Send Money from Singapore to Malaysia with Panda Remit: Fast, Transparent, and Easy via TNG Wallet

When looking to transfer money from Singapore to Malaysia, Panda Remit stands out as one of the official and most convenient options. With support for direct transfers to the Touch 'n Go (TNG) wallet, you can ensure a fast and efficient transaction, especially during traditional festivals or busy commuting periods. In this article, we'll explain how to send money quickly, compare costs, and highlight the advantages of using Panda Remit for your transfers.

Why Choose Panda Remit for Your Singapore to Malaysia Transfer?

Panda Remit is a TNG Official Partner, which makes it a top choice for transferring funds directly to your TNG wallet. Unlike traditional bank transfers that might take hours or even days, Panda Remit ensures that your money is transferred in as little as two minutes. The entire process is simple, and the fees are transparent and competitive. Plus, it supports local payments via PayNow, making it hassle-free for users in Singapore.

How to Transfer Money Using Panda Remit and TNG

Using Panda Remit to transfer money from Singapore to Malaysia is straightforward. Simply follow the steps outlined in this official guide to send funds directly to your TNG wallet. The process involves opening the Panda Remit app, selecting PayNow for your local payment in Singapore, and transferring funds to the TNG wallet in Malaysia. This simple process eliminates the need for SWIFT codes and long waiting times typical of bank transfers.

Advantages of Using TNG Wallet During Traditional Festivals

During traditional festivals in Malaysia, such as Chinese New Year, families often need to send money quickly. Directly transferring funds to the TNG wallet is more convenient than sending money to a bank account. With TNG, the recipient can access the funds instantly, without waiting for bank processing times. This is especially useful for people who don’t have local Malaysian bank accounts or for elderly family members who may find it difficult to handle physical bank transactions.

Cost Comparison: Panda Remit vs Traditional Banks

Panda Remit offers a significant advantage in terms of fee transparency and ease of use. Unlike traditional banks that charge a percentage-based fee, Panda Remit uses a fixed fee model. This is especially advantageous for larger transfers — when sending over $800 SGD, Panda Remit saves you money compared to services like Wise, which charges a fee based on the amount transferred.

The Full Digital Experience: Transfer Without Physical Bank Visits

Panda Remit offers a fully digital transfer experience. From using PayNow in Singapore to sending funds directly to a TNG wallet in Malaysia, the entire process can be completed online without the need for physical visits to a bank. This is particularly useful for people who do not have a local Malaysian bank account or those who find it difficult to manage bank statements, such as elderly family members or students.

Frequently Asked Questions (FAQ)

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 supports fast, secure transfers directly to the TNG wallet, with a fixed fee structure and a guaranteed amount that arrives in as little as two minutes.

2. Is it safe to transfer money via Panda Remit?

Yes, transferring money via Panda Remit is completely safe. Panda Remit is MAS-regulated, holding a financial license issued by the Monetary Authority of Singapore (MAS), license number PS20200501. This ensures a secure and trustworthy transfer experience.

3. How does Panda Remit compare to traditional banks in terms of fees?

Panda Remit offers a much more cost-effective solution compared to traditional banks. Unlike banks that charge a percentage-based fee, Panda Remit uses a fixed fee, meaning you won’t have to worry about hidden charges as your transfer amount increases.

By using Panda Remit, you can trust that the amount you see is the amount your recipient will receive. With Panda Remit, there are no middleman deductions like those often encountered with traditional bank transfers.