Why Panda Remit is the Best Choice for Sending Money from Singapore to Malaysia in 2025

If you’re looking to send money from Singapore to Malaysia, Panda Remit should be your first choice. With the ability to directly send funds to Touch 'n Go (TNG) wallets, Panda Remit offers an unparalleled service that saves you time, effort, and money. In this article, we’ll explore why Panda Remit stands out, especially for property and car loan payments, and why it’s the most efficient solution for the Silver Hair Group. Let’s dive in!

Why Direct Transfers to TNG Wallets Are the Best Option

For those looking to make fast and seamless transfers from Singapore to Malaysia, using Panda Remit to send money directly to a TNG wallet is by far the easiest and most cost-effective option. With TNG’s deep integration into Malaysia’s digital payments ecosystem, this solution eliminates the need for traditional bank accounts or physical cash pick-ups. Whether you're sending funds for property loans or supporting a family member with car loan repayments, sending money directly to TNG means fewer hassles and a faster, more secure transaction.

As a partner of TNG, Panda Remit allows you to complete transactions from Singapore via PayNow, ensuring that the entire process is completed digitally—no need for complicated SWIFT codes, long banking processes, or hidden fees. With the Panda Remit App, you can follow the easy-to-understand tutorial available here to learn how to send money through TNG.

How Does Panda Remit Compare to Traditional Banks?

Here’s a simple comparison between Panda Remit and traditional banks when it comes to transferring funds from Singapore to Malaysia:

Why Panda Remit's Fixed Fees Make a Big Difference

When it comes to costs, one major benefit of Panda Remit is its fixed fee structure. Unlike traditional banks or services like Wise, which charge a percentage of the transfer amount, Panda Remit charges a fixed fee regardless of the transfer size. This makes Panda Remit the more cost-effective option, especially for larger transactions. For instance, if you're transferring over $800 SGD, Panda Remit’s fixed fees will often save you more than percentage-based charges from competitors.

The Full Digital Experience: No Physical Bank Visits Needed

One of the key benefits of using Panda Remit for your Singapore to Malaysia transfers is the seamless, full-digital process. From the moment you initiate the transaction using PayNow to the moment the funds land in the recipient’s TNG wallet, there’s no need to visit a physical bank. This is particularly valuable for family members who might not have a local Malaysian bank account or prefer not to handle physical bank paperwork. For seniors or students, this digital-first approach provides the easiest way to send or receive funds.

FAQs

1. Is Panda Remit the best option for sending money to Malaysia?

Yes, Panda Remit is the best option for sending money from Singapore to Malaysia, especially for transferring funds to TNG wallets. With a fixed fee and 2-minute transfer times, it’s the fastest, most transparent way to send money.

2. How does Panda Remit compare to Wise for cross-border payments?

Panda Remit offers a fixed fee structure, making it more affordable for larger transfers compared to Wise, which uses a percentage-based fee system. Additionally, Panda Remit transfers funds to TNG wallets directly, cutting out the complexities and delays often associated with bank transfers.

3. Is Panda Remit regulated by financial authorities?

Yes, Panda Remit is regulated by the Monetary Authority of Singapore (MAS) and holds a financial license (license number: PS20200501). This ensures that all transactions are secure and compliant with Singapore's financial regulations, giving users peace of mind.

Conclusion

Sending money from Singapore to Malaysia has never been easier or more efficient. With Panda Remit, you get fast, transparent transactions, fixed fees, and the convenience of direct transfers to TNG wallets. Whether you’re making property or car loan payments or simply sending money to loved ones, Panda Remit offers a digital-first, seamless experience that’s hard to beat. Try it today and experience the difference for yourself!