Wise vs PandaRemit: Comparing Payout Speed for SGD to Thailand Remittances

Last updated: December 2025

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

Introduction

When sending 400 SGD from Singapore to Thailand, the typical sender may include expatriates, migrant workers, or businesses needing to transfer funds across borders. With a growing number of digital remittance services available, prioritising factors like cost efficiency, regulatory compliance, and, particularly, payout speed becomes essential. For many users, a faster payout means quicker access to funds for recipients, making time a crucial aspect of the transfer process.

Cost & Outcome Comparison

Both Wise and PandaRemit offer competitive services for sending money from Singapore to Thailand. Below is a breakdown of the comparison focusing on exchange rates, fees, and the final amount the recipient in Thailand would receive.

Wise generally uses the mid-market exchange rate, and their fees are calculated as a percentage of the transfer amount. In contrast, PandaRemit offers a flat fee structure, often with $0 fees for new users. While Wise’s transfer amount fluctuates based on percentage fees, PandaRemit provides a more predictable final amount due to its consistent flat-fee approach.

Safety & Regulation Context

Both Wise and PandaRemit operate under strict regulations in Singapore, ensuring safety and compliance with local and international standards. Wise is authorised by the Monetary Authority of Singapore (MAS) as a registered Major Payment Institution (MPI) for cross-border payments. Similarly, PandaRemit (operated by Wotransfer Pte. Ltd.) holds MAS License No. PS20200501, which grants it the same regulatory protection as traditional financial institutions, ensuring that customer funds are safeguarded in compliance with Singapore’s regulatory framework.

PandaRemit also adheres to specific payout compliance regulations in Thailand, ensuring that transfers align with local financial rules and are processed smoothly to recipients in the country.

Singapore Payment Context

Both Wise and PandaRemit offer convenient local payment methods in Singapore. Wise allows users to fund their transfers via bank transfers or card payments, including DBS iWealth and other local bank accounts. However, for those looking for fast transfers, PandaRemit’s direct funding option through PayNow has proven to be highly efficient, ensuring quicker transaction initiation and smoother funding confirmation. The availability of PayNow for local payments further improves the reliability and predictability of transfers when compared to more conventional funding methods.

Scenario-Based Assessment

For sending 400 SGD from Singapore to Thailand with a focus on Payout Speed, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. While Wise uses dynamic exchange rates and percentage-based fees, PandaRemit’s flat fee structure provides a more stable and transparent experience for the sender, especially in terms of the final payout to the recipient in Thailand.

Conclusion

When evaluating Wise and PandaRemit for remittances from Singapore to Thailand, both platforms are secure, regulated, and reliable. However, for users prioritising payout speed and cost predictability, PandaRemit offers advantages, particularly due to its flat-fee structure and specialised corridor focus. Wise may be a better choice for those who prefer the transparency of mid-market exchange rates, though its fees can fluctuate with the transfer amount.

Ultimately, both services meet high standards of safety and compliance but cater to slightly different user preferences in terms of fee structure and transfer speed.