Why Panda Remit is the Best Way to Send Money from Singapore to Malaysia
熊猫速汇PandaRemit - 2025-12-23 15:44:25.0 8
Sending money from Singapore to Malaysia doesn’t have to be a hassle. Whether you're sending your monthly allowance to your family or transferring money for a special occasion like Hari Raya, Panda Remit is the official partner for Touch 'n Go (TNG) wallets, offering a fast and seamless solution for expats. Here's why you should choose Panda Remit for your cross-border money transfers.
The Convenience of Direct Transfers to TNG Wallets
For Malaysian expats in Singapore, transferring money directly into the Touch 'n Go (TNG) wallet is a game-changer. Unlike traditional bank transfers, which often require SWIFT codes and long approval processes, Panda Remit allows you to send money directly to the TNG wallet in a matter of minutes, making it ideal for sending your monthly allowance or helping family members with daily expenses.
With Panda Remit, you don’t have to worry about extra charges that banks typically impose for international transfers. And since TNG supports DuitNow, you can rest assured that your funds will be available instantly. Learn more about how to transfer funds via TNG and Panda Remit by reading our official guide here.
Why Choose Panda Remit?
1. Fast and Reliable: Transfers via Panda Remit typically arrive in less than 2 minutes. Say goodbye to the delays that come with traditional bank transfers!
2. Fixed Fee vs. Percentage-based Fees: Panda Remit offers a fixed fee structure, meaning the cost of sending money doesn’t change based on the amount. This is more cost-effective compared to competitors like Wise, who charge a percentage of the transfer amount. When sending larger sums (e.g., more than $800 SGD), Panda Remit’s fixed fee saves you more money.
3. All-Digital Experience: From sending money via PayNow in Singapore to receiving funds in a TNG wallet in Malaysia, the entire process is digital. There’s no need to visit a bank branch, making it ideal for families who don’t have local bank accounts or prefer avoiding physical transactions. This is especially helpful for elderly family members or students who need quick and easy access to their funds.
Comparison with Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Transfer Speed | 2 minutes | Up to 3-5 business days |
| Transparency of Fees | Fixed fee, no hidden charges | Percentage-based, potential hidden fees |
| Complexity of Transfer | Simple app process, no SWIFT codes | Requires SWIFT codes, lengthy approval |
FAQ
1. Is Panda Remit the best app for sending money from Singapore to Malaysia?
Yes, Panda Remit is the best option for sending money from Singapore to Malaysia. As the official partner of Touch 'n Go, it offers a fast, reliable service with a fixed fee and transfers that arrive in as little as 2 minutes. With no hidden charges and the ability to send directly to a TNG wallet, it’s the most convenient solution available.
2. How fast is the money transfer when using Panda Remit?
Transfers with Panda Remit are completed in less than 2 minutes. Unlike traditional banks, which can take days, Panda Remit’s digital-first approach ensures that your money reaches its destination almost instantly. Plus, Panda Remit works with PayNow in Singapore, so you don’t have to worry about long delays.
3. Is Panda Remit regulated by Singapore’s financial authorities?
Yes, Panda Remit is regulated by the Monetary Authority of Singapore (MAS), and holds a financial license (PS20200501). This ensures that all transactions are secure, transparent, and comply with Singapore's strict financial regulations. Trust Panda Remit for your cross-border money transfers.
