The Best Way to Send Money from Singapore to Malaysia: Panda Remit and TNG Wallet
熊猫速汇PandaRemit - 2025-12-22 17:38:27.0 3
If you're a Malaysian expat living in Singapore and looking for the most cost-effective and efficient way to send money back home, Panda Remit offers a fantastic solution. With its direct transfer to Touch 'n Go (TNG) Wallet, you can ensure fast, secure, and hassle-free payments, all while benefiting from Panda Remit's low fees and strong partnership with TNG. In this post, we'll explore why Panda Remit should be your go-to service for sending money from Singapore to Malaysia.
Why Panda Remit is the Official Choice for Sending Money from Singapore to Malaysia
Panda Remit is one of the best options available when it comes to sending money from Singapore to Malaysia, especially if you want to send money directly to a TNG Wallet. As the official partner of TNG, Panda Remit allows you to transfer funds seamlessly from your Singapore account to a TNG Wallet in Malaysia, all with the added benefit of PayNow support for local payments in Singapore. This integration makes it easy for you to send your monthly allowance to family or loved ones in Malaysia with minimal effort.
Easy and Convenient: Send Money Directly to TNG Wallet
When sending money for monthly allowances, using Panda Remit to send directly to a TNG Wallet is much more convenient than transferring funds to a bank account. Here's why:
- No SWIFT Codes or Long Bank Approval Times: With traditional bank transfers, you'll need to deal with SWIFT codes and sometimes lengthy approval processes. Panda Remit eliminates this hassle by allowing you to send money directly to a TNG Wallet without dealing with bank bureaucracy.
- Instant Transfers: Funds sent through Panda Remit typically arrive in the recipient's TNG Wallet within 2 minutes, offering a level of speed that traditional banks can't match.
- Cost-Effective Fixed Fees: Panda Remit charges a fixed fee for transfers, making it more affordable than competitors that charge percentage-based fees, especially when you're sending larger amounts of money.
Comparison Table: Panda Remit vs. Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Clear and Transparent | Often Hidden/Variable |
| Transfer Speed | Typically within 2 minutes | Can take 1-3 days |
| Ease of Use | Simple, no SWIFT codes | Requires SWIFT code & bank approval |
| Fees | Fixed fee | Variable fees based on amount |
As you can see, Panda Remit offers far superior convenience, speed, and cost transparency compared to traditional banks.
How to Use Panda Remit and TNG App for Transfers
Sending money to TNG Wallet is simple. First, you’ll need to download both the Panda Remit App and the TNG App. After setting up your accounts, follow these easy steps:
- Log in to the Panda Remit app and select 'Send Money to Malaysia'.
- Choose 'TNG Wallet' as the destination for your transfer.
- Enter the amount to send, and confirm the recipient's TNG Wallet details.
- Complete the transaction via PayNow for instant local payment in Singapore.
- The recipient will receive the funds in their TNG Wallet in as little as 2 minutes.
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. It allows for direct transfers to TNG Wallet, ensuring instant transfers and low fixed fees. With Panda Remit, you can send money quickly and cost-effectively without worrying about hidden fees or long delays.
Is it safe to send money to TNG Wallet through Panda Remit?
Yes, it is completely safe to send money to TNG Wallet through Panda Remit. Panda Remit is regulated by the Monetary Authority of Singapore (MAS), ensuring that your money is protected throughout the transfer process. Additionally, Panda Remit guarantees the amount sent will be received by the recipient in full, with no hidden deductions like traditional bank transfers.
What makes Panda Remit more cost-effective than other options?
Panda Remit offers a fixed fee for transfers, unlike competitors who charge percentage-based fees. This is particularly advantageous for larger transfers, such as those exceeding $800 SGD, where the fixed fee is much cheaper compared to percentage-based fees used by competitors like Wise.
Conclusion
If you're looking to send money from Singapore to Malaysia quickly, safely, and cost-effectively, Panda Remit is the ideal solution. Its partnership with TNG Wallet, transparent fees, and fast transfer times make it the go-to choice for Malaysian expats in Singapore. Forget about long bank approval times and hidden fees—opt for Panda Remit for a smooth, digital experience that guarantees your funds arrive in minutes.
