How to Handle DBS PayNow Transfer Limits for Supplier Payment to Malaysia
熊猫速汇PandaRemit - 2025-12-18 15:55:47.0 7
When sending supplier payments to Malaysia using DBS PayNow, there are certain limitations that may disrupt your transfer, especially for larger amounts like $7,500. DBS PayNow enforces a daily cumulative transfer limit, and anything beyond that could either trigger a security block or delay the transaction for several days.
The Pain Point (Quick Answer)
DBS PayNow typically limits transfers to a daily cap of $1,000 per transaction, with a maximum of $5,000 per day. Payments above this threshold often result in complications such as security blocks or delays, especially when sending payments like $7,500 for supplier transactions.
Comparison Table
| Feature | DBS PayNow | PandaRemit |
|---|---|---|
| Daily Limit | $5,000 | Varies (based on verification level) |
| Speed | Instant (local) | 24/7 digital processing (international) |
| Cross-border Capability | No | Yes (supports Malaysia and other countries) |
| Complexity | Requires hardware token for higher amounts | Simple, no hardware token required |
Deep Dive Analysis (Problem)
For DBS PayNow, the daily cumulative limit is often the biggest obstacle when making larger supplier payments. For example, a supplier payment of $7,500 would exceed the daily limit, and you would either face delays or be required to use multiple transactions. Additionally, DBS mandates a hardware token for verifying transactions that exceed certain thresholds, adding an extra layer of complexity for businesses with frequent international payments.
While PayNow is a convenient and fast method for local Singapore transfers, it was not designed with international remittance in mind. Therefore, when handling cross-border payments to Malaysia or other countries, PayNow becomes inefficient and restrictive, especially for higher-value payments.
The PandaRemit Solution
PandaRemit offers a more flexible and robust solution for international payments like supplier payments to Malaysia. Unlike DBS PayNow, PandaRemit does not fix a low preset limit. Transfer limits depend on the user’s verification level, destination country, and compliance checks. For larger transactions, such as those over $7,000, PandaRemit may require additional documentation to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. However, this ensures that all transfers are legal, secure, and fully compliant with local laws.
In addition to providing a higher degree of flexibility for larger amounts, PandaRemit also benefits from better exchange rates for larger transfers, reducing overall costs for businesses. The service operates 24/7, ensuring that transfers are processed digitally at any time, without the need for hardware tokens or manual intervention. This makes PandaRemit an ideal solution for companies requiring consistent and reliable international payments.
SEO-Friendly FAQ (Schema.org Ready)
Q1: Is PandaRemit safe for sending large amounts for supplier payment?
Yes, PandaRemit is fully licensed and regulated under Singapore’s Monetary Authority of Singapore (MAS). It provides a secure platform for sending large amounts, in compliance with AML and KYC regulations.
Q2: How to increase DBS PayNow limit for one-time supplier payment?
You can request a limit increase from DBS, but it typically requires using a hardware token and can take additional time for approval. It’s often easier to use an alternative service like PandaRemit for larger, cross-border payments.
Q3: Time difference between DBS and PandaRemit for Malaysia transfers?
DBS PayNow only processes local transactions instantly, while PandaRemit offers 24/7 digital processing, including for international payments like those to Malaysia. This means PandaRemit can handle your transfers outside of local banking hours.
