Pangea Money Transfer Launches in Honduras

Pangea Money Transfer Launches in Honduras
02.05.2017 07:45 am

Pangea Money Transfer Launches in Honduras

Money Transfers

Pangea Money Transfer, a remittance app built for the mobile user, has expanded its service into Honduras. With this addition, Pangea’s application is now available in six Latin American countries, including Mexico, Colombia, Guatemala, El Salvador and the Dominican Republic. 

After raising a new round in December 2016, the company has embarked on a rapid expansion process with plans to be available in 16 more countries across three different continents by Q3 2017.

The Pangea app makes it easier for users from the U.S. to quickly and securely send money to friends and family in a few simple steps. The app features an intuitive set-up process that takes only a few seconds, a smooth user interface and a low, transparent fee structure. Registered senders can just login and repeat past transfers in only one click. Within minutes, 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.

“Pangea was created, first and foremost, around the idea that time is money,” said CEO Nishu Thukral. “It was built with simplicity and mobility in mind, so you never have to wait in line or fill out a form ever again when sending money to your loved ones. We’re so happy to now offer our product to more Latin American senders in the U.S., and we hope to soon serve other immigrant populations with the same standards around ease of use.”

According to the Migration Policy Institute, 85 percent of Central Americans in the U.S. come from Guatemala, El Salvador and Honduras, and they represent the fastest-growing Latino immigrant population. In 2016, more than $15 billion in remittances was sent from the U.S. to Central America via formal channels, for more than 50 percent growth in less than five years.

The Pangea Money Transfer app is available for free on iOS and Android, or you can try it out online at GoPangea.com. To inquire about becoming a Pangea partner, click here. 

Related News

MoneyGram MobilePass Expands in the US

MoneyGram announces the significant expansion of its award-winning MoneyGram MobilePass service to thousands of U.S. agent locations. 

In addition to the company's other... Read more »

Money Transfer Company, Ping Express, Signs with AU10TIX for 2nd Generation ID Authentication & Face Matching Automation

US cross-border money transfer services provider, Ping Express, integrates AU10TIX ID authentication and biometric face-matching automation to speed-up and protect worldwide... Read more »

WorldRemit Adds International Remittances to Huawei’s Suite of Mobile Money Products

Leading digital money transfer service WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of... Read more »

ANZ Decreases Money Transfer Fees to Pacific

ANZ today announced it was reducing international money transfer fees from Australia to five Pacific countries, effective immediately. 

The fee for an international... Read more »

Moneymailme Collaborates with Prepaid Financial Services to Launch Virtual and Physical Cards

Social money transfer app Moneymailme has partnered with Prepaid Financial Services to provide Moneymailme users with access to virtual and physical cards. 

The... Read more »

Pangea Money Transfer Launches in Asia

Pangea Money Transfer, a mobile-centric remittance platform, has announced today that it’s bringing its award-winning, instant money transfer service to Asia the week of July... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53, +44 (0) 173 261 71 47 Download Our Mobile App