How to Handle UOB PayNow Transfer Limits for Supplier Payment to China
熊猫速汇PandaRemit - 2025-12-18 18:59:21.0 7
UOB’s default PayNow transfer limit typically caps at S$5,000 per transaction for personal users and up to S$20,000 daily depending on account settings. When you attempt a larger transfer, such as a S$8,500 supplier payment to China, the system may flag it for security verification or block it entirely due to domestic transaction limits. This often causes delays that can span several working days—an issue for businesses managing tight production or delivery timelines.
UOB PayNow vs PandaRemit: Quick Comparison
| Feature | UOB PayNow | PandaRemit |
|---|---|---|
| Daily Limit | Up to S$20,000 | Flexible, based on verification and compliance |
| Speed | Instant (local only) | Within minutes to 1 business day |
| Cross-border Capability | Singapore only | Supports global transfers, including China |
| Complexity | Requires token setup for higher limits | Online verification, no hardware token needed |
Why PayNow Limits Cause Problems for Supplier Payments
UOB enforces daily cumulative limits for PayNow, which aggregate all outgoing transfers. To raise these caps, users must configure their settings through the UOB app and authenticate using a physical hardware token or digital token service. However, PayNow was designed primarily for domestic peer-to-peer or small business transfers, not for international supplier payments.
When you need to send payments exceeding S$5,000 to a supplier in China, PayNow’s framework becomes restrictive. It lacks integration with cross-border payment networks and foreign exchange settlement, meaning funds cannot leave Singapore’s banking system directly through this method.
The PandaRemit Solution
PandaRemit provides a compliant and efficient alternative for sending supplier payments from Singapore to China. Unlike local payment tools, its transfer limits are not bound by a fixed preset value. Instead, they depend on the sender’s verification level, destination country, and ongoing compliance reviews under AML (Anti-Money Laundering) and KYC (Know Your Customer) standards. For higher-value transfers, additional documentation such as invoices or business contracts may be required to meet Monetary Authority of Singapore (MAS) regulations.
PandaRemit also offers competitive exchange rates for larger transactions and 24/7 digital processing, allowing users to bypass UOB’s PayNow transfer ceiling safely and legally. This makes it a reliable option for consistent supplier payments to China without the friction of domestic transfer limits.
FAQ
Is PandaRemit safe for sending large amounts for supplier payment?
Yes. PandaRemit operates under MAS-compliant frameworks and follows AML/KYC protocols to ensure all transfers are legitimate and secure. Verification levels determine allowable transfer sizes.
How to increase UOB PayNow limit for one-time supplier payment?
You can adjust your UOB PayNow limit through the UOB Mighty app or online banking portal. However, you must authenticate using a hardware or digital token. Even then, limits remain applicable only to domestic PayNow transfers.
Time difference between UOB and PandaRemit for China transfers
UOB PayNow transfers to local recipients are instant but cannot be used for China transfers. PandaRemit, on the other hand, processes verified cross-border payments typically within minutes to one business day.
