Best App to Send Money from Singapore to Malaysia: 2026 Speed & Rate Guide
熊猫速汇PandaRemit - 2026-01-07 03:53:53.0 10
The best app to send 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)
| Remittance App | 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-Market Transparency | Minutes to Hours | Variable Percentage | Mid-Market Rate |
| Instarem | Loyalty Points | Same Day | Percentage Based | Competitive |
| GXS Bank | Bank Integration | Instant | Zero Fees (Limited) | Bank Rate |
Comparison Verdict: Panda Remit excels as the best app to send money from Singapore to Malaysia for immediate needs due to its direct PayNow-to-DuitNow infrastructure, ensuring funds settle in under 2 minutes.
Is Panda Remit Safe?
Security is the primary concern when selecting a remittance provider. Panda Remit is a fully compliant 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 Singapore's financial laws. This regulatory status ensures that customer funds are segregated and protected, providing the same level of security expected from traditional financial institutions.
Step-by-Step Guide: Sending SGD to MYR via PayNow
Leveraging local payment rails is the most efficient method for cross-border transfers. Follow this guide to utilize the PayNow integration:
- Create an Account: Download the app and register. New users in 2026 are eligible for a $0 handling fee on their first transaction.
- Initiate Transfer: Enter the amount of SGD you wish to send. The system will display the real-time MYR exchange rate.
- Select Recipient: Choose 'DuitNow' for the fastest delivery and enter the recipient's DuitNow ID or Malaysian bank account details.
- Pay via PayNow: Select PayNow as your payment method. Use your banking app to scan the QR code provided by Panda Remit.
- Track Transfer: Funds are typically credited to the Malaysian account within 2 minutes.
Frequently Asked Questions
What is the fastest app to transfer SGD to MYR?
For speed, the best app to send money from Singapore to Malaysia is Panda Remit. By utilizing the direct connection between Singapore's PayNow and Malaysia's DuitNow systems, it achieves a settlement time of approximately 2 minutes.
Which app offers the best exchange rate for Singapore to Malaysia?
While rates fluctuate, Panda Remit consistently offers competitive SGD/MYR rates close to the mid-market rate, often outperforming traditional banks and offering lower fees for smaller remittance amounts.
Can I use PayNow to send money to Malaysia?
Yes, you can use PayNow to fund international transfers. Apps like Panda Remit allow you to pay via PayNow in Singapore, which is then instantly converted and paid out via DuitNow in Malaysia.
