Pay2Home
Pay2Home is a licensed cross-border remittance operator headquartered in Singapore, sending money from Singapore and Hong Kong to 50+ countries. It serves migrant workers and corporate clients via mobile app, web platform, proprietary 24/7 Money Transfer Machines, and physical branches.
- Company typePrivate
- Founded2014
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Pay2Home does
Pay2Home is a licensed international money transfer operator serving cross-border remittance corridors from Singapore and Hong Kong to more than 50 destination countries. It is operated by two private entities — Wandr Pte. Ltd. (regulated as a Major Payment Institution by the Monetary Authority of Singapore) and P2H (Hong Kong) Pte Limited (licensed as a money remittance business by Hong Kong Customs & Excise) — with shared-services and consumer-services support via Pay2Home Pte Ltd and P2H Consumer Services Pte Ltd respectively. Its primary customer segment is migrant workers and foreign employees in Singapore and Hong Kong who send money home to countries including Indonesia, the Philippines, India, Bangladesh, Myanmar, and others, with a secondary corporate segment served by a dedicated Premier Team for bulk transfers and payroll disbursement.
The platform is multi-channel by design: a mobile application on iOS and Android, a web-based online platform, a proprietary network of 16+ 24/7 self-service Money Transfer Machines (MTMs) across Singapore, six physical branches in Singapore, two in Hong Kong, and a 7-Eleven cash payment partnership. The technology stack integrates SingPass MyInfo for Singapore government-backed identity verification, NETSPay and PayNow for instant funding, FAST/bank transfer for internet banking, and a Pay2Home Wallet for stored-value payments. Security infrastructure includes a 60-day beneficiary lock after non-face-to-face transactions and a default cap of eight locked beneficiaries per customer. Beyond core remittance, the company operates the Shop@Pay2Home sub-brand (mobile phone and motorbike instalment plans) and offers free Priority2Protect personal accident insurance through a partnership with Chubb Insurance Singapore Ltd.
Revenue is generated through transaction-based fees on international money transfers, foreign exchange margins on SGD/HKD-to-destination-currency conversions, cash handling fees at counters and MTMs, and managed services revenue via the stored-value wallet. Pricing is published as a tariff of charges rather than on the public website, with same-day or next-day delivery offered to selected countries. Distribution is supported by a Friends Card loyalty program, promotional contests, and digital marketing through the mobile app store presence and social channels. The company is privately held with no disclosed venture capital or private equity backing and no announced funding rounds.
Pay2Home firmographics
Firmographics- Name
- Pay2Home
- Legal name
- Wandr Pte. Ltd.
- Website
- https://pay2home.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pay2Home is a licensed cross-border remittance operator headquartered in Singapore, sending money from Singapore and Hong Kong to 50+ countries. It serves migrant workers and corporate clients via mobile app, web platform, proprietary 24/7 Money Transfer Machines, and physical branches.
- Ownership category
- akta.pro rank
Pay2Home industry classification
Industry- Product category
- Cross-Border Remittance Services
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
Keywords
Where Pay2Home is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices10 records
Markets served
Pay2Home business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- International Money Transfer Fees: Transaction fees charged on international money transfers from Singapore and Hong Kong to 50+ countries. Fees are transparent with competitive exchange rates. Same day or next day delivery available to selected countries.
- Foreign Exchange Margins: Revenue generated from currency exchange spreads when converting SGD/HKD to destination currencies. Exchange rates are locked at time of transaction confirmation.
- Cash Handling Fees: Fees applied to cash payments at counters and MTMs, subject to local authority regulations
- Wallet Stored Value: Stored value in Pay2Home Wallet accounts that can be used for partial or full transaction payments
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Individual Money Transfer |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Pay2Home product offering
Product offeringCore offering
Pay2Home is a licensed international remittance service that enables individuals and businesses to send money from Singapore and Hong Kong to beneficiaries in 50-plus destination countries through a mobile app, online portal, and proprietary Money Transfer Machines (MTMs). Beyond core transfers, the company offers a multi-currency digital wallet (Pay2Home Wallet), a Shop@Pay2Home instalment-plan sub-brand, a Friends Card loyalty program, and a Priority2Protect insurance product distributed in partnership with Chubb.
Product overview
Pay2Home is a multi-channel international money transfer platform operated by Wandr Pte Ltd (Singapore) and P2H (Hong Kong) Limited, offering remittance services from Singapore and Hong Kong to 50+ countries. The core Pay2Home service provides money transfers via a mobile app, web platform, proprietary Money Transfer Machines (MTMs), and physical branch counters. Supporting services include a Wallet Account for stored-value payments, the Shop@Pay2Home sub-brand for instalment plans (mobile phones, motorbikes), Priority2Protect free accident insurance via Chubb, and a Friends Card loyalty program. The platform integrates with SingPass MyInfo for identity verification, NETSPay, PayNow, bank transfers, and 7-Eleven cash payments.
Differentiator
Problem solved
Functional benefit
Brands
- Priority2Protect: Free personal accident insurance offered to Pay2Home customers who send money from Singapore.
- Shop@Pay2Home
Products and services
- International Money Transfer Core cross-border remittance service that enables individual senders in Singapore and Hong Kong to transfer funds to beneficiaries in 50-plus destination countries, accessible via mobile app, online platform, and proprietary Money Transfer Machines.
- Pay2Home Wallet Multi-currency stored-value digital wallet that allows customers to hold funds and initiate transfers, supporting the Pay2Home remittance flow and providing the foundation for the Locked Beneficiary transactional security system.
- Shop@Pay2Home Sub-brand offering instalment plans that allow Pay2Home customers to purchase goods on credit, leveraging the company's existing relationship with migrant worker and foreign employee customers.
- Priority2Protect Insurance product distributed by Pay2Home in partnership with Chubb, providing protective coverage to Pay2Home customers as an add-on to the core remittance relationship.
- Money Transfer Machine (MTM) Service Proprietary self-service remittance terminal that allows customers to initiate money transfers at 7-Eleven retail locations, extending Pay2Home's physical distribution beyond its branch outlets.
- Premier Team Corporate Remittance Service Dedicated B2B service for corporate clients in Singapore and Hong Kong, providing personalized phone- and email-based support for registration, KYC, and execution of bulk international transfers and foreign-worker salary disbursements.
Quantifiable outcome
- Transfer to 50+ countries worldwide with same day or next day delivery to selected countries
- +2 more outcomes
Companies that use Pay2Home
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Pay2Home technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature6 records
Pay2Home partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Chubb Insurance Singapore LtdcoreChubb Insurance Singapore Ltd provides Priority2Protect personal accident insurance as a Partner Service offered to Pay2Home customers. Customers sending money from Singapore receive free personal accident insurance coverage as part of the transfer service.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Pay2Home competitors and assessment
Company assessmentDirect peers
- WorldRemit: Digital cross-border money transfer platform operating from Singapore and other send markets to emerging-market recipients. Direct competitor in Singapore outbound corridors with comparable migrant-worker corridor focus.
- Remitly: Digital remittance specialist targeting immigrant and migrant-worker senders from developed markets to emerging market corridors. Competes directly for Pay2Home's primary migrant-worker customer segment across Asian corridors.
- Wise (formerly TransferWise): Global digital remittance and multi-currency account platform serving consumer and business cross-border payment needs with mid-market FX. Competes head-to-head with Pay2Home on Singapore outbound corridors with a digital-first model.
- Instarem: Singapore-headquartered digital cross-border payments and remittance company licensed by MAS, serving consumer and business senders from Singapore to 60+ countries. Most direct peer to Pay2Home in terms of license, customer base (migrant workers and SMEs), and Singapore HQ origin.
Broad incumbents
- MoneyGram: Global incumbent cross-border money transfer provider with established Singapore and Hong Kong operations and broad emerging-market payout network. Overlaps with Pay2Home in cash-pickup remittance use cases for migrant workers.
- Western Union: Global incumbent in consumer cross-border money transfers with extensive agent network in Singapore and Hong Kong. Overlaps Pay2Home's migrant-worker remittance core, though at vastly larger scale and with broader global brand reach.
- DBS Remit / POSB: Singapore's largest bank offering in-app and counter remittance services to a broad customer base including migrant workers and SMEs. Competes with Pay2Home on outbound Singapore corridors with deep balance sheet and trust advantages.
Regional players
- Singtel Dash: Singapore-based mobile payment and remittance app from Singtel, a major telco. Serves migrant workers sending money from Singapore to regional destinations with deep telco-distributed user base, closely mirroring Pay2Home's target customer.
Emerging players
- Revolut: Global digital banking and remittance super-app expanding aggressively in Singapore and other Asian markets. Targets the same digitally-savvy consumer cross-border payment segment as Pay2Home with strong product velocity.
- Equals Money (formerly CurrencyFair): Digital cross-border payments and FX platform serving SMEs and individuals from Singapore and other markets. Comparable to Pay2Home on consumer cross-border payments with a mid-market FX positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Pay2Home social profiles
Digital presencePay2Home compliance and trust
Trust signalCompliance2 records
Pay2Home financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pay2Home leadership team
Management profileNumber of profiles
Profiles3 records
Pay2Home subsidiaries and ownership
Company hierarchySubsidiaries2 records
Pay2Home funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pay2Home 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 Pay2Home
What does Pay2Home do?
Pay2Home is a licensed international remittance service that enables individuals and businesses to send money from Singapore and Hong Kong to beneficiaries in 50-plus destination countries through a mobile app, online portal, and proprietary Money Transfer Machines (MTMs). Beyond core transfers, the company offers a multi-currency digital wallet (Pay2Home Wallet), a Shop@Pay2Home instalment-plan sub-brand, a Friends Card loyalty program, and a Priority2Protect insurance product distributed in partnership with Chubb.
Is Pay2Home a public or private company?
Pay2Home is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pay2Home founded?
Pay2Home was founded in 2014. It employs 11 to 50 people.
Where is Pay2Home based?
Pay2Home is headquartered in Singapore, Singapore, in the Asia region.
How does Pay2Home make money?
Four revenue lines are on record. International Money Transfer Fees are the primary driver. The others are foreign Exchange Margins, cash Handling Fees and wallet Stored Value.
Who are Pay2Home's main competitors?
Direct peers on record are WorldRemit, Remitly, Wise (formerly TransferWise) and Instarem. Broad incumbents are MoneyGram, Western Union and DBS Remit / POSB. Singtel Dash is listed as a regional player. Emerging players are Revolut and Equals Money (formerly CurrencyFair).
Does Pay2Home have an API?
No public API is recorded for Pay2Home.
What industry is Pay2Home in?
Pay2Home's product category is Cross-Border Remittance Services. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances.