The Easiest Way for Malaysian Expats in SG to Send Money to Touch 'n Go Wallet
熊猫速汇PandaRemit - 2025-12-23 16:09:59.0 4
If you are a Malaysian expat in Singapore, you probably face the challenge of sending money back home quickly and easily. Panda Remit offers a seamless solution, especially for those who need to send funds to a Touch 'n Go (TNG) wallet in Malaysia. As TNG's official partner, Panda Remit allows instant SGD to MYR transfers using PayNow. This method is perfect for emergency allowance transfers or for supporting loved ones with their monthly needs.
Gone are the days of filling out complicated forms or waiting days for your money to arrive. With Panda Remit, you can send money directly to a TNG wallet without the hassle of dealing with bank account numbers or SWIFT codes. The process is simple, fast, and reliable.
For a detailed guide on how to make the transfer via TNG App and Panda Remit, check out the official tutorial here: How to Send Money to TNG via Panda Remit.
Why Sending Money to TNG Wallet Is More Convenient Than Bank Transfers
For expats, sending money home for monthly allowances can be a regular task. Whether it’s supporting parents, sending funds for emergency expenses, or helping with important occasions like buying a house, you need a quick and hassle-free option. Here’s why sending money to a TNG wallet beats traditional bank transfers:
- Instant Transfer: With Panda Remit, money reaches the recipient within minutes, compared to traditional bank transfers that may take 1-3 business days.
- No Complicated Bank Details: You don’t need to worry about filling in SWIFT codes or lengthy bank processes. TNG wallet transfers are direct and straightforward.
- Full Digital Experience: From PayNow in Singapore to TNG in Malaysia, everything is done online without visiting any physical bank branches.
Comparison Table: Panda Remit vs Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Fixed rate, no hidden fees | Varies with hidden charges |
| Transfer Speed | Under 2 minutes | 1-3 business days |
| Operational Complexity | Simple: No SWIFT codes required | Complex: Requires SWIFT codes and verification |
How Panda Remit's Fixed Fee Saves You Money
Unlike other services that charge a percentage of the transferred amount, Panda Remit offers a fixed fee, which means the more you send, the more you save. For example, if you need to transfer more than $800 SGD, you’ll find that Panda Remit’s flat fee is significantly cheaper than services like Wise, which charge a percentage.
Additionally, Panda Remit’s transparency means that the amount you send is the amount your recipient will receive, unlike traditional wire transfers where middlemen may deduct fees along the way.
Frequently Asked Questions (FAQ)
1. How can I send money instantly from Singapore to Malaysia?
Yes, you can send money instantly from Singapore to Malaysia using Panda Remit. By using PayNow for local payments in Singapore, your funds will be delivered to the recipient's TNG wallet in under 2 minutes. Panda Remit is a trusted partner of TNG, ensuring fast, secure transactions.
2. How much does it cost to send money to a TNG wallet?
When using Panda Remit, you pay a fixed fee for the transfer, which is usually cheaper than services that charge based on the amount sent. This is particularly beneficial for larger transfers. Plus, there are no hidden fees, so you know exactly how much your recipient will receive.
3. Is Panda Remit regulated in Singapore?
Yes, Panda Remit is regulated by the Monetary Authority of Singapore (MAS), holding a financial license under license number PS20200501. This ensures that your transactions are secure and trustworthy.
For expats, especially those without Malaysian bank accounts or for families with elderly members who may not be familiar with banking processes, sending money via TNG is the best choice. It’s quick, simple, and reliable, providing peace of mind when it’s needed most.
