Why Panda Remit is the Best Way to Send Money from Singapore to Malaysia with TNG Wallet
熊猫速汇PandaRemit - 2025-12-22 16:32:34.0 8
When sending money from Singapore to Malaysia, Panda Remit stands out as one of the official and most reliable options. Thanks to its partnership with Touch 'n Go (TNG), you can transfer funds directly to your TNG wallet in just minutes. Whether you're a commuter, shopping online, or gifting to loved ones, Panda Remit offers a faster, more transparent, and easier way to send money across borders without the hassle of traditional banking methods.
Why Choose Panda Remit for Your Singapore to Malaysia Transfers?
Panda Remit allows users to send money directly to the TNG wallet in Malaysia, a feature that is increasingly important for many, especially digital shoppers and frequent travelers. By using the Panda Remit app and Touch 'n Go app, users can experience the benefits of:
- Fixed Transfer Fees: Unlike other services that charge based on a percentage of the amount, Panda Remit offers a fixed fee, ensuring transparency and predictable costs. When transferring larger amounts, this fixed fee can save you money compared to platforms like Wise that use percentage-based charges.
- Speed: Transfers made through Panda Remit typically arrive within 2 minutes, making it an incredibly fast way to send money. Traditional bank transfers can take hours or even days, and they often involve complicated SWIFT codes and lengthy approval processes.
- Digital Experience: Panda Remit provides a full digital experience, allowing transfers from Singapore's PayNow system directly to the recipient’s TNG wallet in Malaysia. This completely paperless process eliminates the need for bank visits or waiting in line, making it especially ideal for people who do not have a local Malaysian bank account or who are sending money to family members like elderly parents or students.
How to Send Money from Singapore to Malaysia Using Panda Remit and TNG
Sending money from Singapore to Malaysia with Panda Remit is straightforward and fast. Here's how:
- Download and install the Panda Remit app from your app store.
- Link your PayNow account to the Panda Remit app.
- Choose Touch 'n Go as your transfer destination in the app.
- Enter the recipient’s phone number linked to their TNG wallet.
- Confirm the amount and proceed with the payment.
For a more detailed tutorial, you can visit Panda Remit's official guide here: Panda Remit’s Official TNG Guide.
Transfer Fee Comparison
| Service | Fee Structure | Transfer Time | Exchange Rate Transparency | Complexity |
|---|---|---|---|---|
| Panda Remit | Fixed Fee | 2 minutes | High | Simple, no SWIFT codes or bank reviews |
| Traditional Banks | Percentage-Based Fee | Varies (up to several days) | Low | Complex, requires SWIFT codes and lengthy reviews |
Frequently Asked Questions
1. What is the best app for transferring money from Singapore to Malaysia?
The best app for transferring money from Singapore to Malaysia is Panda Remit. It offers a fixed fee, guarantees that your money arrives in the recipient's TNG wallet within 2 minutes, and is a Touch 'n Go official partner, ensuring a reliable and secure transfer process.
2. Is it safe to use Panda Remit for sending money to Malaysia?
Yes, it is completely safe to use Panda Remit. The service is MAS regulated, which means it operates under the oversight of the Monetary Authority of Singapore. Panda Remit holds a financial license from MAS (License No. PS20200501), ensuring a secure and trustworthy transaction every time.
3. Why is sending money via TNG wallet more convenient than transferring to a bank account?
Sending money via TNG wallet is more convenient because you can avoid the complications of traditional bank transfers. With Panda Remit, the transfer is digital from start to finish, eliminating the need to fill out SWIFT codes, wait for bank approvals, or deal with long delays. Additionally, transfers are made instantly, and there are no hidden fees or exchange rate issues that can arise with traditional banks.
