Why Panda Remit is the Best Way to Send Money from Singapore to Malaysia’s TNG Wallet
熊猫速汇PandaRemit - 2025-12-23 16:44:42.0 6
Panda Remit is one of the top choices for sending money from Singapore to Malaysia’s Touch 'n Go (TNG) wallet. With its user-friendly app and impressive features, Panda Remit ensures you can send funds quickly, securely, and at no additional cost. Plus, as the official partner of TNG, it offers unparalleled advantages for those looking to transfer money from Singapore to Malaysia.
How Does Panda Remit Work with TNG Wallet?
Sending money to a TNG wallet is incredibly easy with Panda Remit. The app allows you to send funds directly to the TNG wallet from Singapore with just a few simple steps. You can complete the process without the need to fill out SWIFT codes or go through lengthy bank verifications, making it much simpler than traditional bank transfers. For a step-by-step guide, visit the official tutorial here to learn how to transfer using the TNG App and Panda Remit App.
Why is Sending to TNG Wallet Better Than Bank Transfers?
When you are sending money for property or car loans, or simply to help family members, sending money directly to a TNG wallet offers significant advantages. First, TNG wallets are incredibly convenient for recipients who may not have a Malaysian local bank account or prefer a digital wallet for quick access to funds. Unlike traditional bank transfers, which often require SWIFT codes and can take several days to clear, sending money to TNG ensures the funds arrive in just 2 minutes.
Comparing Panda Remit with Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Transfer Speed | 2 minutes | 1-3 business days |
| Fees | Fixed Fee | Variable Fees (up to 5%) |
| Exchange Rate Transparency | Clear & Transparent | Often hidden with extra charges |
| Ease of Use | Fully Digital, No Bank Branches | Complex forms and verification required |
| Guaranteed Amount | Exact amount shown is received | Possible deductions by intermediary banks |
Frequently Asked Questions (FAQs)
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. With its 2-minute transfer time, fixed fees, and direct integration with TNG wallets, it's the most efficient and cost-effective solution for cross-border transfers.
2. Is Panda Remit safe for sending money to Malaysia?
Yes, Panda Remit is safe for sending money to Malaysia. The app is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (PS20200501), ensuring that all transactions are secure and transparent.
3. How do I avoid high transfer fees when sending money to Malaysia?
Panda Remit offers a fixed fee structure, meaning you’ll pay a set amount for each transfer, no matter how large the transaction. This is particularly beneficial compared to apps like Wise, which charge fees based on a percentage of the transfer amount. For larger transfers (over $800 SGD), Panda Remit’s fixed fee is significantly more cost-effective.
Why Choose Panda Remit?
Panda Remit offers a seamless digital experience for sending money from Singapore to Malaysia. From PayNow transfers in Singapore to direct deposits into TNG wallets in Malaysia, the entire process is entirely digital, eliminating the need for physical bank visits. This is particularly beneficial for those who don’t have access to a Malaysian local bank account, like elderly family members or students. With Panda Remit, the amount you see is the amount your recipient gets—no hidden fees or surprise deductions from intermediary banks.
