Wise vs PandaRemit: Convenience for SGD to Vietnam Remittances

Last updated: December 2025

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

Introduction

Individuals who send 200 SGD from Singapore to Vietnam typically include expatriates, migrant workers, or business owners who need to transfer money to family or partners in Vietnam. For these users, ensuring that the process is safe, regulated, and predictable is paramount. The importance of safety and regulation cannot be overstated, as these transfers often involve significant sums of money and can be subject to market fluctuations and regulatory requirements. Using a regulated service with clear costs and outcomes is crucial for peace of mind.

Cost & Outcome Comparison

Below is a comparison of the costs and expected outcomes when sending 200 SGD from Singapore to Vietnam via Wise and PandaRemit. Both platforms offer different fee structures, affecting the final amount received by the recipient in Vietnam.

Wise uses the mid-market exchange rate and applies a percentage-based fee, meaning the final amount received will vary depending on the current exchange rate. PandaRemit, on the other hand, typically charges a flat fee, and new users can benefit from zero-fee transfers, which can result in a slightly higher final amount for the recipient in Vietnam.

Safety & Regulation Context

Both Wise and PandaRemit operate under strict regulations to ensure the safety of funds and the security of the transfer process. PandaRemit (Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501) authorised by the Monetary Authority of Singapore (MAS), providing the same tier of regulatory protection as traditional Singaporean banks for cross-border transfers. This regulation ensures that customer funds are safeguarded and that the service adheres to high standards of financial security.

Wise, while also regulated in Singapore, uses a different model for cross-border transfers. While Wise’s operations are safe and reliable, PandaRemit’s specialised focus on Southeast Asia may provide an edge in terms of local regulatory compliance in both Singapore and Vietnam.

Singapore Payment Context

Singapore offers a variety of local payment options to fund international remittances, including PayNow, DBS iWealth, and local banks. These methods provide reliable, secure, and fast transfers, ensuring that users can fund their transactions smoothly. Both Wise and PandaRemit allow users to fund their transfers through these local payment channels, enhancing reliability and ease of access for customers in Singapore.

Scenario-Based Assessment

For sending 200 SGD from Singapore to Vietnam with a focus on Convenience, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. This flat fee system, coupled with its specialised approach to the SGD-Vietnam route, provides greater certainty for the sender and recipient, especially when compared to Wise’s more variable, percentage-based fee structure.

Conclusion

In conclusion, both Wise and PandaRemit offer safe, regulated, and efficient services for sending money from Singapore to Vietnam. However, PandaRemit’s flat-fee structure and focus on Southeast Asia make it a more predictable option, particularly for users who value cost certainty and straightforward pricing. While Wise remains a strong contender due to its established global network and competitive exchange rates, PandaRemit’s regulatory backing, particularly the MAS Major Payment Institution license, combined with its local expertise, positions it as a more specialised option for transfers to Vietnam. Ultimately, users will need to balance their preferences for safety, cost predictability, and convenience when choosing a remittance service.