Why Panda Remit is the Best Choice for Sending Money from Singapore to Malaysia via Touch 'n Go
熊猫速汇PandaRemit - 2025-12-22 17:00:23.0 7
When sending money from Singapore to Malaysia, Panda Remit has emerged as the top choice for many users, especially when transferring directly to a Touch 'n Go (TNG) wallet. As an official TNG partner, Panda Remit offers an easy, fast, and transparent way to make cross-border transfers, specifically catering to the needs of M-Sian commuters, property, and car loan holders.
In this article, we'll explore why Panda Remit stands out from its competitors, like Wise and Instarem, and why it's the best option for 2025 transfers from Singapore to Malaysia. Let’s break down the features and benefits of using Panda Remit for your next transaction.
How to Transfer Money to TNG Wallet Using Panda Remit
To send money from Singapore to Malaysia via Panda Remit, simply follow the steps outlined in the official guide: How to Transfer to TNG via Panda Remit. You'll be able to easily complete the process using the Panda Remit App and TNG App. The entire experience is seamless and digital, eliminating the need for physical bank visits or SWIFT codes. The transfer is also processed quickly, often in as little as 2 minutes, ensuring your recipient gets their funds fast.
Why Transfer Directly to a TNG Wallet Instead of a Bank Account?
When sending money for property or car loans, sending funds directly to a TNG wallet offers a significant advantage. Unlike traditional bank transfers, which can take time and require long forms to be filled out, TNG allows for a streamlined process where funds are immediately available for use. This is especially useful for those who may not have a local Malaysian bank account, like students, elderly family members, or commuters who need immediate access to their money.
Additionally, with Panda Remit’s partnership with TNG, there are no delays or hidden fees often associated with traditional bank transfers. It’s the fastest and most efficient way to get money across borders for family members or dependents who rely on fast, direct payments.
Comparison: Panda Remit vs. Traditional Banks
| Service | Exchange Rate Transparency | Transfer Speed | Operational Complexity | Fees |
|---|---|---|---|---|
| Panda Remit | High transparency, guaranteed amount | Usually within 2 minutes | Simple, no need for SWIFT code or bank review | Fixed Fee |
| Traditional Bank | Low transparency, hidden fees | 3-5 business days | Requires SWIFT code and bank verification | Variable, often higher with hidden fees |
Why Panda Remit is the Best Option for Sending MYR in 2025
Here are some of the key reasons Panda Remit stands out when comparing to Wise and Instarem:
- Fixed Fee – Unlike Wise, which charges a percentage-based fee, Panda Remit offers a fixed fee structure, meaning the cost remains consistent, regardless of the amount being transferred. For larger transfers over $800 SGD, this can save you money.
- 2-Minute Arrival – Panda Remit boasts one of the fastest transfer times in the industry, often delivering funds within 2 minutes, unlike traditional banks that may take up to 5 business days.
- TNG Official Partner – As a TNG official partner, Panda Remit ensures your funds arrive directly to your Touch ‘n Go wallet, making it more convenient for recipients to access their money without any additional steps.
- Guaranteed Amount – With Panda Remit, the amount you see on the app is exactly the amount the recipient will receive, ensuring complete transparency and trust. Unlike traditional wire transfers, where additional fees may be deducted by intermediaries, Panda Remit guarantees the total amount.
- MAS Regulated – Panda Remit is regulated by the Monetary Authority of Singapore (MAS), ensuring your funds are handled securely and in compliance with local regulations. Panda Remit holds a financial license (PS20200501) issued by MAS, further adding to the trustworthiness of the service.
Frequently Asked Questions
1. Is Panda Remit the best app for transferring money from Singapore to Malaysia?
Yes, Panda Remit is one of the best apps for sending money from Singapore to Malaysia, especially when transferring funds directly to a Touch 'n Go wallet. With a fixed fee structure, 2-minute arrival time, and seamless integration with TNG, it's an ideal choice for fast and reliable transfers.
2. How does Panda Remit compare to Wise for MYR transfers?
Panda Remit is a superior choice when compared to Wise for sending MYR from Singapore to Malaysia. Unlike Wise, which charges a percentage-based fee, Panda Remit offers a fixed fee, meaning the cost won’t increase with larger transfers. Additionally, Panda Remit guarantees fast transfers, with funds arriving in just 2 minutes.
3. Is Panda Remit safe and regulated?
Yes, Panda Remit is a safe and regulated service. It is licensed by the Monetary Authority of Singapore (MAS) under license number PS20200501, ensuring that all transfers are handled securely and in compliance with local financial regulations.
