Why Panda Remit is the Best Option for Sending Money from Singapore to Malaysia via TNG Wallet
熊猫速汇PandaRemit - 2025-12-23 16:00:31.0 7
Sending money to Malaysia from Singapore is easier than ever, thanks to Panda Remit. As an official partner of Touch 'n Go (TNG), Panda Remit offers a fast, secure, and cost-effective solution for Malaysian expats, emergency bill payments, and anyone needing to remit money without a local bank account.
For Malaysian expats living in Singapore, there’s a constant need for reliable and quick remittance options. Whether it’s for sending money home for family needs or covering emergency bills, having a simple and transparent process matters. This is where Panda Remit shines, especially with its support for direct transfers to the TNG Wallet, a popular electronic wallet in Malaysia.
How to Send Money via Panda Remit to TNG Wallet
The process is simple! You can send funds directly to a recipient's Touch 'n Go (TNG) Wallet using the Panda Remit app. Through the official tutorial on Panda Remit’s website, you can find step-by-step instructions to complete the transaction easily using both the TNG app and Panda Remit’s app. The transfer can be done without a local bank account in Malaysia, making it ideal for people who don’t have access to traditional banking services.
Why is Sending Money via TNG Wallet More Convenient for Emergency Bill Payments?
In times of urgent needs, such as paying bills for a family member or covering last-minute expenses, using TNG Wallet through Panda Remit offers an edge over traditional bank transfers. With TNG, you avoid the cumbersome process of entering SWIFT codes or waiting for days for a bank transfer to process. Transfers typically complete in under 2 minutes, ensuring that your funds arrive quickly and efficiently.
| Service | Exchange Rate Transparency | Transfer Time | Transaction Complexity |
|---|---|---|---|
| Panda Remit | Fixed Fee, Transparent Rate | Under 2 minutes | Simple, no SWIFT codes needed |
| Traditional Bank Transfers | Variable, Hidden Fees | Up to several days | Complex, requires SWIFT codes |
Cost Comparison: Fixed Fee vs. Percentage Fee
With Panda Remit, the cost is clear from the start—no hidden fees, and no surprises. Panda Remit uses a fixed fee model, which is especially advantageous when sending larger amounts. For instance, when sending more than $800 SGD, Panda Remit's fixed fee is much more economical than competitors like Wise, which charge based on a percentage of the transfer amount. This ensures that no matter how large your remittance is, you’re always paying a predictable, affordable fee.
The Full Digital Experience: Seamless from PayNow to TNG
From the moment you initiate a PayNow transfer in Singapore to when the funds appear in the recipient’s TNG Wallet in Malaysia, the entire process is fully digital. No need for physical visits to a bank counter, which is particularly helpful for elderly family members or students who might not have access to a local bank account. With Panda Remit, you can manage everything from your smartphone, making it the most efficient option for many.
Frequently Asked Questions
Can I send money to Malaysia without a local bank account in Singapore?
Yes, you can! Panda Remit allows you to send money directly to a Touch 'n Go Wallet in Malaysia without the need for a local bank account. The process is simple and quick, and you’ll avoid the hassle of needing a bank account on the Malaysian side.
How long does it take for my money to reach Malaysia?
Transfers via Panda Remit typically arrive in under 2 minutes! Unlike traditional bank transfers that can take days, Panda Remit ensures fast and efficient remittance, making it ideal for urgent payments.
Is Panda Remit regulated by any authorities?
Yes, Panda Remit is regulated by the Monetary Authority of Singapore (MAS). We hold a financial license (PS20200501), which ensures that your transactions are safe and secure, with full regulatory oversight.
With Panda Remit, you’re not just sending money—you’re sending it with transparency, speed, and confidence. Whether it’s for family support or urgent bill payments, we provide the best remittance experience for Singapore to Malaysia transfers.
