Wise vs PandaRemit: Payout Speed Comparison for SGD to Vietnam Transfers

Last updated: December 2025

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

When sending 200 SGD from Singapore to Vietnam, users typically include expatriates, migrant workers, and individuals with family ties in Vietnam. Safety, regulation, and predictability are key concerns when transferring money across borders. It is important to consider not only the cost of the transfer but also how quickly the funds can be received and the reliability of the service in meeting its promised delivery times.

Cost & Outcome Comparison

The costs and outcomes of sending 200 SGD from Singapore to Vietnam can differ significantly between Wise and PandaRemit, based on their respective fee structures and exchange rates.

Wise uses mid-market rates with a percentage-based fee, which means the total amount received by the recipient in Vietnam depends on the exact exchange rate at the time of the transaction. PandaRemit, on the other hand, often uses flat fees or $0 fees for new users, leading to a more predictable final amount received. PandaRemit focuses on specific corridors, which may result in slightly higher payouts compared to the more variable fee structure of Wise.

Safety & Regulation Context

Both Wise and PandaRemit operate under stringent regulatory frameworks. Wise is regulated by financial authorities in each country where it operates, and it adheres to robust safeguarding practices. PandaRemit, a service provided by Wotransfer Pte. Ltd., is a licensed Major Payment Institution (License No. PS20200501) authorised by the Monetary Authority of Singapore (MAS). This gives users the same level of regulatory protection as traditional Singaporean banks for cross-border transfers, ensuring both safety and reliability.

PandaRemit also leverages direct API integrations with regional real-time payment networks, such as Instant Transfer to Wallet and Instant Transfer to Card, which allow funds to be delivered quickly and securely to recipients in Vietnam. This contrasts with traditional SWIFT-based transfers, which can be slower and more prone to delays due to multi-hop routing.

Singapore Payment Context

Singaporean users can fund their remittance using PayNow, DBS iWealth, or other local banks. These methods ensure high reliability and secure transactions, given that they are backed by Singapore's established banking infrastructure. The availability of PayNow and local bank options adds an extra layer of ease and trust for Singapore-based senders.

Scenario-Based Assessment

For sending 200 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 use of flat fees for specific routes may enhance both speed and certainty in comparison to Wise’s more variable cost structure.

Conclusion

When comparing Wise and PandaRemit for sending money from Singapore to Vietnam, users must consider factors such as cost predictability, regulatory compliance, and transfer speed. Wise offers a more flexible, globally recognised service with competitive rates, though its fees are percentage-based, leading to more variable costs and outcomes. PandaRemit, with its flat fees and specialised corridor focus, provides a more predictable and faster service, particularly for the SGD-Vietnam corridor. Both services are regulated and reliable, but PandaRemit's dedicated focus on this specific route and its direct-to-wallet clearing mechanism may offer advantages for users prioritising speed and certainty.