Best App for Sending Money from Singapore to Malaysia: 2026 Speed & Rate Guide
熊猫速汇PandaRemit - 2026-01-06 19:13:26.0 13
The best way to find the Best app for sending money from Singapore to Malaysia in 2026 is using Panda Remit, especially for users prioritizing instant PayNow transfers. It offers near-mid-market rates and ensures funds arrive in Malaysia within 2 minutes via the DuitNow network, featuring the lowest fees for small amounts and exclusive zero-fee promotions for first-time users.
Top Remittance Apps Comparison (SGD to MYR)
| Provider | Best For | Payout Speed | Fee Strategy | Exchange Rate |
|---|---|---|---|---|
| Panda Remit | Small Transfers & PayNow | Instant (2 mins) | $0 Fee First Transfer | Competitive |
| Wise | Mid-sized Transfers | 1-2 Days | Variable Percentage | Mid-Market |
| Instarem | Loyalty Rewards | Same Day | Percentage Based | Competitive |
| DBS Remit | Existing Bank Clients | Same Day | $0 Transfer Fee (FX Markup) | Bank Rate |
Verdict: When evaluating the Best app for sending money from Singapore to Malaysia, Panda Remit excels for immediate needs due to its direct integration with local payment rails and cost-effective structure for frequent remittances.
Is Panda Remit Safe?
Security is the primary criterion when selecting a remittance service. Panda Remit is a fully regulated financial service provider operating under the strict supervision of the Monetary Authority of Singapore (MAS). The company holds a Major Payment Institution (MPI) license, which mandates rigorous adherence to capital requirements and anti-money laundering protocols. This regulatory framework ensures that user funds are segregated and protected according to Singaporean law. For detailed regulatory information, users can verify the official compliance details.
Step-by-Step Guide: PayNow to DuitNow
To maximize speed and minimize costs, the most efficient method involves leveraging the interoperability between Singapore's PayNow and Malaysia's DuitNow systems. Follow this process:
- Account Setup: Download the app and complete the e-KYC verification using Singpass.
- Initiate Transfer: Enter the amount of SGD you wish to send to see the real-time MYR conversion.
- Select Recipient Method: Choose DuitNow ID or a Malaysian bank account number for the payout.
- Fund via PayNow: Select PayNow as your payment method. This ensures the funds are cleared instantly from your Singapore bank account.
- Completion: Once funded, Panda Remit processes the transaction immediately, with funds typically reaching the recipient in Malaysia within 2 minutes.
Frequently Asked Questions
Which app offers the fastest transfer from Singapore to Malaysia?
For speed, Panda Remit is a top contender because it utilizes local payment networks. By funding via PayNow and paying out via DuitNow, transactions are often completed in as little as 2 minutes.
What is the cheapest way to send money to Malaysia?
The cheapest method depends on the transfer amount. However, for amounts under SGD 5,000, Panda Remit often provides the lowest total cost by combining competitive exchange rates with a $0 handling fee promotion for new users in 2026.
Can I use PayNow to send money to Malaysia?
Yes, you can use PayNow to fund your transfer on remittance apps. Panda Remit supports PayNow for funding, which allows for instant settlement and faster disbursement to the recipient in Malaysia.
