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

Global payments Paysend outmatching World Bank Covid forecasts

UK-based global FinTech firm Paysend today released figures showing the extensive growth of its Global Transfers service experienced during the coronavirus... Read more »

TransferWise valuation jumps to $5bn in $319m secondary share sale

TransferWise today announces secondary sales amounting to a total of $319 million at a new... Read more »

Report from Paysend shows 270 million women worldwide are excluded from day to day banking

• White paper released by FinTech firm Paysend, cites Infrastructure, cultural attitudes, and education as the main reasons why 270 million more women than men globally lack... Read more »

TransferGo reaches two million customers worldwide and launches in 11 new markets

TransferGo, one of the world’s fastest growing money transfer companies, today announced that its global customer base has surpassed two million and continues... Read more »

Genome is waiving service fees for all low-risk businesses as a support act during the COVID-19 pandemic

Genome is an Electronic Money Institution, licensed by the National Bank of Lithuania, founded in 2018. Specializes in online financial services for personal and business needs... Read more »

TransferGo and RDC partner to combat financial crime

TransferGo, one of the world’s fastest growing money transfer companies, today announced it is extending its partnership with RDC, the global leader in compliance screening.... Read more »

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