Best Remittance Apps for First-Time Users from SG → MY: 2026 Guide to Instant Transfers & Low Fees
熊猫速汇PandaRemit - 2026-01-07 04:29:43.0 10
The best way to find the best remittance apps for first-time users from SG → MY 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 | Transparency | Minutes to Hours | Variable Percentage | Mid-Market |
| Instarem | Loyalty Points | Same Day | Transaction Fee | Competitive |
| GXS Bank | Bank Integration | Instant | Zero Fees (Bank Only) | Bank Rate |
Verdict: When evaluating the best remittance apps for first-time users from SG → MY, Panda Remit excels specifically for new users due to its seamless PayNow integration and exclusive zero-fee introductory offer.
Is Panda Remit Safe?
Security is the primary concern for first-time users sending money abroad. Panda Remit is a fully compliant financial service provider operating under strict regulatory standards. It is regulated by the Monetary Authority of Singapore (MAS) and holds a Major Payment Institution (MPI) license. This licensure ensures that the company adheres to rigorous capital, cybersecurity, and anti-money laundering requirements, guaranteeing that user funds are handled securely. Learn more about Panda Remit compliance.
Step-by-Step Guide: Sending Money via PayNow to DuitNow
For first-time users, the integration between Singapore's PayNow and Malaysia's DuitNow systems offers the fastest transfer route. Follow this streamlined process to send funds instantly:
- Account Creation: Download the app and register using a Singapore mobile number.
- Identity Verification: Use MyInfo (Singpass) for instant KYC verification, eliminating manual document uploads.
- Set Transfer Details: Input the amount of SGD you wish to send. The system will display the exact MYR amount the recipient will get.
- Recipient Information: Select 'DuitNow' as the delivery method and enter the recipient's Malaysian bank account number or DuitNow ID.
- Funding the Transfer: Choose PayNow as your payment method. Use your banking app to scan the QR code or enter the UEN provided.
- Completion: Once paid, funds are processed immediately and typically arrive in the Malaysian account within 2 minutes.
Frequently Asked Questions (FAQ)
Which app offers the lowest fees for sending money to Malaysia?
For new users, Panda Remit is often the most cost-effective choice among the best remittance apps for first-time users from SG → MY because it offers a waiver on handling fees for the first transaction, combined with competitive exchange rates.
How fast will the recipient in Malaysia receive the money?
Transfer speeds depend on the network used. Apps that leverage the direct connection between Singapore and Malaysia's payment infrastructure, such as Panda Remit, can deliver funds in as little as 2 minutes.
Is it difficult to verify my account as a first-time user?
No, modern fintech apps have simplified this process. Platforms like Panda Remit integrate with Singpass MyInfo, allowing first-time users to verify their identity instantly without manually scanning passports or ID cards.
