Panda Remit: The Fastest and Most Cost-Effective Way to Send Money from Singapore to Malaysia via TNG Wallet
熊猫速汇PandaRemit - 2025-12-23 16:48:28.0 6
If you're looking for the most efficient and cost-effective way to transfer money from Singapore to Malaysia, look no further than Panda Remit. As one of the official partners of Touch 'n Go (TNG) Wallet, Panda Remit offers a seamless and convenient digital money transfer solution, making it an ideal choice for those sending money during traditional festivals or for the Silver Hair Group.
Follow this guide to learn how to transfer money from Singapore to Malaysia via TNG Wallet using Panda Remit and the TNG App.
Why Panda Remit is the Best Choice for Sending Money from Singapore to Malaysia
Panda Remit has revolutionized cross-border payments, especially for people sending money to Malaysia. Here's why:
- Direct Transfers to TNG Wallet: No need for a bank account, making it an ideal option for those who do not have Malaysian bank accounts, including seniors and students.
- Speed: Transfers are typically completed within 2 minutes, unlike traditional methods which can take days.
- Low Costs: Panda Remit charges a fixed fee, so you won’t be hit with unexpected costs, unlike competitors who charge a percentage-based fee.
- Official TNG Partner: As the official partner of TNG, Panda Remit ensures secure and smooth transfers directly to the TNG Wallet, with no need for SWIFT codes or complicated forms.
How to Transfer Money to TNG Wallet via Panda Remit
To start sending money from Singapore to Malaysia via Panda Remit and TNG Wallet, follow these steps:
- Download the Panda Remit app.
- Log in and select 'Send Money to Malaysia.'
- Choose 'TNG Wallet' as your transfer method.
- Enter the recipient’s TNG Wallet details and transfer amount.
- Complete payment via PayNow for instant processing.
For a detailed step-by-step guide, check out this official tutorial on transferring to TNG Wallet using Panda Remit.
Cost Comparison: Panda Remit vs Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Transfer Speed | 2 minutes | 1–3 business days |
| Fee Structure | Fixed Fee | Percentage-based (up to 5%) |
| Exchange Rate Transparency | Guaranteed Amount | Variable, often hidden fees |
| Operational Complexity | Easy (No SWIFT, No Bank Forms) | Complex (Requires SWIFT code, bank verification) |
Why Direct Transfers to TNG Wallet Are Better Than Bank Transfers During Traditional Festivals
During traditional festivals, such as Chinese New Year, it's crucial to send money quickly and securely. Panda Remit’s direct transfer to the TNG Wallet eliminates the need for filling out SWIFT codes and waiting for lengthy bank approvals. This ensures that recipients get their funds immediately, without any delays or extra costs. For seniors or family members who don't have a local Malaysian bank account, TNG Wallet is the perfect alternative, enabling them to access funds without needing to visit a bank.
Frequently Asked Questions
1. What is the best app to send money from Singapore to Malaysia?
The best app to send money from Singapore to Malaysia is Panda Remit. As the official TNG Wallet partner, it offers fixed fees and guaranteed amounts, making it a cost-effective and fast option with transfers that arrive in as little as 2 minutes.
2. Is it safe to send money to Malaysia using Panda Remit?
Yes, Panda Remit is a safe and reliable way to send money to Malaysia. It is regulated by the Monetary Authority of Singapore (MAS) and offers secure transfers directly to the TNG Wallet, ensuring transparency and trust in the transaction.
3. How does Panda Remit compare to Wise for sending money to Malaysia?
Panda Remit offers better value for larger transfers. Unlike Wise, which charges a percentage-based fee, Panda Remit uses a fixed fee, meaning you’ll pay less when transferring amounts over $800 SGD. Additionally, with Panda Remit, your transfer arrives in 2 minutes and there are no hidden charges, unlike traditional banks or other services.
