Panda Remit - Receive more, and get it faster

The best and cheapest way to send money abroad online.

Posted by Enovace on October 15, 2023

About Panda Remit

As an online platform for cross-border remittance, Panda Remit was founded in 2018 and was headquartered in Singapore. With its professional expertise and extensive experience in the international payment industry, it has received praise from millions of users.

Panda Remit is committed to providing global users with safer, more convenient, reliable and affordable online cross-border remittance services. With user-friendly interface and advanced security features, Panda Remit is the best solution for anyone looking for a hassle-free way to make global remittance.

What business scenarios does Panda Remit support?

Panda Remit currently launches three business scenarios: Remittance to China, Global Remittance and China Outward Remittance, supporting Oceania, Asia, Europe, North America and other regions, helping users to save nearly 100 million US dollars in fees, which is recognized and trusted by millions of users around the world.

Remittance to China:

Panda Remit has now opened the remittance from more than 30 countries / regions around the world to China, and continues to add more remittance countries / regions. Besides, Panda Remit support 500 banks, Alipay and WeChat to receive money.

Note: At present, Panda Remit only supports transfers between individuals.

Global Remittance:

Panda Remit supports the exchange and remittance of multiple currencies around the world, which can meet users’ cross-border payment and exchange needs.

China Outward Remittance:

Panda Remit cooperated with Kincheng Bank to launch China Outward Remittance service, providing remittance service to 27 countries or regions around the world.

At the same time, in addition to individual Chinese remittance services. Panda Remit has also helpfully opened the payment function for overseas study, allowing individuals to pay tuition fees to overseas universities in CNY through Panda Remit App.

How to send money internationally: step by step

  1. Register an account on the official website Panda Remit for free using your mobile phone number or email address
  2. Log into your account and open an account for authentication ( upload ID card, confirm ID card information, perform face recognition, bind bank card and set transaction password )
  3. Add recipient’s information (name, bank card number, account opening bank, etc.)
  4. Enter the amount you want to send, check over the fees and exchange rates available, and click the “Submit” button after confirmation.
  5. Make the payment operation according to the prompts on the page, select the payment method and complete the payment process.
  6. Your money will be on the way, and the remittance progress can be tracked in real-time.

3. How can you send and receive money?

The Methods for Sending Money:

the United States - Visa/MasterCard debit card payment, ACH

Australia - bank transfer, POLI, PayID

Europe - VISA, MasterCard, bank transfer

Singapore - Online Banking, ATM, PAYNOW

HongKong China - Online Banking, FPS

Canada - Interac E-transfer

The Methods for Receiving Money:

Panda Remit supports Alipay, WeChat Pay and UnionPay cards issued by more than 500 mainstream banks in China, including the four major state-owned banks, commercial banks and Rural Credit Cooperatives. You can choose the methods for receiving money according to your own preferences.

4. What are the fees when you transfer money overseas with Panda Remit?

Without hidden fees, Panda Remit is committed to providing users with the best exchange rate and cheap handling fees, which is only 1/10 of the traditional way. In addition, if the remittance is not successful, there is no handling fee!

Note: The fees will vary depending on the country/region and the payment method.

New users are free of handling fees for the first transaction; In order to give back to users, Panda Remit occasionally issues exchange rate increase coupons and cash coupons, and carries out the activity of halving the handling fee, so that more money can be transferred into the accounts of users’ relatives and friends.

5. Are there any limits to the amount that you can transfer with Panda Remit?

There is a limit on a single transaction, but there is no limit on the number of transactions

6. How long does an international transfer Panda Remit take?

After the remittance is initiated, Panda Remit will verify the user information in the first time. After the order is approved, the account can be received in 2 minutes at the earliest. Panda Remit App supports real-time query of the remittance progress, reducing the waiting time of users as much as possible, which is far faster than the transfer time of traditional banks and remittance institutions.

7. Is Panda Remit safe to use?

Ensuring Financial Security

Ping An Insurance, the largest insurance group in China, provides 50,000 CNY for each transaction, so that users can get more security for each remittance. Besides, Panda Remit adopts multiple information audit procedure, carries out strict risk control management, encrypts and monitors all transactions 24/7 to ensure the security of users’ funds; At the same time, Panda Remit uses state-of-the-art fraud detection technology to prevent unauthorized access from your account. The whole process of remittance is visualized and traceable and Panda Remit are provided with timely notification by SMS / Email / WeChat.

Protecting User Privacy

Panda Remit adopts the Symantec Security Solutions, which meets industry standards and can fully protect privacy information. What’s more, Panda Remit keeps user data confidential in strict accordance with local laws and regulations to ensure the information security of remitters to the greatest extent. The privacy data submitted by users is encrypted by Norton Secure Site SSL Certificates and protect the security of user information at all times.

Panda Remit has obtained PCI DSS certification, passed nearly 300 audit indicators, covering 6 fields, 12 specifications, including network security, application and system security and other aspects, which means that our company’s payment ability and technology has reached the international leading level.

King & Wood Mallesons, the world’s leading law firm, provides legal services for Panda Remit. And King & Wood Mallesons issues legal opinion on business compliance in China for Panda Remit to ensure that every remittance meets the regulatory requirements.

8. Overview: Is Panda Remit any good?

In conclusion, Panda Remit provides a simpler and efficient online gloabl remittance way that offers a range of features and benefits to users.

Panda Remit is the perfect solution for you to make cross-border remittance. Compared to other cross-border remittance platforms on the market, Panda Remit can provide better exchange rates and lower transaction costs, bringing you a better cross-border remittance experience.

You can register an account on the official website Panda Remit for free using your mobile phone number or email address, for more detail information.