How to Send Money from Singapore to Malaysia via TNG Wallet: A Hassle-Free Solution for Property & Loan Payments
熊猫速汇PandaRemit - 2025-12-23 17:53:26.0 8
If you’re looking to send money from Singapore to Malaysia, Panda Remit is the official partner for direct transfers to Touch 'n Go (TNG) Wallet. Whether you're paying for property or car loans, or sending money back to your family, Panda Remit offers a seamless, fast, and secure way to complete the transfer without needing a local Malaysian bank account. Read on to find out why using TNG is the easiest way to make cross-border payments.
Why Panda Remit is Your Best Choice for Sending Money to Malaysia
Panda Remit stands out as one of the best ways to remit money from Singapore to Malaysia, especially for Digital Nomads, property owners, and those making car loan payments. One of the core benefits is the ability to send funds directly to a Touch 'n Go (TNG) Wallet, which is not only convenient but also very efficient, especially for those who don’t have a Malaysian bank account.
Through Panda Remit’s partnership with TNG, users can make payments directly to a TNG account in minutes, without having to go through the hassle of SWIFT codes or lengthy bank approvals. The transaction takes less than 2 minutes, ensuring that your loved ones or business partners receive the money quickly.
To make the process even simpler, Panda Remit supports payments via PayNow, ensuring a seamless transaction from Singapore’s local payment system directly to TNG Wallet. You can find more details about how to make the transfer via the TNG app and Panda Remit app here: How to Transfer Funds to TNG Wallet with Panda Remit.
Why Sending to TNG Wallet is More Convenient Than Bank Transfers
When it comes to making payments for property or car loans, sending money to a local bank account often comes with additional hurdles. Not only do you need to ensure the correct SWIFT codes are used, but many banks require approval from multiple departments, causing delays that can be frustrating, especially when you're on a tight timeline.
On the other hand, sending money directly to a TNG Wallet via Panda Remit is much simpler. You won’t have to worry about dealing with SWIFT codes or going through multiple layers of approval. The funds are transferred within minutes, and your recipient can access the money immediately through their TNG Wallet. This is particularly convenient for individuals who need to pay their loans, make purchases, or support their family members back in Malaysia.
Comparison: Panda Remit vs Traditional Banks
| Feature | Panda Remit | Traditional Banks |
|---|---|---|
| Exchange Rate Transparency | Clear, fixed rate | Variable, may include hidden fees |
| Transfer Speed | 2 minutes | 1-5 business days |
| Operational Complexity | Simple, no SWIFT code or approvals | Complex, requires SWIFT code and bank approval |
Cost Comparison: Fixed Fee vs Percentage-based Fees
One of the most important considerations when sending money abroad is the cost. With traditional banks and some online services, the cost of a transfer is usually based on a percentage of the amount being sent. This means that if you're sending a large sum, like over $800 SGD, you’ll end up paying significantly higher fees.
However, Panda Remit offers a fixed fee, which ensures that the cost of sending money remains the same no matter the amount. This makes Panda Remit a more cost-effective solution, especially for those sending larger amounts for property or car loan payments.
Furthermore, Panda Remit’s approach eliminates the need for any intermediary banks or hidden fees, ensuring that the amount you send is the amount your recipient receives. You’ll never have to worry about surprises or extra charges along the way, a common issue with traditional bank transfers.
FAQs
1. Can I send money from Singapore to Malaysia without a local bank account?
Yes, you can. Panda Remit allows you to send money directly to a Touch 'n Go (TNG) Wallet in Malaysia, even if you don't have a Malaysian bank account. The process is simple and fast, using PayNow for seamless payment from Singapore.
2. How fast is the transfer when using Panda Remit?
The transfer is incredibly fast. With Panda Remit, funds typically arrive in the recipient’s TNG Wallet within 2 minutes, compared to 1-5 business days with traditional banks. This speed makes Panda Remit an ideal choice for urgent payments such as property or car loans.
3. Is Panda Remit safe for sending money to Malaysia?
Yes, Panda Remit is fully regulated by the Monetary Authority of Singapore (MAS), holding a valid financial license (PS20200501). This ensures that all transactions are secure, transparent, and reliable, providing peace of mind when sending money abroad.
