Pangea Money Transfer, a mobile-centric remittance platform for sending money from the U.S. to 15 countries across Asia and Latin America, has dropped its flat rate money transfer fee for senders to India by more than 20 percent -- from $4.99 down to $3.95. While Pangea is already a top-ranked service for new senders, including bank deposits within minutes, low flat fees and some of the best exchange rates in the industry (as seen on comparison sites such as Remit Rate), this update is expected to further solidify loyalty to the platform.

“At Pangea, we’re constantly looking for ways to provide our loyal customers and their families with a better money transfer experience,” said CEO Nishu Thukral. “Recently, we innovated our product to allow deposits to any bank account in India within minutes. Within a few days of that, we heard from a grateful customer who had to remit funds instantly to help pay for a medical emergency, and it was possible because of Pangea. With the recent pricing update, our customers will be able to access more affordable transfers while maintaining the speed of delivery.”

The Pangea mobile app makes it easy for users from the U.S. to securely send money in seconds to friends and family. The set-up process takes only minutes, and 98 percent of recipients experience the end-to-end transfer within minutes. The app’s features include one-click repeat transfers, an intuitive user experience and a transparent flat-rate fee structure. Recipients can get their money in cash at thousands of pickup locations or have it deposited directly into a bank account or onto a debit card.