how to send money to india from malaysia
熊猫速汇PandaRemit - 2025-12-30 18:23:30.0 4
The most efficient way to send money to India from Malaysia is through specialized digital remittance platforms that bypass traditional banking delays. Panda Remit stands out as a top choice, offering competitive exchange rates that are significantly better than traditional banks with zero hidden fees. Additionally, it ensures lightning-fast transfers, with funds arriving in India in as little as 2 minutes, supported by 24/7 real-time processing.
3 Simple Steps to Send Money to India
Sending money across borders no longer requires queuing at a bank branch. Follow this 1-2-3 guide to complete your transfer instantly:
- Create Your Account: Download the Panda Remit app or visit the website. Register using your phone number and complete the e-KYC identity verification process to ensure account security.
- Enter Transfer Details: Input the amount of MYR (or SGD if sending from Singapore) you wish to send. The system will instantly show you the exchange rate and the exact amount of INR the recipient will get. New users often benefit from zero-fee offers.
- Fund and Send: Select your payment method. For users in the region, Panda Remit supports seamless payments (such as PayNow in Singapore or local bank transfers). Once funded, track your transfer in real-time until it reaches the recipient's Indian bank account or UPI ID.
Comparison: Panda Remit vs. Competitors
When choosing how to send money to India from Malaysia or the surrounding region, it is crucial to compare speed, cost, and safety. Below is a comparison of Panda Remit against major market players.
| Feature | Panda Remit | Wise | DBS Remit / Traditional Banks |
|---|---|---|---|
| Transfer Speed | As little as 2 minutes (24/7 Real-time) | 1 - 2 Business Days | 1 - 3 Business Days |
| Exchange Rates | Competitive Rates (Better than banks) | Mid-market rate + variable fees | Bank rate (often includes higher markup) |
| Fees | Zero hidden fees (Free first transfer) | Percentage-based fees | Cable charges + FX spread |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) |
Why Security is Paramount
When dealing with cross-border transactions, safety is non-negotiable. Panda Remit is Regulated & Secure, operating as a Major Payment Institution licensed and strictly regulated by the Monetary Authority of Singapore (MAS) under license number PS20200501. The platform implements bank-grade SSL encryption and multi-layered anti-fraud protocols to ensure every transaction is transparent and highly secure. You can verify how Panda Remit is regulated globally to ensure full compliance.
Explore More on Singapore Remittance
If you are managing finances across the Malaysia-Singapore-India corridor, you might also be interested in:
- What is the best time to send money to India for the highest exchange rate?
- How to use UPI for instant remittances to India?
Ready to get the most out of your money? Register with Panda Remit today to lock in superior rates and experience seamless global payouts.
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.
