Best SG → MY Apps for Instant Transfers: Supporting Family in Malaysia

Sending money to support family members or children in Malaysia is a common need for many Singaporeans. Whether you're providing for loved ones or helping your children manage living expenses, ensuring fast, secure, and cost-effective cross-border remittance is crucial. In 2025, many remitters are turning to digital apps for their convenience, low fees, and speed. This article explores the best SG → MY apps for instant transfers, with a comparison between popular options such as BigPay and Panda Remit.

Remittance Options Overview

In Singapore, individuals looking to send money to Malaysia typically have several options: traditional bank transfers, telegraphic transfers, and modern remittance apps. While banks and wire transfers are reliable, they often come with higher fees and slower processing times. On the other hand, remittance apps offer a faster, more flexible solution with lower fees. Many users today prefer mobile-based remittance apps as they provide instant transfers and competitive exchange rates. In this article, we will focus on two popular remittance apps for Singaporeans—BigPay and Panda Remit—and examine how they perform in the context of supporting family members or children in Malaysia.

App Comparison: BigPay vs. Panda Remit

When comparing BigPay and Panda Remit, it’s essential to evaluate key factors such as exchange rates, fees, transfer speed, and security. Both apps serve similar purposes, but there are notable differences that may influence which one is the best fit for your remittance needs.

Exchange Rate

BigPay typically offers a competitive exchange rate for transfers from Singapore to Malaysia, although rates can fluctuate based on market conditions. On the other hand, Panda Remit is known for providing favorable and stable exchange rates, which can help you get more value for your money when sending funds to support family members.

Fees

BigPay charges a small fee for each transaction, which can be a concern for users who send money frequently or in large amounts. Panda Remit, however, offers a more transparent fee structure with lower charges, making it a popular choice among those looking to minimize remittance costs.

Transfer Speed

BigPay offers near-instant transfers to Malaysia, with most transactions completing within minutes. This is ideal for urgent transfers, such as sending money to cover medical expenses or tuition fees for children. Similarly, Panda Remit also supports instant transfers, providing a smooth experience for those who need to send money quickly. However, Panda Remit’s infrastructure may allow for slightly more consistent performance in terms of transfer times, especially for larger amounts.

Security

Both BigPay and Panda Remit prioritize security. BigPay is regulated by the Monetary Authority of Singapore (MAS), offering strong encryption protocols and two-factor authentication (2FA). Panda Remit, though a newer player, also employs robust security measures, such as end-to-end encryption, ensuring that your transfers remain secure.

User Experience Example

Imagine you need to send funds to your child studying in Malaysia. You have two options: BigPay and Panda Remit. With BigPay, the transfer can be completed quickly via their app, and you’ll know the exchange rate immediately. However, the small fee associated with the transaction could add up if you make regular transfers. On the other hand, Panda Remit might offer a slightly more favorable rate and lower fees, but their user interface could take a bit longer to navigate compared to BigPay’s streamlined design. Both apps support the instant transfer of funds, but the overall experience depends on factors such as ease of use, speed, and the cost structure for your particular transfer habits.

Key Factors Affecting Remittance Experience

When choosing the right remittance app to support family members or children in Malaysia, there are four major factors to consider:

• Exchange Rate: A better exchange rate means more money sent to your loved ones. Look for apps that offer competitive and stable rates.
• Fees: Different apps charge different fees, often based on the transfer amount and frequency. It’s important to compare fees before making a decision.
• Speed: Instant transfers are essential when dealing with urgent needs, such as medical or educational expenses. Choose an app that guarantees fast processing times.
• Security: Ensure that the app you choose uses advanced encryption and follows regulatory standards to protect your financial data.

Panda Remit: A Trusted Solution for Instant Transfers

Panda Remit is gaining popularity among Singaporeans for its ease of use, low fees, and transparent exchange rates. As a remittance app designed specifically for cross-border transfers, Panda Remit offers fast, secure, and cost-effective transactions. Whether you’re supporting family in Malaysia or helping your children with their studies, Panda Remit is a reliable choice for those seeking a hassle-free remittance experience.

Conclusion

When it comes to sending money from Singapore to Malaysia, both BigPay and Panda Remit offer valuable solutions for different types of users. If you prioritize a user-friendly interface and fast transfers, BigPay might be your app of choice. However, if you’re looking for lower fees and favorable exchange rates for regular remittances, Panda Remit could be a better fit. Ultimately, your decision should be based on your specific needs, whether it’s the speed of the transfer, the amount you’re sending, or the cost of the transaction.

The information in this article is for reference only; actual exchange rates, processing times, and fees may vary depending on the country or bank.