Remitly vs Panda Remit: The Best Way to Send Money from the UK to Peru

Introduction

Imagine you need to support your family in Peru, pay tuition fees, or send emergency funds quickly. In moments like these, knowing how to make fast and affordable transfers matters. If you’ve searched for “Remitly send money Peru”, you’re in the right place.

Remitly is one of the most trusted digital transfer platforms for UK users sending money abroad. At the same time, alternatives such as Panda Remit offer zero-fee first transfers and loyalty rewards, making them an appealing choice for cost-conscious senders.

Can You Send Money to Peru with Remitly?

Yes. Remitly supports transfers from the UK to Peru. You can send funds through several channels:

• Bank deposit – Direct to Peruvian bank accounts.

• Cash pickup – Funds can be collected at designated partner locations.

• Mobile wallet – Depending on the recipient’s provider, this may also be supported.

Remitly transfers to Peru are generally available throughout the country, though delivery options may vary by location. Panda Remit also offers instant transfer options in some corridors, giving users added flexibility.

Common Banks in Peru

Below are some of the most common banks in Peru that typically receive Remitly transfers:

• Banco de Crédito del Perú (BCP)

• Interbank

• BBVA Perú

• Scotiabank Perú

• Banco Pichincha

Popular Mobile Wallets

While bank deposits remain dominant, mobile wallets are growing in popularity. Examples include:

• Yape

• Plin

• Tunki

Step-by-Step Guide — How to Use Remitly for Peru

Here’s how to send money from the UK to Peru using Remitly:

1. Create a Remitly account
   Sign up at www.remitly.com or via the mobile app.

2. Verify your ID
   This step ensures compliance with financial regulations.

3. Choose Peru as your destination
   Select Peru from the list of recipient countries.

4. Select delivery method
   Choose bank deposit, cash pickup, or mobile wallet.

5. Enter recipient information
   Provide accurate personal and banking details.

6. Pay and track your transfer
   You can follow your transfer status in real time.

👉 Panda Remit also allows fully online setup and offers zero-fee first transfers, making it convenient for first-time users.

Fees, Exchange Rates & Limits

Remitly’s pricing consists of a fixed fee and an exchange rate markup. Here’s an example for sending from the UK to Peru:

• Exchange Rate: 1 GBP ≈ 4.5828 PEN

• Transfer Fee: £2.99 per transaction

Daily and monthly transfer limits apply based on your account verification level. Panda Remit offers zero-fee first transfers and periodic coupon codes, which can reduce overall costs.

Transfer Speed & Delivery Options

Remitly provides two main speed choices:

• Express: Near-instant delivery, ideal for urgent transfers.

• Economy: Lower fees and better exchange rates, usually taking 3–5 business days.

Delivery Channels

• Bank deposits – Fast and secure.

• Cash pickups – Convenient for recipients without bank accounts.

• Mobile wallets – Useful for recipients who prefer mobile payments.

Panda Remit is known for instant bank deposits and same-day delivery in supported countries, providing additional speed advantages.

Useful Tips Before Sending Money

To get the most out of your international transfer:

• Monitor exchange rates – Even small rate changes can affect the received amount.

• Avoid credit card fees – Use bank transfers or debit cards for lower costs.

• Double-check recipient details – Errors may cause delays or failed transfers.

• Compare providers before each transfer – Pricing can change frequently.

• Leverage promotions – Referral bonuses and coupons can offer extra savings.

Conclusion & Recommendation

Remitly is a trusted and widely used platform for sending money from the UK to Peru, with flexible delivery methods and reliable service. However, Panda Remit offers zero-fee first transfers and loyalty rewards, making it a valuable alternative for cost-conscious users.

For regular transfers, comparing both providers each time ensures you get the best rates and lowest fees for every transaction.