how to transfer money to another country
熊猫速汇PandaRemit - 2025-12-31 18:24:45.0 7
To transfer money to another country efficiently, utilize a specialized digital remittance platform like Panda Remit. By funding transactions via PayNow, you benefit from competitive exchange rates that are significantly better than traditional banks and lightning-fast transfers where funds can arrive in as little as 2 minutes.
Step-by-Step Guide: Sending Money Overseas from Singapore
Sending funds globally has evolved from complex bank visits to simple taps on a screen. Follow this 3-step process to ensure your money moves safely and quickly.
1. Choose a Regulated Provider
Select a remittance service licensed by the Monetary Authority of Singapore (MAS). Avoid unregulated platforms. For example, Panda Remit is a Major Payment Institution (License No. PS20200501), ensuring strict compliance and fund safety.
2. Set Up Your Transfer
Create an account and enter the transfer amount. Digital platforms allow you to lock in exchange rates instantly. With Panda Remit, you can send directly to diverse payout methods including Alipay and WeChat Pay in China, or local bank accounts in India and Malaysia.
3. Fund and Track
Pay for your transfer using local methods like PayNow for seamless processing. Once funded, advanced platforms offer 24/7 real-time tracking. Panda Remit processes transactions around the clock, meaning your money doesn't stop moving when banks close.
Comparison: Panda Remit vs. Competitors
When deciding how to transfer money to another country, comparing speed, cost, and transparency is crucial. See how Panda Remit stacks up against traditional banks and other fintech apps.
| Feature | Panda Remit | Traditional Banks (e.g., DBS Remit) | Other Apps (e.g., Wise/Singtel Dash) |
|---|---|---|---|
| Speed | As little as 2 minutes (24/7 processing) | 1-3 Business Days | Varies (Minutes to Days) |
| Exchange Rates | Competitive Rates (Zero hidden fees) | Often include higher markups | Mid-market rates + variable fees |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed |
| Payout Options | Bank, E-wallets (Alipay/WeChat), Cash Pickup | Bank Transfer mostly | Bank & E-wallets |
Why Security Matters in Cross-Border Transfers
Speed and cost are important, but security is non-negotiable. Panda Remit employs bank-grade SSL encryption and multi-layered anti-fraud protocols. Being strictly regulated by the MAS means your funds are handled with the highest level of compliance. You can verify our global regulatory status here.
Explore More on Singapore Remittance
If you are looking to optimize your international transfers further, consider these common queries:
- What is the cheapest way to send money from Singapore?
Digital remittance apps often beat banks by offering lower spreads. New users on Panda Remit, for instance, often enjoy zero-fee offers on their first remittance. - Is it safe to send large amounts online?
Yes, provided the entity is a MAS-licensed Major Payment Institution. Always verify the license number before transferring.
Ready to experience a faster, safer way to send money globally? Start your transfer with Panda Remit today.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
