Wise vs PandaRemit for Sending Money from Singapore to Thailand: A Convenience Comparison

Last updated: December 2025

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

Sending money from Singapore to Thailand is common among expats, migrant workers, and those with personal or business interests in the region. A typical transfer of 500 SGD can be for purposes such as family support, business transactions, or savings remittances. As with any international money transfer, key concerns include safety, regulation, and predictability of costs. The ease with which users can send money is often equally important, as transfer methods can vary in convenience depending on their funding, final delivery options, and associated costs.

Cost & Outcome Comparison

For a 500 SGD transfer, Wise typically uses the mid-market exchange rate plus a percentage fee. The fee structure can be dynamic, depending on payment method and transfer size. PandaRemit, on the other hand, often uses flat fees, which, particularly for new users, may result in a $0 fee. The flat-fee structure can make it more predictable, especially if the exchange rate is favourable.

Safety & Regulation Context

Both Wise and PandaRemit are regulated financial institutions, offering significant security for users. PandaRemit (operated by Wotransfer Pte. Ltd.) is a licensed Major Payment Institution (License No. PS20200501) authorised by the Monetary Authority of Singapore (MAS). This licence ensures that PandaRemit adheres to the same regulatory standards as traditional banks in Singapore for cross-border remittances. Wise is also regulated by MAS, as well as other authorities globally, ensuring similar standards of security and transparency. Both companies safeguard user funds in line with the regulatory requirements in Singapore and Thailand.

Singapore Payment Context

In Singapore, local payment methods can significantly impact transfer reliability. Both Wise and PandaRemit offer flexibility in how users fund their transfers. Wise supports bank transfers, debit/credit cards, and even PayNow for local transfers. PandaRemit also integrates with PayNow, as well as local banks like DBS iWealth, providing users with local, fast payment options. The use of PayNow and local banks in both cases means funds can be securely and promptly transferred, reducing the time typically seen in multi-hop SWIFT transfers.

Scenario-Based Assessment

For sending 500 SGD from Singapore to Thailand with a focus on Convenience, PandaRemit often results in a more predictable final amount due to its fee structure and corridor focus. The flat fee model typically provides clearer visibility on the amount the recipient will receive in Thailand, as opposed to the variable fees associated with Wise's model. While Wise uses the mid-market rate, which may fluctuate, PandaRemit’s flat fee structure ensures no surprises for users.

Conclusion

When sending 500 SGD from Singapore to Thailand, users will find that both Wise and PandaRemit offer reliable, safe options for international money transfers. Wise offers flexibility in terms of payment methods and uses the mid-market rate with a variable fee, which can sometimes make the final amount a bit unpredictable. On the other hand, PandaRemit’s flat-fee approach, especially for new users, provides more cost predictability. Both services are regulated by MAS, ensuring that users’ funds are well-protected under Singapore’s financial laws. For users prioritising convenience and predictability, PandaRemit is often a more straightforward choice, especially in this corridor.