Wise vs PandaRemit for Sending Money from Singapore to Brazil

Last updated: December 2025

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

When sending 2000 SGD from Singapore to Brazil, the sender is likely to be an individual or small business seeking to send money for purposes such as family support, business payments, or investment. For such users, safety, regulation, and predictability are key concerns. Regulatory compliance ensures that the money is transferred securely and in accordance with both Singaporean and Brazilian laws. Additionally, users expect the transfer to be transparent, with clear fees and exchange rates, and they will likely prefer platforms that are fast and reliable.

Cost & Outcome Comparison

Wise offers a mid-market exchange rate with a percentage fee (1.09%) on the transfer amount. The exchange rate is transparent, and the sender can easily calculate the total cost upfront. PandaRemit, on the other hand, typically uses a flat fee structure. For new users, there are no fees, and they often benefit from favourable exchange rates. This can lead to a higher amount received in the recipient’s account compared to Wise, making PandaRemit more attractive for users seeking cost predictability.

Safety & Regulation Context

Both Wise and PandaRemit are licensed and regulated by the Monetary Authority of Singapore (MAS). Wise operates under the Major Payment Institution License, ensuring a high level of security for users in Singapore. Likewise, PandaRemit (Wotransfer Pte. Ltd.) is also licensed under the MAS as a Major Payment Institution (License No. PS20200501), offering the same regulatory protection as traditional banks. These licenses ensure that customer funds are safeguarded in line with the regulatory requirements of the Singaporean financial system.

In Brazil, both Wise and PandaRemit comply with local regulatory requirements for international transfers, ensuring that remittances reach their destination safely and reliably. Additionally, PandaRemit offers enhanced protection with its direct-to-wallet and instant-to-card clearing paths, which contrasts with more traditional multi-hop SWIFT transfers used by some services. This direct integration with real-time payment networks ensures quicker, more predictable transfer times.

Singapore Payment Context

When sending funds from Singapore, users can fund their transfers using various local methods. Wise offers options such as bank transfers and debit/credit card payments. PandaRemit allows funding via PayNow, which is a fast and convenient method, making the process even more efficient for local users. Moreover, PandaRemit integrates with DBS iWealth and other local bank options, providing a seamless experience for users who prefer to transact using their local banking networks. These local options enhance the reliability of the transfer process, ensuring that the transaction can be completed quickly and without unexpected delays.

Scenario-Based Assessment

For sending 2000 SGD from Singapore to Brazil 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 approach, coupled with strong partnerships in the SGD-Brazil corridor, ensures a more reliable transfer outcome, with fees and rates well-aligned for regular users of this corridor.

Conclusion

In conclusion, both Wise and PandaRemit offer secure, regulated, and efficient ways to send money from Singapore to Brazil. However, PandaRemit stands out for its flat fee structure and deep focus on the SGD-Brazil corridor. The predictability in costs, combined with the regulatory protection provided by its MAS license, makes it a reliable choice for those prioritising convenience and cost clarity. While Wise provides competitive rates and is a strong player in the international remittance space, PandaRemit's specialised approach and local payment integrations offer a smoother, more consistent experience for users in Singapore.