Fast -most recipients receive funds within 30 seconds Low and transparent flat fees from US $3.95 to $8 Simple, user-friendly interface
Pangea is a money transfer provider established in 2012 and is dedicated to providing fast, simple, fair and secure transactions. The service currently enables people in 26 US states to send money to 15 countries across Latin America and Asia. They’re mobile first--which means they’re focused on enabling users to send money internationally from your phone (their desktop site is simply a mirror of their mobile app). The app is available for both iOS and Android users. Pangea proudly says you can complete a transfer via the mobile app less than in 30 seconds, and reviews indicate they live up to their promise. Senders pay with a debit card and recipients get the money from their bank account or at cash pickup locations. Sending and receiving options vary depending on location.
Fees are flat, differ by country and are paid by the sender. For example, sending money from the US to Mexico costs US $4.95 per transfer, but to India it costs $3.95 and to China it’s $8. Transfer limits are US $2999 for bank transfers and US $1500 for cash-pickups. The minimum amount is $20.
They’re particularly competitive for transfers to bank accounts in China, Guatemala, Malaysia and Vietnam for transfers for cash-pickups in India, Philippines, Bangladesh, Bangladesh, Colombia, Guatemala, Indonesia, Vietnam.
Pangea gets great customer reviews on Trustpilot, with an average rating of 7.9 stars out of 10. Here’s a summary of what Pangea customers have to say:
Pangea is subject to a wide range of laws and regulations of the recipient countries and is currently licensed and regulated by 26 individual state regulations across the US.
They received $20.4 million in venture capital funding from major institutional investors including Jump Capital and Chicago Ventures to grow the business. The company is headquartered in Chicago, Illinois, USA and they won “Best User Experience” and “Fastest Transfer” at the 2017 Finder Money Transfer Awards.
The beneficiary doesn’t need a Pangea account, but you will need to supply the receiver’s full name and city. If you include their telephone number, they’ll get a text message confirming the transfer.
|Time to open an account||-|
|Advanced currency contracts||No|
|Type of service provider||Online money transfer operators|
|Offices in||United States|