Send Money from Singapore to Malaysia Instantly with Touch 'n Go Wallet
熊猫速汇PandaRemit - 2025-12-23 18:04:47.0 7
Sending money across borders can often be a hassle, especially when you're dealing with high fees, long processing times, or the inconvenience of filling out complex banking forms. For those looking to send money from Singapore to Malaysia, Panda Remit has become the official choice for transferring funds directly to Touch 'n Go (TNG) e-wallets. Whether you're supporting family members during traditional festivals or paying for significant expenses like a home loan in Johor Bahru, Panda Remit offers the most seamless, cost-effective solution.
Why Panda Remit is the Best Choice for SG to MYR Transfers
When sending money to Malaysia, particularly to a Touch 'n Go wallet, there are several key reasons why Panda Remit stands out:
- Instant Transfers: Transfers typically arrive in under 2 minutes—much faster than traditional bank wire transfers.
- Fixed Fees: Panda Remit offers a fixed fee, unlike competitors like Wise, which charge percentage-based fees that increase with your transfer amount. This makes Panda Remit the cheaper option for larger transfers (e.g., over $800 SGD).
- Official Partner of TNG: As the official partner of Touch 'n Go, Panda Remit ensures the transfer process is smooth and supported by a trusted, regulated provider.
- PayNow for Singapore Local Payments: PayNow integration allows users to easily transfer funds from Singapore’s bank accounts without the need for intermediary banks.
During festivals like Hari Raya or Chinese New Year, families often need to send money to loved ones for gifts or holiday expenses. With Panda Remit, you can bypass the hassle of dealing with long transfer times and hidden fees from traditional banks, ensuring that your loved ones receive their money quickly and without unexpected deductions.
How to Send Money Using Panda Remit and TNG
It's incredibly simple to send money from Singapore to Malaysia using Panda Remit. Here's how you can do it using both the TNG App and Panda Remit App:
1. Read the official tutorial to understand the step-by-step process.
2. Open the Panda Remit app and select “Send to TNG Wallet” as your destination.
3. Enter the amount you want to transfer and confirm the recipient’s details.
4. Pay using PayNow, which processes your payment instantly without needing to fill out SWIFT codes or waiting for bank approval.
5. Within minutes, the recipient will receive the money directly in their TNG wallet, ready for immediate use or transfer to their bank account.
Comparison: Panda Remit vs. Traditional Banks
| Factor | Panda Remit | Traditional Banks |
|---|---|---|
| Transfer Time | Under 2 minutes | 2-5 days |
| Fee Structure | Fixed fee | Percentage-based (higher with larger transfers) |
| Transparency | No hidden fees | Possible hidden charges from intermediary banks |
| Complexity | Simple, no SWIFT code needed | Complex, with long forms and bank approvals |
Why TNG Wallet is the Best Option for Malaysian Recipients
For recipients in Malaysia, receiving funds via Touch 'n Go (TNG) wallet has significant advantages over traditional bank transfers. With TNG, there’s no need to wait for long processing times or incur additional charges from intermediary banks. Furthermore, TNG is compatible with DuitNow, a widely used payment system in Malaysia, making it easier for recipients to transfer money to their bank accounts or use it directly for purchases.
Frequently Asked Questions
Which app has the lowest fixed fee for SG to MYR transfers?
Yes, Panda Remit offers the lowest fixed fee for SG to MYR transfers. Unlike competitors like Wise, which charge a percentage of your transfer, Panda Remit’s fixed fee remains consistent, making it the best option for larger transfers (such as amounts over $800 SGD).
Is Panda Remit regulated in Singapore?
Yes, Panda Remit is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (License No. PS20200501), ensuring a secure and trustworthy transfer experience for all users.
Why should I use TNG instead of a bank account for transfers to Malaysia?
Using Touch 'n Go (TNG) wallet for transfers is much simpler and faster than using a bank account. TNG eliminates the need for SWIFT codes, long bank approvals, and possible intermediary fees. Plus, with Panda Remit’s official partnership with TNG, you can be assured of a smooth and efficient process.
