{"id":1078980,"date":"2026-06-01T15:45:26","date_gmt":"2026-06-01T19:45:26","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1078980"},"modified":"2026-06-01T15:45:26","modified_gmt":"2026-06-01T19:45:26","slug":"panda-remit-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/international-money-transfers\/panda-remit-review","title":{"rendered":"Panda Remit Review: Is It Safe & Competitive?"},"content":{"rendered":"

What is Panda Remit?<\/h3>

Panda Remit is a money transfer app and website that lets you send money to people in 40+ countries. You can pay with a debit card or by e-Transfer, and your recipient can get the money you send in a matter of minutes. Payout methods, exchange rates and fees vary depending on where you send money.<\/p>

Is Panda Remit legitimate in Canada?<\/h3>

Yes, Panda Remit is 100% legit. It\u2019s registered as a Money Services Business in Canada with FINTRAC and is authorized by the Autorit\u00e9 des march\u00e9s financiers (AMF) in Quebec.<\/p>

Is Panda Remit safe?<\/h3>

Yes, Panda Remit is a safe and regulated platform for money transfers.<\/p>

It has obtained PCI DSS (Payment Card Industry Data Security Standard) certification, while it also gives you the option to set up 2-factor authentication on your account for whenever you log in to your account or initiate a transfer.<\/p>

And if you ever have a problem with a transaction, Panda Remit offers 24\/7 global support.<\/p>

A closer look at the pros and cons<\/h3>
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Pros<\/h4>\n
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  • Send to 40+ countries<\/strong>. Panda Remit supports transfers to 40+ countries, including a wide range of Asian and European transfer destinations.<\/li>\n
  • Competitive rates.<\/strong> We found that Panda Remit had competitively low exchange rate markups of between 0.1% and 0.65% across a variety of currencies.<\/li>\n
  • Fast transfers.<\/strong> Your recipient can get the money you send in as little as 2 minutes.<\/li>\n
  • 24\/7 global support.<\/strong> If you have a problem with a transfer, Panda Remit offers 24\/7 customer support.<\/li>\n
  • Cash pickup.<\/strong> If you're sending money to Singapore, Thailand, Malaysia or Nepal, you also have the option of sending a cash pickup transfer.<\/li>\n
  • Highly rated app.<\/strong> The Panda Remit app has earned plenty of positive user reviews across the App Store and Google Play.<\/li>\n <\/ul>\n <\/div>\n \n
    \n

    Cons<\/h4>\n
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    • Promo rates displayed.<\/strong> The Panda Remit website shows promo exchange rates for new users, not the standard rates that apply to most transfers.<\/li>\n
    • Customer service issues.<\/strong> Some users complain about slow customer support response times.<\/li>\n
    • $100 minimum.<\/strong> Panda Remit has a minimum CAD transfer amount of $100.<\/li>\n
    • No large transfers.<\/strong> Panda Remit's maximum CAD transfer amount is $4,700.<\/li>\n
    • Limited reviews.<\/strong> Panda Remit has a limited number of reviews on sites like Trustpilot, whereas some of its more established competitors have tens of thousands of reviews.<\/li>\n <\/ul>\n <\/div>\n <\/div>\n

      Alternatives<\/h3>