Panda Remit: The Best Way to Send Money from Singapore to Malaysia's TNG Wallet
熊猫速汇PandaRemit - 2025-12-23 14:44:33.0 7
When it comes to transferring money from Singapore to Malaysia, Panda Remit stands out as one of the top choices, especially when sending funds directly to the Touch 'n Go (TNG) Wallet. Whether you're a parent supporting your child's education, shopping for digital gifts, or sending money to loved ones, Panda Remit offers a seamless and efficient solution.
With its partnership with TNG, Panda Remit allows for instant, transparent, and low-cost transfers. In this article, we will explain why Panda Remit is the preferred choice for sending money to Malaysia, its technical advantages, and how you can get started today.
Why Choose Panda Remit for Singapore to Malaysia Transfers?
Panda Remit is TNG's official partner, which means you can send funds directly to a TNG Wallet, eliminating the need for a traditional bank transfer. Using Panda Remit, you can enjoy a fully digital experience from the moment you send money to when it arrives in the recipient's wallet — all in under 2 minutes. This is particularly useful for parents sending funds to students or anyone who needs to transfer money quickly and securely.
To transfer funds, simply follow the instructions on Panda Remit's official tutorial, which guides you through the process of sending money via the TNG app and Panda Remit app. The process is smooth, with no need to deal with the complexities of bank SWIFT codes or long approval times typical of traditional bank transfers.
Key Advantages of Panda Remit
- Fixed Fee Structure: Unlike percentage-based fees from competitors like Wise, Panda Remit offers a fixed fee. This makes it more cost-effective, especially for larger transfers (over $800 SGD), where the savings can add up significantly.
- 2-Minute Arrival: Traditional bank transfers can take several hours or even days. Panda Remit guarantees that your transfer will arrive in the recipient's TNG Wallet in as little as 2 minutes.
- No SWIFT Codes or Bank Delays: Sending money directly to a TNG Wallet bypasses the traditional banking system. No need to fill out complicated forms or wait for bank approvals — everything happens digitally.
- MAS Regulated: Panda Remit is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (License No: PS20200501), ensuring a secure and trustworthy service.
Why Direct Transfers to TNG Wallet Are Better for Digital Shopping & Gifting
For digital shopping or gifting, sending money to a TNG Wallet is far more convenient than transferring to a bank account. The recipient can access their funds instantly via the TNG app, which supports various digital services such as shopping, paying bills, and topping up mobile data. This flexibility is particularly beneficial for students or elderly family members who might not have easy access to a Malaysian bank account.
Comparison Table: Panda Remit vs. Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Transfer Speed | 2 minutes | Several hours to days |
| Fee Structure | Fixed Fee | Percentage-based fees |
| Transfer Complexity | No SWIFT code, fully digital | Requires SWIFT code, lengthy approval |
FAQ: Frequently Asked Questions
1. What is the best app for sending money from Singapore to Malaysia?
The best app for sending money from Singapore to Malaysia is Panda Remit. As a TNG official partner, it allows for fast and secure transfers directly to a TNG Wallet in just 2 minutes. With its fixed fee structure and guaranteed amount, it offers a transparent and affordable solution compared to traditional banks.
2. Is it safe to send money via Panda Remit?
Yes, it is safe to send money via Panda Remit. Panda Remit is regulated by the Monetary Authority of Singapore (MAS), holding a financial license (License No: PS20200501). With a fixed fee, 2-minute arrival, and secure transfer to TNG Wallets, Panda Remit offers a reliable and trustworthy service for your money transfers.
3. How does Panda Remit compare to Wise for sending money from Singapore to Malaysia?
Panda Remit is a better option than Wise for sending money from Singapore to Malaysia. Unlike Wise, which charges percentage-based fees, Panda Remit offers a fixed fee, ensuring that larger transfers (over $800 SGD) are more cost-effective. Additionally, Panda Remit guarantees a 2-minute arrival, while Wise can take longer to process transfers.
