How Starryblu Simplifies the Entire Remittance Process

For many global professionals and expatriates, the traditional remittance process has long been a source of friction. Navigating high fees, opaque exchange rates, and slow settlement times can complicate even the most routine financial tasks. Starryblu enters the market as an innovative global financial services product designed to solve these pain points by offering a faster, more cost-effective, and secure international payment network.

Starryblu is a product of WoTransfer Pte Ltd. It is important to understand the relationship between our tools: both Starryblu and Panda Remit belong to the same parent company. While Panda Remit remains specialized in dedicated cross-border remittance , Starryblu offers a comprehensive one-stop global financial service that integrates accounts, spending, and advanced automation.

A Comprehensive Foundation: The Multi-Currency Global Account

Simplifying remittance begins with how you hold and manage your money. Starryblu provides global users with a multi-currency account that supports 10 mainstream currencies:

• USD (US Dollar)

• EUR (Euro)

• GBP (British Pound)

• SGD (Singapore Dollar)

• HKD (Hong Kong Dollar)

• JPY (Japanese Yen)

• CNH (Offshore Chinese Yuan)

• AUD (Australian Dollar)

• NZD (New Zealand Dollar)

• CAD (Canadian Dollar)

Opening an account is designed to be as frictionless as possible. Global users can complete the process in minutes using only a passport and a valid ID, granting them immediate access to a Singapore-based bank account. This allows users to experience local collections and payments, effectively bypassing the heavy fees associated with traditional cross-border banking.

Optimizing the Cost and Speed of International Transfers

The core of the Starryblu value proposition is making global transfers significantly more efficient. By leveraging a modern international payment network, Starryblu offers several advantages over legacy banking systems:

• Transparent Fees: Every transaction clearly outlines the costs, ensuring there are no hidden charges.

• Competitive Exchange Rates: Real-time exchange rates are kept close to interbank rates, providing better value than traditional bank markups.

• Exceptional Speed: Transfers are processed rapidly, with some reaching their destination in as little as 10 seconds.

• Zero-Fee Internal Transfers: Sending funds between Starryblu users is completely free of charge.

For cross-border needs, Starryblu provides fees that can be as low as 1/10th of what traditional banks charge. This efficiency ensures that more of your money reaches its destination, whether you are supporting family abroad or managing international business obligations.

Beyond Remittance: Smart Spending and Rewards

Starryblu simplifies the "remittance lifecycle" by ensuring that once funds arrive, they are easy to use. The Starryblu Card (available in both physical and virtual formats) supports multi-currency spending across various scenarios. It is compatible with major mobile payment platforms like Google Pay and Apple Pay, enabling seamless transactions at millions of merchants worldwide.

To add further value to the user experience, Starryblu integrates a robust rewards system:

• Global Consumption Cashback: Users can enjoy rewards on their spending, with potential cashback reaching up to 100%.

• Withdrawal Perks: The platform frequently issues coupons for free withdrawals at ATMs and participating points globally.

• Yield on Balance: Accounts can enjoy daily earnings on their balances with an annualized yield of up to 3%, providing flexibility and growth simultaneously.

Disclaimer: Actual transfer speed, savings, exchange rates, cashback rates, rewards, and coverage may vary depending on country or region, transaction amount, currency, and other factors. Terms and conditions apply.

AI-Powered Financial Intelligence

One of the most innovative features of Starryblu is the AI Agent, which automates the more tedious aspects of currency management. Users can set a target exchange rate for a specific currency pair. When the market moves to that target, the AI Agent automatically executes the exchange. This automation frees users from constantly monitoring market fluctuations, ensuring they always get the rate they want without manual intervention.

Security and Regulatory Compliance

Trust is the most essential component of any global financial services product. Starryblu is a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS).

Starryblu holds an MPI license in Singapore and is regulated by MAS, while also operating with licenses in other countries and regions globally. By partnering with top-tier investment institutions and partners, Starryblu ensures the security of your funds.

To further protect user assets, funds are held in specialized safeguarding accounts at OCBC Bank in Singapore. These accounts are isolated from corporate funds, ensuring that your money is always protected. Combined with an account safety insurance policy of up to 2 million SGD and adaptive multi-factor authentication (MFA), Starryblu provides a secure foundation for your global financial life.