How to Send Money from Singapore to Malaysia with Ease Using Touch 'n Go

If you're living in Singapore and need to send money to family or friends in Malaysia, you know how crucial it is to have a fast, safe, and cost-effective method. Panda Remit is one of the official partners for sending money directly to Malaysia's Touch 'n Go (TNG) wallet, making it the go-to solution for fast transfers. This guide will walk you through the process, its advantages, and answer your common questions about Panda Remit, especially for Malaysian expats in Singapore needing to make emergency bill payments.

Why Panda Remit is the Best Choice for Sending Money to Malaysia

Sending money from Singapore to Malaysia has never been more straightforward. Panda Remit offers a solution that directly deposits funds into the Touch 'n Go wallet, eliminating the hassle of traditional bank transfers. This service is especially useful for emergency bill payments, whether you're helping family back home or settling your own urgent financial matters.

In addition to being user-friendly, Panda Remit is a MAS regulated service, ensuring a high level of security and trust. Furthermore, it offers instant transfers – your funds are typically delivered within 2 minutes, which is a significant advantage over traditional bank transfers that can take days.

How Does Panda Remit Work with Touch 'n Go?

Sending money from Singapore to Malaysia’s Touch 'n Go wallet is simple. You can follow this official guide to complete the process. First, download the Panda Remit app, and then link your PayNow account for local payments. After that, choose Touch 'n Go as your recipient's wallet. The process is seamless and doesn't require the complicated SWIFT codes that banks often demand.

Advantages Over Traditional Bank Transfers

When it comes to emergency bill payments, Panda Remit's ability to transfer money directly into a Touch 'n Go wallet is far more convenient than a traditional bank transfer. Here are the key reasons:

• Speed: Transfers are completed in under 2 minutes, unlike bank transfers that can take 1-3 business days.
• Simplicity: With Panda Remit, you don’t need to fill out lengthy forms or wait for bank approval. It’s all done digitally, with just a few taps.
• Fixed Fees: Unlike competitors like Wise, which charge a percentage of the transfer amount, Panda Remit uses fixed fees, which means you pay the same low rate no matter how much you send. For larger amounts (like $800 SGD or more), Panda Remit saves you more money.

Comparison: Panda Remit vs Traditional Banks

Frequently Asked Questions (FAQ)

Is Panda Remit safe and regulated by MAS?

Yes, Panda Remit is fully regulated by the Monetary Authority of Singapore (MAS). It holds a valid financial license (PS20200501) issued by MAS, ensuring the highest level of security for all transactions. This regulation gives users peace of mind, knowing that their funds are safe and the process is transparent.

How fast are the transfers with Panda Remit to Touch 'n Go?

Transfers via Panda Remit are completed in under 2 minutes, a significant advantage compared to traditional bank transfers which can take days. This makes it an excellent choice for emergency bill payments or sending money quickly to loved ones.

What makes Panda Remit different from other remittance services?

Panda Remit stands out because it offers a fixed fee structure, unlike services like Wise, which charge based on the transfer amount. With Panda Remit, you know exactly how much you’re paying for each transfer, which is especially beneficial for larger amounts. Additionally, as an official partner of Touch 'n Go, Panda Remit allows you to send money directly to TNG wallets, offering a seamless, digital experience with no physical bank interaction required.

Conclusion

If you’re a Malaysian expat in Singapore looking for a quick, secure, and cost-effective way to send money home, Panda Remit is your best option. Whether you're helping family with emergency bills or sending money for everyday expenses, the ability to send directly to a Touch 'n Go wallet provides unparalleled convenience. Plus, with fixed fees and instant transfers, Panda Remit offers unmatched value. Sign up today to experience a fully digital, efficient transfer process.