Why Panda Remit Understands Chinese Users Better Than Remitly?

In today’s increasingly globalized world, cross-border remittance has become an essential part of studying abroad, working overseas, and international trade. With numerous remittance tools available in the market, choosing a service that is fast, cost-effective, and reliable is a concern for many. Panda Remit and Remitly are both well-known online remittance platforms, but if you are a user sending money from China, especially to China, Panda Remit often proves to be a more advantageous choice.

Today, let’s explore why Panda Remit has become the "go-to wallet" for Chinese users.

1. Core Advantages Comparison: Panda Remit’s "Precision Strike"

While both platforms offer convenient online services, their strategic focuses and user experiences differ significantly.

Remitly, as an international company, has a broader service scope, but its model and user experience are more aligned with "global standards."

Panda Remit, on the other hand, was built from the ground up with a focus on remittances to China, particularly specializing in major corridors such as South Korea-China, Japan-China, Singapore-China, and Europe-China. This has allowed it to develop a deeper understanding of Chinese users’ needs.

2. Data Analysis: Tangible Savings and Clear Advantages

For users, the most practical comparison is "how much the recipient ultimately receives for the same amount remitted." Let’s take a simulated example of remitting from the UK to China (data is for illustrative purposes; actual exchange rates may vary):

Panda Remit: Frequently offers "limited-time zero fee" promotions. Even without promotions, its fee structure is generally lower. Assuming an intermediate exchange rate of 1 GBP = 9.05 CNY, Panda Remit might offer an exchange rate of 9.7189.  
Final amount received: 500 GBP = 4,859.45 CNY

Remitly: Offers two modes—"Economy" (lower fees but slower processing) and "Express" (faster but higher fees). Assuming the "Express" mode is selected, its exchange rate might be 9.6706.  
Final amount received ≈ 4,835.30 CNY

Conclusion: In this simulated scenario, using Panda Remit results in a higher amount received compared to using Remitly (Express mode). For frequent remitters, this translates to significant long-term savings.

3. In-Depth Analysis: Three Key Advantages of Panda Remit

Beyond direct cost savings, Panda Remit’s attention to detail further highlights its strengths:

1. Ultimate Localized Integration: Direct-to-Alipay for Convenience  

This is one of Panda Remit’s biggest advantages. For the vast majority of Chinese users and recipients, Alipay is far more accessible and convenient than bank accounts. Panda Remit supports direct remittances to Alipay accounts, with funds arriving instantly, eliminating the need for complicated bank card withdrawal processes. In contrast, platforms like Remitly primarily support remittances to bank accounts, adding an extra step to the process and potentially delaying receipt times.

2. Transparent "Zero Fee" Strategy: Simple and Straightforward  

Panda Remit frequently runs "zero fee" promotions, making it easy for users to understand the costs involved—they only need to focus on the exchange rate. Its cost structure is primarily built around the exchange rate, and users can clearly see the fees and the final amount to be received before confirming the transaction. With frequent promotions, users can often enjoy zero-fee remittances with the full amount arriving as expected.

3. Seamless Chinese Service Experience: Zero Communication Barriers  

From the app interface and operational流程 to customer support, Panda Remit offers a fully localized Chinese service experience. If users encounter any issues, they can quickly reach Chinese-speaking customer support and receive effective solutions. This peace of mind is crucial when dealing with financial matters.

How to Choose?

If you are a long-term Remitly user and primarily remit between European and American countries, Remitly is a mature and reliable choice.

However, if your main scenario involves 【sending money from countries like Japan, South Korea, Singapore, etc., to China】, then Panda Remit is undoubtedly the better option.

It not only helps you save more on costs but also offers optimized experiences for Chinese users in terms of processing speed, recipient convenience (Alipay), and overall user experience. Choosing a cross-border remittance tool is not just about selecting a platform—it’s about choosing a lifestyle that understands you better, offers greater convenience, and is more economical.

Why not download the Panda Remit app now, check the real-time exchange rate, and experience the convenience and benefits for yourself!