The Best Way to Send Money from Singapore to Malaysia: Panda Remit & TNG Wallet
熊猫速汇PandaRemit - 2025-12-22 16:47:24.0 9
Sending money from Singapore to Malaysia has never been easier, especially with Panda Remit, the official partner of Touch 'n Go (TNG) Wallet. As one of the most cost-effective and convenient methods, Panda Remit allows you to transfer money directly to your loved ones’ TNG wallets, ensuring that the process is both seamless and fast. Whether you are sending money to family, friends, or as part of the celebration of traditional festivals, Panda Remit is the optimal choice for cross-border remittance.
Panda Remit provides a unique experience by supporting PayNow for local payments in Singapore, ensuring fast and hassle-free transactions. In this article, we’ll explore why sending money to a TNG Wallet is often better than sending it to a traditional bank account, especially during major festivals. We'll also compare Panda Remit with traditional bank transfers in terms of speed, cost-effectiveness, and ease of use.
Why Panda Remit is the Best Choice for Sending Money from Singapore to Malaysia
For M-Sian commuters, festival goers, and anyone looking to send money quickly and affordably, Panda Remit stands out as the ideal solution. Thanks to its direct transfer to TNG wallets, you bypass many of the frustrations that come with traditional bank transfers, such as SWIFT codes and extended processing times.
Click here to view our official tutorial on how to send money to TNG using Panda Remit and TNG app.
Direct Transfer to TNG Wallets: The Smart Choice for Traditional Festivals
During traditional festivals, families often come together to celebrate and exchange gifts. Sending money to a bank account during such a time may require additional steps such as bank verification, waiting for account details, or dealing with delays. With Panda Remit’s direct deposit to the TNG Wallet, your recipient can immediately access their funds without needing a physical bank card. This makes it an excellent solution for festival remittances, especially for seniors or students who don’t have access to Malaysian bank accounts.
Cost-Effective Comparison: Panda Remit vs Traditional Banks
| Criteria | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Fixed rate, no hidden fees | Variable rate, additional fees |
| Speed | 2-minute arrival | Can take 1-3 days |
| Operation Complexity | Simple, no SWIFT codes | Requires SWIFT code and lengthy approval |
Why Fixed Fee is Better than Percentage Fees
When sending larger amounts (e.g., over $800 SGD), Panda Remit’s fixed fee structure is significantly more cost-effective than percentage-based fee structures of services like Wise. For high-volume transactions, fixed fees help ensure that the recipient receives the full intended amount without additional deductions that would otherwise occur with percentage-based services.
FAQ: Your Questions Answered
What is the best app to send money from Singapore to Malaysia?
The best app for sending money from Singapore to Malaysia is Panda Remit. It offers fast, affordable, and secure transfers to Malaysian TNG wallets with a guaranteed amount. Panda Remit’s fixed fee ensures that no matter how much you send, the recipient gets the exact amount you intended, with no hidden fees.
Is it safe to send money via Panda Remit?
Yes, sending money via Panda Remit is safe. Panda Remit is regulated by the Monetary Authority of Singapore (MAS), holding a valid financial license (license number PS20200501). With its strong regulatory oversight and secure digital process, you can trust Panda Remit to deliver your funds safely to the recipient’s TNG wallet.
How does Panda Remit compare to traditional bank transfers?
Panda Remit is much more efficient and cost-effective than traditional bank transfers. With Panda Remit, you can send money directly to a TNG wallet, which arrives in just 2 minutes, compared to traditional banks that can take up to several days. Plus, Panda Remit uses a fixed fee structure, unlike banks that may charge hidden fees or offer less favorable exchange rates.
Panda Remit offers an all-digital, convenient process for cross-border transfers, eliminating the need for physical bank visits. Whether you're sending money for traditional festivals or regular transfers, Panda Remit is the easiest, most cost-effective solution available. Experience the benefits of quick, transparent, and secure transactions today.
