Our Story

 

Panda Remit, founded in Hong Kong, China in 2018, is affiliated of Wo Transfer (HK) Limited, with Invest HK endorsement of Hong Kong government, Hong Kong MSO license and global compliance finance license.

 

So far, we have obtained several rounds of financing from Sequoia Capital, Lightspeed Capital, and Next Capital, and have accumulated tens of thousands of dollars of investment. In 2020, we became a strategic partner with Alipay and were selected as the only remittance company to be included in the Mastercard 2020 “Start Path” program.

 

At present, our company has signed contracts with several well-known banks at home and abroad, and reached strategic cooperation with the global partners of the United States, Australia, Japan, Singapore, Europe, Hong Kong, Canada and other countries and regions.

 

Our Mission

 

Panda Remit is committed to changing the traditional way of cross-border remittance, providing global users with safer, more convenient, reliable and affordable online cross-border remittance services, and establishing a new digital network.

 

Our Business

 

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, we support 500 banks, Alipay and WeChat to receive money.

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

 

Countries or regions with【Remittance to China】available:

Remittance From
Asia	Japan, South Korea, Hong Kong China, Singapore
Europe	The UK, France, Germany, Italy, Spain, the Netherlands, Greece, Belgium, Portugal, Luxembourg, Ireland, Finland, Lithuania, Latvia, Estonia, Slovakia, Austria, Malta, Cyprus, Slovenia, Hungary, Denmark, Croatia, Sweden, Poland, Bulgaria, the Czech Republic, Romania
Oceania	Australia, New Zealand
North America	The US, Canada

If the subsequent opening of other countries, no further notice will be given temporarily.

 

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.

 

Countries or regions with 【Global remittance】available:

From	To
Australia	Asia	China, Thailand, Hong Kong China, India, Malaysia, the Philippines,  Vietnam, Nepal, Sri Lanka, Indonesia, Singapore, South Korea, Bangladesh
	Europe	the UK, Germany, Italy, Spain, the Netherlands, France, Ireland, Estonia, Luxembourg, Greece, Belgium, Portugal, Austria, Finland, San Marino, Slovakia, Cyprus, Latvia, Malta, Lithuania
	North America	Canada, the US
New Zealand	Asia	China, Thailand, Hong Kong China, India, South Korea, Vietnam, Malaysia, Indonesia,  Singapore, Bangladesh, Sri Lanka, Nepal
	Europe	the UK, Germany, France,  the Netherlands, Austria, Ireland, Italy, Cyprus, Belgium, Estonia, Finland, Spain, Greece, Latvia, Lithuania, Luxembourg, Malta, Portugal, San Marino, Slovakia
	Oceania	Australia
	North America	Canada, the US
South Korea	Asia	China
Japan	Asia	China, Hong Kong China, Indonesia, Nepal, Vietnam, the Philippines
Singapore	Asia	China, Thailand, Hong Kong China, India, South Korea, Vietnam, Malaysia, Indonesia,  Nepal, Bangladesh, Sri Lanka, the Philippines
	Europe	the UK, Germany, France, the Netherlands, Ireland, Italy, Belgium, Cyprus,  Estonia, Finland, Greece, Latvia, Lithuania, Luxembourg, Malta, Portugal, San Marino,  Slovakia, Spain, Slovenia
	Oceania	Australia
	North America	Canada, the US
Hong Kong, China	Asia	China, Indonesia, the Philippines, India, Thailand, Malaysia, Singapore, Bangladesh,  South Korea, Vietnam, Nepal, Sri Lanka
	Europe	the UK, Lithuania, Germany, France, the Netherlands, Portugal, Italy, Spain,  Greece, Belgium, Finland, Austria, Ireland, Cyprus, Estonia, Latvia, Luxembourg, Malta, San Marino, Slovakia, Slovenia
	North America	Canada, the US
Canada	Asia	China, Thailand, Hong Kong China, India, South Korea, Vietnam,Malaysia,  Indonesia, Nepal, Bangladesh, Sri Lanka, the Philippines Singapore
	Europe	the UK, Germany, France, the Netherlands, Ireland, Italy, Belgium, Cyprus, Estonia,  Finland, Greece, Latvia, Lithuania, Luxembourg, Malta, Portugal, San Marino,  Slovakia, Spain, Austria
	Oceania	Australia
	North America	the US
the US	Asia	China, Thailand, Hong Kong China, India, South Korea, Vietnam, Malaysia, Indonesia, Nepal, Bangladesh, Sri Lanka, the Philippines, Singapore
	Europe	the UK, Germany, France,  the Netherlands, Ireland, Italy, Belgium, Cyprus, Estonia,  Finland, Greece, Latvia, Lithuania, Austria Luxembourg, Malta, Portugal,  San Marino, Slovakia, Spain
	Oceania	Australia
	North America	the US, Mexico, Canada, Guatemala
the UK & EU member states	Asia	China, Thailand, India, Indonesia, Vietnam, Malaysia, Nepal, the Philippines, Bangladesh, Sri Lanka, Singapore, Hong Kong China
	Europe	the UK, France, Germany, Italy, Spain, the Netherlands, Belgium,Greece,  Luxembourg, Malta, Portugal, Finland,  Ireland, Latvia, Lithuania, Estonia, Slovakia, Austria, Cyprus, Sweden, Poland, Switzerland, the Czech Republic, Hungary, Denmark
	North America	Canada, the US
	Oceania	Australia

If the subsequent opening of other countries, no further notice will be given temporarily.

 

China Outward Remittance

 

Panda Remit and Kincheng Bank jointly launch [China Outward Remittance] service to provide more remittance service to 27 countries or regions around the world.

 

Countries or regions with【China Outward Remittance】available:

Remittance From China To
Asia	Japan, Hong Kong China, Singapore
Europe	The UK, Germany, the Netherlands, Italy, Spain, France, Ireland, Estonia, Luxembourg, Greece, Belgium, Portugal, Austria, Finland, San Marino, Slovakia, Cyprus, Latvia, Malta, Lithuania
Oceania	Australia
North America	The US, Canada

If the subsequent opening of other countries, no further notice will be given temporarily.

 

In 2023, the new function, Paying Tuition for Studying Abroad, allows users to pay the foreign currency tuition fees of overseas universities through the Panda Remit App, which can greatly reduce the impact of exchange rate difference caused by exchange rate fluctuations.

 

 

Our Advantages

 

Panda Remit has the following advantages:

 

High-speed Remittance, Transparent Process

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.

 

Higher Amount to the Account:

 

Higher exchange rate

Panda Remit operates online without offline operating costs, and transforms this part of the cost into benefits for users, bringing users with a superior market exchange rate. Meanwhile, Panda Remit locks the exchange rate after the user makes payment, without any trouble caused by the exchange difference.

 

Lower handling fees

Panda Remit has no hidden fees and helps users save the handling fees, which is only 1/10 of the traditional way. In addition, if the remittance is not successful, there is no handling fee!

The handling fee is as follows:

From	To	Handling Fee
China	Asia	Japan, Hong Kong China, Singapore	80.00CNY
	Europe	the UK, Common EU Member States	80.00CNY
	North America	the US, Canada	80.00CNY
	Oceania	Australia, New Zealand	80.00CNY
Australia	Asia	China	5.99AUD
		India	5.00AUD
		Thailand, Malaysia, the Philippines, Indonesia	3.00AUD
		Hong Kong China, South Korea, Vietnam, Singapore, Bangladesh,Nepal	4.00AUD
	Europe	the UK, Common EU Member States	4.00AUD
	North America	the US，Canada	4.00AUD
New Zealand	Asia	China	5.99NZD
		India	5.00NZD
		Thailand, Malaysia	3.00NZD
		Hong Kong China, South Korea, Vietnam, Singapore, Bangladesh, Nepal	4.00NZD
	Oceania	Australia	4.00NZD
	Europe	the UK, Common EU Member States	4.00NZD
	North America	the US, Canada	4.00NZD
Japan	Asia	China, Hong Kong China, Indonesia, Nepal, Vietnam, the Philippines	800.00JPY
South Korea	Asia	China	8000.00KRW
Singapore	Asia	China	10.00SGD
		Thailand	8.00SGD
		Hong Kong China, Malaysia, India, Indonesia, Vietnam, the Netherlands Bangladesh, the Philippines, South Korea, Nepal, Sri Lanka	15.00SGD
	Oceania	Australia	15.00SGD
	North America	the US, Canada	15.00SGD
	Europe	the UK, Common EU Member States	15.00SGD
Hong Kong China	Asia	China, India, Thailand, Malaysia, Singapore, Nepal, Vietnam, Bangladesh, Sri Lanka, South Korea	30.00HKD
		Indonesia	18.00HKD
		the Philippines	20.00HKD
	Europe	the UK, San Marino	30.00HKD
		Germany, France, Italy, Portugal, Spain, Greece, Lithuania, Finland, Austria,  Ireland, Cyprus, Estonia, Latvia, Malta, Slovakiathe, the Netherlands,	20.00HKD
		Belgium, Luxembourg	0.00HKD
	North America	the US, Canada	30.00HKD
Canada	Asia	China	8.99CAD
		Thailand, Indonesia	2.00CAD
		Malaysia, the Philippines	3.00CAD
		Hong Kong China, India, Nepal, South Korea, Singapore, Vietnam, Bangladesh, Netherlands	4.00CAD
	Oceania	Australia	4.00CAD
	Europe	the UK, Common EU Member States	4.00CAD
	North America	the US	4.00CAD
the US	Asia	China	6.99USD
		Hong Kong China, Vietnam, India, Singapore, South Korea, Nepal, Sri Lanka, Bangladesh	3.99USD
		the Philippines, Malaysia	2.99USD
		Thailand, Indonesia	1.99USD
	Oceania	Australia	3.99USD
	Europe	the Netherlands	6.99USD
		the UK, Germany, France, Ireland, Italy, Belgium, Cyprus, Estonia,  Finland, Lithuania, Luxembourg, Malta, Portugal, Slovakia, Spain, Austria	3.99USD
		Greece, Latvia	0.00USD
	North America	the US, Canada, Mexico, Guatemala	3.99USD
the UK	Asia	China, Thailand, India, Indonesia, Vietnam, Malaysia, Nepal, Singapore, the Philippines, Bangladesh, Sri Lanka, Hong Kong China	5.99GBP
	Europe	Common EU Member States	5.99GBP
	North America	the US, Canada	5.99GBP
	Oceania	Australia	5.99GBP
EU member states	Asia	China, Thailand, India, Indonesia, Vietnam, Malaysia, Nepal, Singapore, the Philippines, Bangladesh, Sri Lanka, Hong Kong China	5.99EUR
	Europe	the UK, Common EU Member States	5.99EUR
	North America	the US, Canada	5.99EUR
	Oceania	Australia	5.99EUR

If the subsequent opening of other countries, no further notice will be given temporarily.

 

More Discounts

 

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.

 

Convenient Operation Process:

 

Anytime, Anywhere

There is no time and place limit for remittance. Panda Remit replaced the traditional store form with the Internet remittance mode. Users can make the one-click remittance through the mobile phone. What's more, Panda Remit provides round-the-clock online remittance service.

 

Simple Remittance Method

No need to queue up to offline stores and fill out the forms. Users just need to simply follow the operation tutorial provided by Panda Remit to complete the global remittance with just a few clicks. Panda Remit makes cross-border remittance as convenient as Alipay and WeChat transfer.

 

A Variety Of Collection And Remittance Methods

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. Users can choose the collection method according to their own preferences.

 

7 * 24 Hours Customer Service

 

Panda Remit provides 7 * 24 hours online customer service, supporting multi-language service, and gives you 1v1 VIP service experience; any problems encountered in the remittance process can consult customer service to ask for help, which offers users smooth and hassle-free remittance experiences.

 

Authority Guarantee

 

Fund 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 in Panda Remit:

• Multiple information audit procedure
• The risk control system is strict in management and control
• The whole process of remittance is visualized and traceable
• SMS / Email / WeChat timely notification

 

Privacy Security Protection

 

Panda Remit adopts the Symantec Security Solutions that chosen by 96 of the world's top 100 banks and 90% of the Fortune 500 enterprises. The Symantec Security Solutions meets industry standards and can fully protect privacy information.

 

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.

 

Legal And Compliant Process

 

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.

 

Fintech Innovation

 

Panda Remit was selected into MasterCard's "Start Path"program in 2020, which gives us superior technical support and payment solutions. Thus, we have the opportunity to demonstrate our strength in global network.