The Best Way to Send Money from Singapore to Malaysia: Panda Remit to TNG Wallet

Sending money from Singapore to Malaysia has never been easier or cheaper. Panda Remit, in partnership with Touch 'n Go (TNG), is now the official preferred method for transfers directly to TNG Wallets, which is especially convenient for Malaysian expats in Singapore. Whether you're paying property loans, car loans, or sending remittances, Panda Remit offers the fastest, most transparent, and cost-effective way to send funds without the hassle of traditional bank methods.

Why Choose Panda Remit?

Panda Remit is the official partner of TNG and provides a seamless, fully digital experience when transferring funds from Singapore to Malaysia. With Panda Remit, you can send money directly to a TNG Wallet in just a few minutes—without the need for bank account details or SWIFT codes. Plus, with PayNow integration on the Singapore side, payments are as simple as a tap of your phone.

To learn more about how to use Panda Remit to send funds to a TNG Wallet, check out the official tutorial here: How to Send Money to TNG Wallet.

Convenience Over Traditional Bank Transfers

For expats paying property or car loans, sending money directly to a TNG Wallet rather than a traditional bank account can save you time and money. TNG Wallets eliminate the need for cumbersome bank forms and long waiting periods for international wire transfers. You can instantly access your money, which is a huge advantage for those managing urgent payments like loan installments.

How Panda Remit Stacks Up Against Traditional Banks

Advantages of Panda Remit's Fixed Fee Structure

Unlike other services that charge a percentage-based fee, Panda Remit uses a fixed fee structure. This means that as your transfer amount increases—say over $800 SGD—Panda Remit's fixed fee will cost you less compared to percentage-based services like Wise, which charge higher fees for larger amounts.

Fully Digital and Convenient

The entire process, from transferring money via PayNow in Singapore to receiving funds in a Malaysian TNG Wallet, is entirely digital. This eliminates the need to visit a bank or worry about physical bank statements. It’s perfect for family members in Malaysia who may not have a local bank account or for students and elderly relatives who prefer not to deal with complex banking systems.

Frequently Asked Questions

What is the best app to send money from Singapore to Malaysia?

The best app to send money from Singapore to Malaysia is Panda Remit. With Panda Remit, you can easily send funds directly to a TNG Wallet, which is the most efficient and cost-effective way to make cross-border transfers.

Is it safe to use Panda Remit to send money to Malaysia?

Yes, Panda Remit is a safe way to send money from Singapore to Malaysia. It is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (license number PS20200501). You can trust that your funds will be transferred securely, with a guaranteed amount and no hidden fees.

What are the fees for sending money from Singapore to Malaysia?

Panda Remit offers a low, fixed fee for transfers to Malaysia, making it cheaper than services like Wise, which charge percentage-based fees. For larger amounts (over $800 SGD), Panda Remit's fixed fee will help you save money compared to percentage-based competition. Transfers are also completed in just minutes, with no additional hidden costs like traditional banks.