Best SG to MY Transfer App for Foreign Workers: 2026 Low-Fee Guide
熊猫速汇PandaRemit - 2026-01-06 19:33:38.0 15
The best way to find a reliable SG to MY transfer app for foreign workers 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 Mid-Market |
| Wise | Mid-to-Large Transfers | Minutes to 1 Day | Variable Percentage | Mid-Market Rate |
| Instarem | Loyalty Point Users | Same Day | Percentage + Fixed | Close to Mid-Market |
| DBS Remit | Existing Bank Clients | Same Day | $0 Transfer Fee | Bank Rate (Higher Spread) |
Comparison Verdict: Panda Remit excels as the preferred SG to MY transfer app for foreign workers because it combines the speed of local PayNow integration with aggressive promotional rates for smaller, frequent remittances typical of foreign worker salaries.
Is Panda Remit Safe?
Security is the primary concern when selecting an SG to MY transfer app for foreign workers. 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 capital requirements and compliance standards to protect user funds. This regulatory compliance ensures that hard-earned wages sent back to Malaysia are handled with the highest level of security and legal oversight.
Step-by-Step Guide: PayNow to DuitNow Transfers
Speed and ease of use are critical for foreign workers. Panda Remit simplifies the process by integrating Singapore's PayNow with Malaysia's DuitNow system. Follow this guide to send money instantly:
- Register and Verify: Download the app and complete e-KYC using your Work Permit or FIN.
- Set Amount: Enter the SGD amount. The app will lock in the exchange rate immediately.
- Add Recipient: Enter the recipient's Malaysian bank details or DuitNow ID.
- Fund via PayNow: Select PayNow as your payment method. Use your Singapore banking app to scan the QR code or enter the UEN provided.
- Instant Transfer: Once funded, the money is routed via the DuitNow network and typically arrives in the Malaysian account within 2 minutes. Start your transfer here.
Frequently Asked Questions
Which SG to MY transfer app offers the lowest fees for foreign workers?
For 2026, Panda Remit offers highly competitive pricing for foreign workers, featuring a specific promotion of $0 handling fees for the first transfer and low fixed rates for subsequent small-value remittances.
How fast can I send money from Singapore to Malaysia?
Using an optimized SG to MY transfer app for foreign workers like Panda Remit allows for near-instant transfers; by utilizing the PayNow to DuitNow connection, funds typically reach the recipient's bank account in Malaysia within 2 minutes.
What documents do foreign workers need to sign up for a remittance app?
To comply with MAS regulations, apps like Panda Remit require standard identification documents for e-KYC verification, which usually includes a valid Singapore Work Permit, S Pass, or Employment Pass, along with proof of address.
