How to Transfer from Singapore to GoPay Using Transfez: Instant, Secure, and Best Rates

I know you must be looking for the fastest and cheapest way to send money from Singapore (SGD) to Indonesia (IDR). Your need is very specific: the funds must reach your family immediately.

GoPay is now the main transaction tool for families in Indonesia! They use it for daily needs, paying for transportation (GoCar/GoRide), and food (GoFood). Sending money must be ready-to-use directly in GoPay. Every extra transfer step only wastes time and money.

Transfez is a legal and BI-licensed (Bank Indonesia) digital remittance solution. This article is your complete guide to the process of transfer from Singapore to GoPay efficiently, real-time, and transparently. We will completely break down how it works, the exchange rate you get, and the limitations you must know!

Comparison: Conventional Bank vs. Transfez

Before we dive into the technical steps, you need to know why the old method is obsolete and why Transfez is the ideal choice.

1. Conventional Banks: Expensive, Slow, and High Rates

When you choose a bank in Singapore (like DBS, UOB, or OCBC) for an international transfer, you are dealing with the SWIFT network. This process involves many parties, all asking for a cut.

• Layered Fees: You pay a large sender fee, and then there are hidden fees from correspondent banks. If you try to find the DBS transfer fee to GoPay through a bank, you will realize that the total cost deducted from your remittance can reach dozens of SGD.
• Waiting Time: This process requires manual interbank verification and settlement, often delaying funds by 2–3 business days.
• Detrimental Rates: The bank will use an unfavorable selling rate, making the IDR amount received by the family far less than the actual market exchange rate.

2. Transfez: Instant and Profitable Digital Remittance

Transfez overcomes all these shortcomings with digital technology and official permission.

• Low Flat Fee: Transfez only charges a low and transparent flat fee upfront. This fee is much cheaper than the total SWIFT fee you pay to the bank.
• Most Competitive Rate: Transfez offers the most favorable SGD to IDR rate (approaching the mid-market rate). This maximizes the amount of Rupiah the family receives in Indonesia.
• Direct Access to GoPay: This is the most important part. Transfez has direct API integration with the payment system in Indonesia, allowing direct transfer to GoPay without having to stop at a bank account.

Read Also: How to Send Money to Indonesia via E-wallet with Transfez: Fast, Cheap, and Hassle-Free

How to Send Money from Singapore to GoPay

The process of transferring money to GoPay from Singapore must be done through the Transfez application. Follow these steps to succeed.

Account and Data Preparation

Before hitting the send button, you must ensure two things are ready:

• Verified Transfez Account: Download the Transfez app and complete the KYC (Know Your Customer) verification fully.
• Recipient GoPay Status: The recipient’s GoPay must have GoPay Plus or GoPay Premium status. Standard GoPay (un-upgraded) cannot receive transfers from abroad.

Initiating the Transaction in the Transfez Application

To create a transaction, users can start by clicking one of two options: the “International Transfer” button or the “Send Money” button.

Next, users can create an international transaction by doing the following:

• Calculator Page: Determine the destination country, the amount to send or receive, and check the exchange rate and fee.
• Select Recipient: Choose a recipient, or create a new one. Select the GoPay E-Wallet option.
• Compliance Information: Provide the Purpose of Remittance and Source of Funds.
• Confirmation of Transaction: Review the summary, enter the PIN, and the transaction is complete. The user can then track the transaction status.

Transaction History

After creating the transaction, users can track the progress of the transaction on the “Transactions” page. Here, users can view all transactions, including: Transaction in progress, Completed Transactions, Failed or Rejected Transactions, Refunded Transactions, Wallet Top Up, and Wallet Balance Withdrawal.

Making the SGD Payment to Transfez

After you confirm the details, Transfez will ask you to send the SGD funds from your Singapore bank account to the Transfez account (escrow account).

• Use PayNow (Highly Recommended): Choose the PayNow transfer method. PayNow ensures your SGD funds enter the Transfez account instantly.
• Mandatory Reference Code: When transferring at your bank, enter the unique reference code provided by Transfez in the notes field. This code is crucial for Transfez to identify and process your remittance without delay.

Fast SGD Payment from Singapore

Why is PayNow highly recommended? Because it is the key to achieving real-time speed throughout the process. When you use PayNow, the SGD funds will enter the Transfez account within seconds. If Transfez receives the SGD funds instantly, the conversion to IDR and top-up to GoPay can be done immediately without having to wait for the bank settlement process. This is the most efficient way to ensure the money transfer to GoPay from Singapore runs at lightning speed.

Read Also: How to Send Money from Singapore to OVO in Real-Time: The Quickest and Cheapest Transfez Guide

How Long Does It Take to Send Money from Singapore to GoPay?

Waiting time is the biggest concern. With Transfez, you can get much better transfer speeds than a bank.

• Real-Time Transfer: Transfez uses API integration technology that allows GoPay top-up to be done real-time or instantly. Under normal conditions, after you successfully send SGD to Transfez via PayNow, the recipient’s GoPay will be funded within minutes (not days). This proves that Transfez is the fastest solution for sending money to GoPay from Singapore in the market.

Limitations and Transfer Limits for GOPAY Premium from Overseas

Understanding this limit is key to preventing failed transactions.

1. Maximum Balance Limit for GoPay Plus & Transfez

You must always prioritize the limit set by Bank Indonesia on e-wallets. GoPay Plus or Premium has a maximum balance limit of Rp 20,000,000.

• Important Warning: If the recipient’s total GoPay balance (current balance + your remittance fund) exceeds the Rp 20 million limit, the transaction will fail.
• Transfez Limits: Tier 1 maximum transaction is SGD 1,500 (Rp 19,000,000). Tier 2 maximum transaction is SGD 3,000 (Rp 38,000,000). Annual maximum transaction is SGD 30,000 (Rp 383,000,000).

2. Monthly Transaction Limit

In addition to the balance limit, GoPay also has a monthly transaction limit (usually Rp 40,000,000 per month).

There is no longer any reason to use slow and expensive conventional banks. Transfez is the most efficient and modern solution for transferring money to GoPay from Singapore. You not only get the best SGD to IDR rate but also real-time speed that ensures the funds are immediately available in GoPay for the family’s urgent needs.

Transfez offers cost transparency, ease of using PayNow, and security guaranteed by Bank Indonesia. Now, you can send money with peace of mind, knowing that the process is instant and the cost is the lowest. Switch to Transfez now and enjoy the ease of digital money transfer!

Download the Transfez App to Send Money from Singapore to Indonesia

Don’t just send money send your love home. Transfez is a money transfer app created by Indonesians who understand your needs in Singapore. The process is secure, the exchange rates are competitive, and most importantly: you can rest assured knowing your family will confirm receipt immediately. Show your love without the hassle! Download Transfez on your phone now (available on Android & iOS)! #SantaiTapiSampai