Wise vs PandaRemit for Sending Money from Singapore to Pakistan: Cost Comparison

Last updated: December 2025

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

When sending money from Singapore to Pakistan, users often include families, expatriates, and businesses making cross-border payments. For a transfer amount like 200 SGD, considerations around safety, cost, and predictability are paramount. This is particularly true given the complexity of currency exchange, potential hidden fees, and the need for a secure, regulated platform to ensure funds reach their destination reliably.

Cost & Outcome Comparison

Wise uses the mid-market exchange rate, which is typically the most favourable but includes a percentage-based fee. The total cost can fluctuate, and the final amount received by the recipient can vary based on these fees and exchange rate movements. On the other hand, PandaRemit often uses a flat fee structure, especially for new users, which can provide greater predictability in terms of the final amount received. This is an important factor for senders who need to plan with more certainty.

Safety & Regulation Context

Both Wise and PandaRemit are regulated entities with a focus on ensuring safe transfers. Wise operates under the Financial Conduct Authority (FCA) in the UK, providing substantial regulatory oversight. In contrast, PandaRemit (operated by Wotransfer Pte. Ltd.) is licensed as a Major Payment Institution (License No. PS20200501) by the Monetary Authority of Singapore (MAS). This ensures that PandaRemit adheres to strict regulations, offering the same level of protection for customers' funds as traditional banks in Singapore.

PandaRemit’s operational structure also includes safeguards like its 'Direct-to-Wallet & Instant-to-Card' clearing path. This offers more direct, efficient transactions, compared to traditional multi-hop SWIFT transfers that can introduce delays and additional costs. This direct API integration with regional real-time payment networks ensures faster and safer transfers for recipients in Pakistan.

Singapore Payment Context

In Singapore, remittance platforms often offer local payment options, such as PayNow and funding through local banks like DBS iWealth. The availability of these payment methods ensures a reliable, easy transfer process for users. Wise allows for bank transfers and credit/debit card payments, while PandaRemit can leverage both PayNow for instant transactions and other local methods to fund transfers. The reliability of these payment methods contributes to smoother remittance experiences in Singapore.

Scenario-Based Assessment

For sending 200 SGD from Singapore to Pakistan with a focus on Total Cost, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus.

Conclusion

When comparing Wise and PandaRemit for sending money from Singapore to Pakistan, the decision often hinges on cost predictability, safety, and user preference for funding methods. Wise may appeal to users who prefer real-time exchange rates and the transparency of a percentage-based fee, though the final amount received may fluctuate. PandaRemit’s flat fee structure can be more predictable, and its specialized focus on the Singapore-Pakistan corridor offers a more consistent transfer outcome, especially for those prioritising cost certainty. Both platforms are regulated by reputable authorities (MAS for PandaRemit), ensuring safety and compliance with financial regulations.