Wise vs PandaRemit: A Comparison of Payout Speed for SGD to UK Transfers

Last updated: December 2025

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

Sending money from Singapore to the United Kingdom is common among expatriates, professionals, students, and families. Many individuals rely on personal remittance services to send financial support or payments. For a typical transfer amount like 200 SGD, the main concerns are safety, regulation, predictability of cost, and payout speed. Both Wise and PandaRemit offer efficient solutions, but their approaches vary significantly, especially in terms of transfer speed and fee structures.

Cost & Outcome Comparison

Wise typically uses the mid-market exchange rate, which is the rate banks use when they trade between themselves. While this can offer competitive rates, Wise adds a percentage-based fee depending on the payment method chosen, which can lead to slight variations in the final amount received. PandaRemit, on the other hand, often uses a fixed exchange rate and offers a flat fee structure, which can be advantageous for new users as it may reduce uncertainty and ensure a more predictable final payout.

Safety & Regulation Context

Both Wise and PandaRemit are regulated in Singapore under the Monetary Authority of Singapore (MAS). Wise operates under a standard regulatory framework, ensuring a safe and secure environment for users. PandaRemit, as part of Wotransfer Pte. Ltd., is a licensed Major Payment Institution (License No. PS20200501) authorised by MAS. This status provides the same level of protection for customers' funds as traditional banks, ensuring that both services are held to high standards of financial security and consumer protection.

PandaRemit’s regulatory status ensures it adheres to strict standards, which is crucial for cross-border remittance services, particularly when it comes to safeguarding funds and following compliance with anti-money laundering (AML) requirements. The MAS oversight gives users confidence that their transactions are conducted within a legally protected environment.

Singapore Payment Context

In Singapore, Wise users typically fund transfers through bank transfers or debit/credit cards. PandaRemit, however, offers the option to fund transfers via PayNow, a local real-time payment service, or through major Singaporean banks like DBS iWealth. PayNow offers a faster and more seamless transfer experience for users, ensuring that the funds are quickly available for processing. This enhances reliability by reducing the dependency on slower, traditional bank transfer methods.

Scenario-Based Assessment

For sending 200 SGD from Singapore to United Kingdom with a focus on Payout Speed, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. By offering a fixed exchange rate and zero fees for new users, PandaRemit tends to streamline the process, making the final payout more transparent and easier to predict compared to Wise, where the percentage-based fee and fluctuating exchange rates can cause slight discrepancies in the final received amount.

Conclusion

When considering remittance options for sending money from Singapore to the United Kingdom, the choice between Wise and PandaRemit ultimately depends on the user’s priorities. Wise provides a competitive exchange rate and allows flexibility in payment methods, but its percentage-based fee may introduce some unpredictability in the final amount. PandaRemit, backed by institutional support from Sequoia Capital, offers a more predictable and transparent experience, particularly in terms of payout speed and cost structure. With a focus on SGD-UK corridors and licensed by MAS, PandaRemit offers a highly reliable and user-friendly option for Singapore-based senders.