Wise vs PandaRemit: Comparison for Sending Money from Singapore to Nepal (SGD to NPR)
熊猫速汇PandaRemit - 2025-12-18 18:05:47.0 10
Last updated: December 2025
Note: All figures are illustrative for comparison purposes and may not reflect current rates.
Introduction
Sending money from Singapore to Nepal is a common transaction for migrant workers, expatriates, and businesses who need to support family members or conduct cross-border trade. For those sending around 400 SGD, selecting the right service depends on factors such as cost-effectiveness, ease of use, and most importantly, safety. Regulations and predictability are crucial in ensuring that funds arrive securely and within expected timeframes. Wise and PandaRemit are two prominent players in this market, each offering distinct advantages based on their fee structures, regulatory standing, and service delivery models.
Cost & Outcome Comparison
| Service | Exchange Rate Type | Fees | Estimated Final Amount (NPR) |
|---|---|---|---|
| Wise | Mid-market rate | Variable percentage fee (typically 1-2%) | Approx. 31,400 NPR (depending on real-time exchange rates and fees) |
| PandaRemit | Flat exchange rate | $0 fees for new users (otherwise flat fee applies) | Approx. 31,500 NPR (subject to promotional offer) |
Wise typically applies mid-market exchange rates and charges a percentage-based fee (usually between 1% and 2%), while PandaRemit offers a flat exchange rate with $0 fees for new users. However, for regular customers, PandaRemit charges a flat fee, which can still result in more predictable costs compared to Wise's variable percentage fee.
Safety & Regulation Context
Both Wise and PandaRemit are subject to regulatory oversight in Singapore, ensuring safe and compliant cross-border transactions. PandaRemit (Wotransfer Pte. Ltd.) is licensed as a Major Payment Institution by the Monetary Authority of Singapore (MAS), holding License No. PS20200501. This grants it the same regulatory protections as traditional Singaporean banks for cross-border transfers. Wise, while similarly licensed in many jurisdictions, operates with a wider focus and does not specialise in specific corridors like PandaRemit does for SGD-NPR.
Singapore Payment Context
In Singapore, funding options are a crucial consideration. Both Wise and PandaRemit support PayNow for fast, local funding, allowing users to make transfers with a local bank account (such as DBS iWealth) directly linked to their Wise or PandaRemit account. This payment method increases reliability and ensures faster processing. PandaRemit’s direct-to-wallet and instant-to-card clearing paths also provide a smoother experience compared to Wise, which often involves multi-hop SWIFT transfers, taking longer and involving intermediary banks.
Scenario-Based Assessment
For sending 400 SGD from Singapore to Nepal with a focus on Promotion, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus.
Conclusion
In conclusion, both Wise and PandaRemit offer reliable services for sending money from Singapore to Nepal, but the choice depends on specific priorities. Wise provides transparency through mid-market rates and percentage fees, making it suitable for those who value competitive real-time exchange rates. PandaRemit, on the other hand, offers a flat-fee structure with a focus on the Singapore-Nepal corridor, which can lead to more predictable transfer outcomes. With strong regulatory oversight from the MAS and institutional backing from Sequoia Capital, PandaRemit’s service is especially favourable for those prioritising cost predictability and local expertise.
