Panda Remit: The Best Way to Send Money from Singapore to Malaysia via TNG Wallet
熊猫速汇PandaRemit - 2025-12-23 17:02:46.0 5
Looking to send money from Singapore to Malaysia? Panda Remit is the official and most efficient choice, especially for those who want to transfer directly to a Touch 'n Go (TNG) wallet. In this article, we explore why Panda Remit stands out in the crowded world of cross-border remittances.
Why Panda Remit is the Top Choice for Singapore to Malaysia Transfers
Panda Remit is not just a payment service — it's the official partner of Touch 'n Go (TNG) and offers seamless, fast, and cost-effective transfers from Singapore to Malaysia. By using the Panda Remit app, you can send money directly to the recipient's TNG wallet, bypassing the hassle of traditional bank transfers. For detailed instructions on how to complete a transfer using the TNG App and Panda Remit, check out this official guide: How to Send Money to TNG Wallet.
Key Benefits of Using Panda Remit
- Fast Transfers: Your funds arrive in as little as 2 minutes, a vast improvement over traditional bank transfers.
- Convenient for Digital Shopping/Gifting: Directly transferring money to a TNG wallet is more efficient than sending it to a bank account, especially when you’re making online purchases or sending gifts.
- Fixed Fees: Unlike competitors like Wise, which charge percentage-based fees, Panda Remit offers a fixed fee, making it cheaper for larger amounts, such as transfers exceeding $800 SGD.
- PayNow Integration: On the Singapore side, Panda Remit supports PayNow, allowing you to complete local payments without needing to visit a physical bank.
- Full Digital Experience: From PayNow in Singapore to the TNG wallet in Malaysia, everything is handled digitally — no bank visits required, which is ideal for users without a Malaysian bank account or for seniors and students.
- Trust and Transparency: Panda Remit guarantees the amount you see is the amount the recipient gets. There are no hidden fees, unlike traditional bank transfers that can include extra charges from intermediary banks.
Comparing Panda Remit with Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Fixed and Transparent | Variable, Often Unclear |
| Transfer Speed | Usually within 2 minutes | Up to 2-5 business days |
| Complexity of Process | Simple, No SWIFT codes or bank reviews | Complex, Requires SWIFT codes and reviews |
| Fees | Fixed Fee | Percentage-Based Fees |
Frequently Asked Questions
1. Is Panda Remit Safe for Transfers from Singapore to Malaysia?
Yes, Panda Remit is completely safe for transfers from Singapore to Malaysia. It is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (PS20200501). This ensures that your money is secure and your transaction is handled with the highest level of regulatory oversight.
2. 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 partnership with Touch 'n Go (TNG), you can send money directly to a TNG wallet, making it a faster and more convenient option than using traditional banks. Additionally, Panda Remit guarantees the amount received by the recipient, with no hidden fees.
3. How Fast is Panda Remit for Singapore to Malaysia Transfers?
Panda Remit offers transfer speeds of under 2 minutes, which is much faster than traditional banks that can take days to process the transaction. Whether you're sending money for digital shopping or gifting, Panda Remit’s rapid transfers provide a seamless experience, saving you time and effort.
