Panda Remit
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2C
- OfferingServices
Panda Remit firmographics
Firmographics- Name
- Panda Remit
- Legal name
- Wotransfer Pte Ltd.
- Website
- https://pandaremit.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Panda Remit industry classification
Industry- Product category
- Cross-Border Remittance
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industries
- P2P Transfers & Remittances Platforms (BPAMAFAE), Cross-Border & FX Payments Platforms (BPAMAFAK), Consumer Remittances (P2P) (FSAMAIAA), International / Multi-Currency Wallets (FSAMAEAL)
Keywords
Where Panda Remit is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices8 records
Markets served
Panda Remit business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure
Revenue model
- Transaction/Fee-based Remittance: Panda Remit generates revenue through transaction fees and foreign exchange spreads on money transfers. The platform charges low fees compared to traditional banks and offers competitive exchange rates, with revenue coming from the margin between wholesale and retail FX rates plus any transfer fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Transfer Service |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Panda Remit product offering
Product offeringCore offering
Panda Remit is a mobile cross-border remittance service that enables individual consumers to send money internationally to 40+ countries/regions with low fees, real-time FX rates, and transfers settling within minutes. Users onboard via mobile number or email, complete KYC, fund transfers from local payment methods, and deliver funds to over 500 receiving banks or local e-wallets such as Alipay, Khalti, and Touch 'n Go. The platform is licensed by regulators in Singapore, Australia, the EU, the US, Hong Kong, Canada, Japan, and New Zealand, and is distributed through iOS/Android apps, an affiliate partner program, and integration with TenPay Global.
Product overview
Panda Remit is a cross-border remittance platform providing international money transfer services. The core offering consists of the Panda Remit Mobile App which enables users to send money to over 40 countries and regions. The service is available in more than 30 countries and regions, offering competitive exchange rates, low fees, and fast transfer times (within minutes). The platform is complemented by an Affiliate Partner Program that provides API access, calculators, and widgets for partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Panda Remit Mobile App A mobile application (iOS and Android) that enables individual users to send international money transfers to over 40 countries and regions with low fees, real-time FX rates, transfers settling within minutes, and real-time tracking of transfer progress.
- Cross-Border Remittance Service The underlying international money transfer service allowing users to send funds to recipients in countries including China, Hong Kong, Japan, South Korea, Singapore, and European regions, with payout into more than 500 receiving banks and local e-wallets.
- Affiliate Partner Program A commission-based B2B program offering partners access to Panda Remit's Rate API, calculator widgets, and comparison widgets; partners earn CPA commissions (e.g., $20 per new individual user) for each referred user who completes a first transfer.
Quantifiable outcome
- Over 2 million users worldwide trust the platform
- +2 more outcomes
Companies that use Panda Remit
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
Panda Remit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Panda Remit partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- TenPay GlobalcorePanda Remit is one of over 60 international banks and remittance institutions partnered with TenPay Global (Tencent Financial Technology's cross-border payment platform) to support the 'Remit to China for Non-Chinese Citizens' feature, enabling international users to send remittances directly to China from over 100 countries.
- YabandPay B.V.coreWotransfer Pte Ltd. (Panda Remit) is a partner of YabandPay B.V., a company registered in the Netherlands and authorized by the Dutch Central Bank (DNB) as an Electronic Money Institution (EMI) for money remittance services.
- MastercardcoreMastercard Start Path member; partnership for payment processing and card network integration
- Panpay UABcoreIn the EU, Panda Remit services are provided through Nextpls UAB, an agent of Panpay UAB which holds an EMI license authorized by the Bank of Lithuania for remittance services across Europe.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Panda Remit competitors and assessment
Company assessmentEmerging players
- Revolut: UK digital bank with multi-currency accounts and cross-border transfers; overlaps with Panda Remit on EU-originated P2P and SMB cross-border flows, particularly into Asia, and competes for the same digital-native diaspora.
- OFX: Australia-founded international money transfer and FX provider serving consumers and SMBs; competes with Panda Remit on Australia/Asia corridors and offers comparable multi-currency, low-fee transfers.
Broad incumbents
- MoneyGram: Established cross-border P2P payments company with a global retail and digital remittance network; competes with Panda Remit on Asia and emerging-market corridors while bringing larger-scale brand and agent distribution.
- Western Union (Digital): Incumbent global money transfer operator with extensive agent network and a growing digital channel; competes with Panda Remit across many of the same corridors but offers a much broader cash-pickup and retail footprint.
- Alipay International (Ant Group): Ant Group's cross-border payments and remittance product integrated with the Alipay wallet in mainland China; already a Panda Remit integration partner and a potential competitor or channel partner depending on corridor strategy.
Direct peers
- Paysend: UK-based digital remittance fintech offering card-to-card transfers to 170+ countries with a mobile-first app; competes directly with Panda Remit on low-fee, fast P2P transfers to China and APAC corridors.
- Remitly: US-based digital remittance fintech offering mobile-first cross-border transfers with a strong corridor overlap to Asia and Latin America; competes head-to-head with Panda Remit on diaspora consumer P2P remittance pricing, speed, and regulatory licensing depth.
- Sendwave: Mobile-first remittance app focused on African and Asian corridors from North America and Europe; directly comparable to Panda Remit's mobile PLG model and diaspora worker value proposition.
- WorldRemit: Global digital remittance platform focused on mobile money and bank deposit payouts across emerging markets; directly comparable on mobile-first P2P remittance to Asia, Africa, and Latin America from developed-market senders.
- Wise (TransferWise): UK-headquartered cross-border money transfer platform offering mid-market FX and multi-currency accounts globally; a direct competitor on China and broader APAC/EU corridors with comparable mobile-first product experience.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Panda Remit social profiles
Digital presencePanda Remit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Panda Remit leadership team
Management profileNumber of profiles
Profiles2 records
Panda Remit subsidiaries and ownership
Company hierarchySubsidiaries6 records
Panda Remit funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Panda Remit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Panda Remit
What does Panda Remit do?
Panda Remit is a mobile cross-border remittance service that enables individual consumers to send money internationally to 40+ countries/regions with low fees, real-time FX rates, and transfers settling within minutes. Users onboard via mobile number or email, complete KYC, fund transfers from local payment methods, and deliver funds to over 500 receiving banks or local e-wallets such as Alipay, Khalti, and Touch 'n Go. The platform is licensed by regulators in Singapore, Australia, the EU, the US, Hong Kong, Canada, Japan, and New Zealand, and is distributed through iOS/Android apps, an affiliate partner program, and integration with TenPay Global.
Is Panda Remit a public or private company?
Panda Remit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Panda Remit founded?
Panda Remit was founded in 2018. It employs 51 to 100 people.
Where is Panda Remit based?
Panda Remit is headquartered in Singapore, Singapore, in the Asia region.
How does Panda Remit make money?
One revenue line is on record: transaction/Fee-based Remittance.
Who are Panda Remit's main competitors?
Emerging players on record are Revolut and OFX. Broad incumbents are MoneyGram, Western Union (Digital) and Alipay International (Ant Group). Direct peers are Paysend, Remitly, Sendwave, WorldRemit and Wise (TransferWise).
Does Panda Remit have an API?
Yes. Panda Remit provides partners with access to a Rate API, calculator widgets, and comparison widgets. The affiliate program enables partners to access these tools for promotional purposes. Commission is paid for each new user who registers and makes a successful transfer through referral links.
What industry is Panda Remit in?
Panda Remit's product category is Cross-Border Remittance. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of BPAMAFAE, P2P Transfers & Remittances Platforms. Its SIC code is 6199.