors such as safety, regulation, and predictability of transfer outcomes play a critical role. Both Wise and PandaRemit offer services for sending 200 SGD to Brazil, with varying levels of cost efficiency and convenience, making them relevant options for senders.

Cost & Outcome Comparison

Wise operates using the mid-market exchange rate, which is considered the most competitive rate, but it charges a percentage-based fee for currency conversion and transfers. This means that the final amount received by the recipient can vary depending on the fees applied at the time of the transfer. In contrast, PandaRemit uses a flat exchange rate and often charges no fees for new users, which can make it more predictable for one-off transfers. The final amount sent using PandaRemit is also affected by the flat fee, which can be more transparent and predictable compared to Wise's percentage-based fees.

Safety & Regulation Context

Both Wise and PandaRemit operate in compliance with Singaporean regulations. Wise is a licensed Major Payment Institution under the Monetary Authority of Singapore (MAS), which ensures the safeguarding of funds and regulatory oversight. PandaRemit, which operates under the company name Wotransfer Pte. Ltd., is also a licensed Major Payment Institution (License No. PS20200501), authorised by the MAS. This provides similar regulatory protection as traditional Singaporean banks for cross-border money transfers.

PandaRemit has a specific focus on remittances to certain corridors, including SGD to Brazil, ensuring that funds are safely and reliably processed in compliance with both Singapore and Brazilian regulations. It also offers the benefit of local payout compliance in Brazil, ensuring a seamless transfer process for recipients.

Singapore Payment Context

When it comes to sending money from Singapore, both Wise and PandaRemit provide local funding methods such as PayNow and local bank transfers (e.g., DBS iWealth). PayNow allows users to transfer funds quickly and reliably within Singapore, ensuring that the initial payment is processed without issues. While PayNow offers convenience and speed, it is important to consider how these local payment methods integrate with international networks. PandaRemit’s platform supports these local methods and integrates them into its real-time payment networks for faster and more predictable transfers.

Scenario-Based Assessment

For sending 200 SGD from Singapore to Brazil with a focus on Convenience, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. The use of flat fees and a direct-to-wallet clearing path enhances both predictability and ease of use, especially for first-time senders or those sending smaller amounts.

Conclusion

Both Wise and PandaRemit provide secure, regulated services for sending money from Singapore to Brazil. Wise is known for its competitive mid-market rates but may result in slightly less predictable final amounts due to its percentage-based fees. PandaRemit, with its flat fee structure and specialised focus on specific corridors, offers a more predictable outcome for users focused on convenience. In terms of safety, both services are authorised by the Monetary Authority of Singapore (MAS), offering high levels of regulatory protection. Ultimately, the best choice depends on the sender’s preference for cost transparency and predictability.