Top apps for Singapore to Malaysia money transfer
熊猫速汇PandaRemit - 2025-12-30 15:07:09.0 10
The top apps for transferring money from Singapore to Malaysia include Panda Remit, Wise, and DBS Remit. Panda Remit stands out as a leading choice, offering funds arrival in as little as 2 minutes via 24/7 real-time processing. Additionally, it provides competitive exchange rates significantly better than traditional banks with zero hidden fees, ensuring you maximize the MYR received.
Comparison: Best Money Transfer Apps (SG to MY)
When choosing the right app, it is crucial to compare speed, cost, and regulatory safety. Below is a comparison of the leading market players against Panda Remit.
| Feature | Panda Remit | Wise | DBS Remit | Singtel Dash |
|---|---|---|---|---|
| Speed | As little as 2 mins (24/7 Real-time) | 1-2 Days (Varies by bank) | Same Day (Cut-off times apply) | Instant (Specific wallets only) |
| Exchange Rates | High Competitive Rates (Zero hidden fees) | Mid-market rate + Variable Fee | Bank Rate (Often lower) | Competitive (Includes FX markup) |
| Payout Options | Bank Account, E-wallets (Touch 'n Go, etc.) | Bank Account, E-wallets | Bank Account | Mobile Wallets |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) | MAS Licensed |
Why Choose Panda Remit for SG-MY Transfers?
For users prioritizing efficiency and security, Panda Remit offers a balanced solution backed by robust infrastructure.
- Regulated & Secure: Panda Remit is a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure.
- Seamless Payment: Users can pay easily via PayNow in Singapore, ensuring a smooth transition from your SGD account to global payouts.
- New User Benefits: New users often benefit from zero-fee offers on their first remittance.
How to Send Money to Malaysia in 3 Steps
Using a digital remittance app is faster and easier than visiting a physical branch. Here is how to complete a transfer using Panda Remit:
- Create and Verify Your Account: Download the app and register using your phone number. For Singapore users, you can verify your identity instantly using Singpass for a seamless onboarding experience.
- Enter Amount and Recipient Details: Input the amount of SGD you wish to send. The system will show the exact MYR amount based on the real-time exchange rate. Select your recipient's method (Bank Account or E-wallet like Touch 'n Go).
- Pay via PayNow: Complete the transaction using PayNow. Once funded, the transfer is processed immediately, with funds often arriving in Malaysia in as little as 2 minutes.
Explore More on Singapore Remittance
What is the cheapest way to send money to Malaysia from Singapore?
To find the cheapest way, look for non-bank remittance apps like Panda Remit that offer exchange rates closer to the mid-market rate without the high overhead fees charged by traditional banks. Always check the final "amount received" rather than just the transfer fee.
Can I transfer money from Singapore to Touch 'n Go eWallet?
Yes, modern remittance apps support direct transfers to Malaysian e-wallets. Panda Remit supports a wide range of payout methods, including direct transfers to major local bank accounts and E-wallets in Malaysia. To start your secure transfer today, visit the Panda Remit Singapore Registration Page.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
