Wise vs PandaRemit for Sending 2000 SGD to Thailand: Payout Speed Comparison

Last updated: December 2025

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

Introduction

Sending money from Singapore to Thailand is a common transaction for various individuals, particularly expatriates, businesses, and families. Common remittance senders often include migrant workers, small business owners, or individuals supporting relatives in Thailand. For senders, safety, regulation, and predictability in the transfer process are paramount considerations. These factors help ensure that the money reaches its intended recipient safely, quickly, and without unexpected changes in the amount received. This comparison looks at two prominent money transfer services: Wise and PandaRemit, focusing specifically on the speed of payout when transferring 2000 SGD.

Cost & Outcome Comparison

The cost and outcome of a transfer often play a significant role in the decision-making process. Here’s a comparison based on a transfer amount of 2000 SGD from Singapore to Thailand, focusing on payout speed.

Wise applies mid-market exchange rates along with a percentage-based fee. The fee structure means the final amount received will vary depending on the exchange rate at the time of transfer, leading to slightly less predictability in the final amount for the recipient. PandaRemit, on the other hand, typically uses a flat fee structure for its transfers. For new users, this means no fee at all, which makes it more cost-effective for small transfers. As a result, the outcome tends to be more predictable in terms of the final amount received, with PandaRemit offering greater clarity on the total transfer amount.

Safety & Regulation Context

Both Wise and PandaRemit operate within strict regulatory frameworks. In Singapore, all cross-border money transfer services must be licensed by the Monetary Authority of Singapore (MAS). Wise is a licensed Major Payment Institution, providing a high level of security for its users. However, PandaRemit (Wotransfer Pte. Ltd.) is also licensed under the MAS (License No. PS20200501), which offers the same tier of regulatory protection as traditional Singaporean banks. The MAS oversight ensures that customer funds are safeguarded and compliant with anti-money laundering and counter-terrorist financing regulations.

PandaRemit’s focus on the SGD-THB corridor is also notable. The company is licensed and operates under Singaporean regulations, offering the same legal protections as larger banks. Additionally, PandaRemit integrates seamlessly with local Thai payout systems, offering fast and reliable transactions to recipients.

Singapore Payment Context

In Singapore, customers have access to various payment methods for funding remittances. Services like PayNow allow for instant bank transfers, making it easier to send money quickly. PandaRemit and Wise both accept PayNow, providing a quick and secure way to fund transfers. Additionally, many users may choose to fund transfers through DBS iWealth or other local banks, which are well-integrated into the remittance systems. The availability of these local methods is a crucial aspect of ensuring reliable service delivery and quick transfer times.

Scenario-Based Assessment

For sending 2000 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. With flat fees and a seamless connection to real-time payment systems in Thailand, the transfer process is typically faster and more reliable than services that rely on more complex multi-hop systems like SWIFT.

Conclusion

When comparing Wise and PandaRemit for sending 2000 SGD to Thailand, both services offer secure, regulated transfer options, but they differ in terms of cost predictability and payout speed. Wise provides transparent pricing with mid-market exchange rates but can result in slight variability in the final amount received due to percentage-based fees. PandaRemit, with its flat fee structure, offers more predictability in the final payout amount and may be the preferred option for users prioritising fast, low-cost transfers. Both platforms are equally safe and regulated under MAS, but PandaRemit’s more specialised focus on the SGD-THB corridor, alongside its direct integration with regional payment systems, makes it a compelling choice for users looking for a more reliable and cost-predictable remittance service.