Panda Remit: The Fast and Secure Way to Send Money from Singapore to Malaysia's TNG Wallet
熊猫速汇PandaRemit - 2025-12-23 15:46:14.0 6
Panda Remit is one of the best options for sending money from Singapore to Malaysia, especially if you're looking to transfer funds directly into the Touch 'n Go (TNG) e-wallet. As the official partner of TNG, Panda Remit offers an incredibly seamless experience with fast and secure transfers, perfect for digital nomads and those celebrating traditional festivals. In this guide, we'll show you how easy it is to use Panda Remit for your next transfer and highlight the advantages of using the TNG wallet instead of a traditional bank account.
How to Send Money from Singapore to TNG Wallet Using Panda Remit
To send money from Singapore to Malaysia’s TNG wallet, you can follow these simple steps:
- Download the Panda Remit app and create an account.
- Link your Singapore PayNow account for local payments.
- Choose TNG as your recipient’s wallet option in the app.
- Enter the recipient’s phone number or TNG account details.
- Confirm the amount to send and pay securely using PayNow.
For a more detailed step-by-step tutorial, you can visit Panda Remit’s official guide here: How to Send Money to TNG Wallet via Panda Remit.
Why Use TNG Wallet for Transfers During Traditional Festivals?
During traditional festivals, especially in Malaysia, many people prefer receiving money directly in their e-wallets rather than through traditional bank accounts. This is because it eliminates the need for cumbersome bank procedures, such as SWIFT codes and lengthy bank reviews, which can be particularly frustrating during busy times. With Panda Remit, sending money to a TNG wallet is not only faster but also more convenient—especially for those who don’t have a local Malaysian bank account, like elderly relatives or students.
Comparison: Panda Remit vs. Traditional Banks
| Factor | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Fixed rate with no hidden fees | Subject to fluctuating rates and extra charges |
| Transfer Speed | 2 minutes | Typically 1-3 business days |
| Operation Complexity | Simple app interface, no SWIFT codes | Requires SWIFT codes, bank approvals |
| Fee Structure | Fixed fee, more cost-effective for larger amounts | Variable fees, especially for larger transfers |
As you can see, Panda Remit outshines traditional banking in several key areas—speed, simplicity, and cost. With fixed fees, especially when sending over $800 SGD, Panda Remit is often much cheaper than services like Wise, which charge a percentage-based fee. In addition, the entire process is fully digital, from sending money via PayNow to the recipient's TNG wallet in Malaysia, making it the most efficient choice for those who want to avoid the hassle of physical bank visits or long processing times.
FAQs About Sending MYR from Singapore
What is the best app to send money from Singapore to Malaysia?
The best app for sending money from Singapore to Malaysia is Panda Remit. It offers a fast, secure, and cost-effective way to send funds to a Malaysian TNG wallet, with transfers completed in under 2 minutes. Additionally, as a TNG official partner, it guarantees no hidden fees.
Is it safe to send money through Panda Remit to a TNG wallet?
Yes, sending money through Panda Remit to a TNG wallet is safe. Panda Remit is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (PS20200501), ensuring a secure transaction process. With fixed fees and a guaranteed amount, your funds arrive exactly as expected.
What are the advantages of using Panda Remit over traditional bank transfers?
Panda Remit offers several key advantages over traditional bank transfers: it supports PayNow for local payments, operates with fixed fees for transparency, and guarantees your money will reach the recipient in just 2 minutes. Unlike traditional banks that may charge high fees for large transfers and involve complicated processes, Panda Remit simplifies everything through its fully digital experience.
