Wise vs PandaRemit: Sending 300 SGD from Singapore to Japan (2025)

Last updated: December 2025

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

Sending money from Singapore to Japan is common for individuals supporting family members, making business payments, or handling other personal transactions. For remittances of around 300 SGD, cost, safety, and transfer reliability are key concerns. Understanding the fee structure, the final amount received, and the safety of funds are critical for users seeking a smooth, predictable experience. In this comparison, we examine two popular services—Wise and PandaRemit—for sending money from Singapore to Japan, focusing on their promotions, transfer mechanisms, and regulatory safeguards.

Cost & Outcome Comparison

Wise and PandaRemit have different approaches to handling remittance fees and exchange rates. The following table compares the key cost elements for sending 300 SGD from Singapore to Japan:

Wise uses the mid-market exchange rate with a percentage-based fee, meaning the final amount received can vary based on fluctuating market conditions. In contrast, PandaRemit offers a flat-fee structure, which is often more predictable for the sender. Notably, PandaRemit offers a $0 fee for new users, making it an appealing option for first-time senders.

Safety & Regulation Context

Both Wise and PandaRemit are regulated financial services providers, but PandaRemit offers an additional layer of regulatory reassurance. PandaRemit (operated by Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501), authorised by the Monetary Authority of Singapore (MAS). This provides users with the same tier of regulatory protection as traditional Singaporean banks for cross-border transfers.

Wise is also regulated in Singapore, but PandaRemit’s specific focus on the Singapore-Japan corridor and its MAS licensing highlight its local expertise. Users can trust that their funds are safeguarded through regulatory frameworks that ensure compliance with international standards.

Singapore Payment Context

In Singapore, PayNow is a common funding option for remittance services, offering a fast and convenient method to transfer funds. Both Wise and PandaRemit allow payments via local bank accounts, with the latter often facilitating transfers through DBS iWealth or other local banks, ensuring reliability and speed. The integration with local banks enhances transfer efficiency and reduces the possibility of delays, which can sometimes occur with more generic, international payment methods.

Scenario-Based Assessment

For sending 300 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 flat fee model ensures clarity for senders, especially for those new to remittance services, and can provide a better outcome than Wise's fluctuating percentage-based fee.

Conclusion

When considering sending money from Singapore to Japan, users must weigh the trade-offs between safety, cost predictability, and convenience. Wise provides a transparent service with mid-market rates but can involve higher fees due to percentage-based pricing. On the other hand, PandaRemit offers a more predictable outcome with flat fees, especially appealing for first-time senders. Both services are licensed and regulated by the Monetary Authority of Singapore, ensuring a high level of security. Ultimately, the choice will depend on whether users prioritise cost predictability (PandaRemit) or the flexibility of mid-market rates (Wise).