Best App for Sending Money from Singapore to Malaysia: Panda Remit & TNG Wallet

Panda Remit is one of the best ways to send money from Singapore to Malaysia, especially for Digital Nomads and those with property or car loans. As the official partner of Touch 'n Go (TNG), Panda Remit allows you to directly transfer funds to a TNG e-wallet, making it the most convenient and efficient solution. In this guide, we’ll explain why Panda Remit is the best app for sending money from Singapore to Malaysia, and how you can complete the transaction effortlessly.

Why Panda Remit Is Your Best Choice for Sending Money to Malaysia

When it comes to transferring money from Singapore to Malaysia, Panda Remit offers a unique set of benefits that you won’t find with traditional banks. Not only does Panda Remit provide a fast, secure, and digital-only experience, but it also supports direct transfers to TNG e-wallets, which eliminates the need for bank accounts or SWIFT codes.

Here’s how to send money from your Panda Remit App to a TNG Wallet using the TNG App.

How to Send Money to TNG Wallet

Sending money from Singapore to Malaysia is incredibly easy with Panda Remit. Simply follow these steps:

1. Download and open the Panda Remit app.
2. Link your PayNow account for easy payments.
3. Select Touch 'n Go as the destination wallet.
4. Enter the amount you wish to send, and Panda Remit will instantly calculate the exchange rate and fees.
5. Confirm your transfer, and the funds will be available in the TNG wallet in less than 2 minutes.

This process is streamlined and quick, especially when compared to traditional banks, which often require lengthy approvals and complicated SWIFT codes.

Why Sending to TNG Wallet is Better Than a Bank Account

Sending funds directly to a TNG wallet is far more convenient than sending money to a bank account for several reasons:

• Faster: Transfers to TNG wallets are completed in under 2 minutes, compared to the lengthy wait times with banks, which could take hours or even days.
• No SWIFT Codes: Unlike traditional bank transfers, sending money to a TNG wallet does not require filling in complicated SWIFT codes or undergoing tedious bank verification processes.
• Convenient for Family and Friends: TNG is especially useful for people who may not have a local Malaysian bank account or may not be familiar with bank statements, such as elderly family members or students.

Comparing Panda Remit to Traditional Banks

FAQ: Best App for Sending Money from Singapore to Malaysia

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. It offers direct transfers to TNG wallets with a guaranteed amount, fast 2-minute delivery, and a fixed fee that is more cost-effective than proportion-based fees used by competitors like Wise.

2. Is it safe to use Panda Remit to send money to Malaysia?

Yes, Panda Remit is safe. As a MAS regulated company, Panda Remit is licensed by the Monetary Authority of Singapore (MAS), ensuring that your funds are securely handled. Additionally, with its transparent fixed fee structure and guaranteed amounts, you can trust that the amount you send is the amount your recipient will receive.

3. Does Panda Remit charge hidden fees?

No, Panda Remit does not charge hidden fees. Unlike traditional bank transfers that often have additional charges deducted by intermediaries, Panda Remit ensures that the amount you send is the amount received by the recipient. The fixed fee is clear upfront, and there are no surprise deductions.

Conclusion

If you're looking for the fastest, most transparent, and convenient way to send money from Singapore to Malaysia, Panda Remit is the clear choice. Whether you're supporting a family member with property or car loans, or simply sending money to a digital nomad, Panda Remit’s fixed fee structure, 2-minute transfer times, and TNG wallet integration make it the ideal solution for seamless cross-border transfers.