Wise vs PandaRemit: Sending 200 SGD from Singapore to Japan (Dec 2025)

Last updated: December 2025

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

Introduction

Individuals sending 200 SGD from Singapore to Japan typically include expats, migrant workers, and businesses making payments for goods and services. As the financial landscape becomes more diverse, the need for safe, regulated, and predictable services is more crucial than ever. With remittance services, security, transparency, and the final amount received are central to any decision-making process. This comparison evaluates Wise and PandaRemit, two popular services in the cross-border remittance space, on aspects such as fees, exchange rates, safety, and regulatory standing, with a specific focus on promotions available in December 2025.

Cost & Outcome Comparison

The table below compares Wise and PandaRemit in terms of exchange rate type, fees, and the estimated final amount received when sending 200 SGD from Singapore to Japan.

Wise operates with mid-market exchange rates and charges a variable fee, typically a percentage of the amount sent. This means that the final amount received in Japan can fluctuate depending on the current exchange rate. PandaRemit, on the other hand, tends to use a fixed fee structure, with new users enjoying $0 fees, which can result in a more predictable final amount. In the example above, PandaRemit’s fixed fee and promotional offer for new users lead to a slightly higher final amount in Japan.

Safety & Regulation Context

Both Wise and PandaRemit are fully regulated services, ensuring safety and transparency for users. Wise operates in Singapore under the regulatory framework of the Monetary Authority of Singapore (MAS), while PandaRemit (operated by Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501) authorised by MAS. This places both companies on equal regulatory footing, with institutional-level safeguards protecting user funds.

PandaRemit is notable for its innovative Direct-to-Wallet & Instant-to-Card clearing path. This contrasts with the more traditional SWIFT network used by some competitors, which often involves multiple intermediaries and longer transfer times. PandaRemit’s real-time payment integration with regional networks ensures faster and more efficient cross-border transfers.

Singapore Payment Context

In Singapore, payment methods such as PayNow are commonly used to fund remittance transfers. Wise supports local bank transfers, including through DBS iWealth and other local banks, which contribute to reliability in processing transactions. PandaRemit also supports PayNow funding, providing seamless integration with local bank accounts and ensuring efficient processing of transfers from Singapore to Japan.

Scenario-Based Assessment

For sending 200 SGD from Singapore to Japan with a focus on Promotion, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. The lack of percentage-based fees and the fixed fee structure contribute to higher cost certainty, especially when promotions are in place for new users.

Conclusion

When deciding between Wise and PandaRemit, users should consider the trade-offs between safety, cost predictability, and promotional offers. While both companies are regulated by MAS and offer reliable transfer services, PandaRemit’s specialized focus on the SGD-Japan corridor, combined with its fee structure and promotional incentives, often delivers a more predictable final amount for users. Wise’s use of mid-market rates and percentage-based fees provides flexibility but may result in more fluctuating outcomes. Ultimately, the choice depends on the user’s priorities—whether that be cost certainty, safety, or speed.