Latest news with #PandaRemit
Yahoo
26-05-2025
- Business
- Yahoo
Panda Remit partners with dLocal for African payments push
Remittance company Panda Remit has teamed up with cross-border payment platform dLocal to expand its payout capabilities within African markets. The alliance seeks to address challenges such as high transaction fees, delays, and accessibility issues. According to dLocal, the collaboration enables Panda Remit to provide recipients in 'critical' African geographies with 'more efficient' and quicker solutions. This move is said to support market expansion, while lowering transaction costs. Through this partnership, Panda Remit will provide access to various local and alternative payment methods, including bank transfers and mobile wallets such as M-Pesa, Orange, and Airtel, across markets in North, West, and East Africa The alliance is expected to result in faster money transfers, reduced costs, and improved security and flexibility for both senders and recipients. Panda Remit head of region Alfred Yang said: "Partnering with dLocal enables us to expand our presence across Africa, offering reliable payout options that meet the diverse needs of our users. At Panda Remit, it's crucial to simplify international cross-border remittances and provide an affordable, efficient way for users to send and receive funds." dLocal head of China Justin Goh stated: "Seamless remittances are a lifeline for millions in emerging markets, and enabling fast, cost-effective cross-border payments is at the core of what we do. By partnering with Panda Remit, we're driving their expansion of financial services across Africa, enabling faster, more secure fund transfers that not only benefit individuals but also strengthen the remittance landscape." Earlier in the month, dLocal expanded its partnership with PayPal, aiming to offer businesses improved payment processing capabilities in over 40 emerging markets. "Panda Remit partners with dLocal for African payments push " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
23-05-2025
- Business
- Finextra
Panda Remit expands into Africa with dLocal
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, has announced a strategic partnership with Panda Remit, a global remittance provider facilitating fast and cost-effective international money transfers. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Through this partnership, Panda Remit expands its payout capabilities, offering secure and efficient payment solutions for recipients in Africa. Access to fast and reliable remittance services is crucial for individuals in emerging markets. However, traditional remittance solutions often come with high fees, delays, and limited accessibility. In Africa, where mobile wallets and bank transfers are essential for financial inclusion, ensuring a seamless payout experience is critical. According to the World Bank, Sub-Saharan Africa has the highest remittance costs globally, with an average of 8.72% for sending $200 in 2022. Additionally, 52% of adults in Sub-Saharan Africa lack access to formal financial services. By leveraging dLocal's payment network, Panda Remit is able to tackle these challenges head-on, offering recipients in critical African markets faster, more efficient solutions. This collaboration reduces transaction costs, increases operational efficiency, and accelerates market expansion, ensuring reliable access to funds for those who rely on remittances. With access to local and alternative payment methods—including bank transfers and mobile wallets like M-Pesa, Orange, and Airtel—across key markets in North, West, and East Africa, Panda Remit now offers tailored solutions that meet diverse recipient needs. This integration enables faster transfers, lower costs, and enhanced security and flexibility, improving the experience for both senders and recipients. This partnership exemplifies a shared commitment to transforming remittance services in Africa. dLocal and Panda Remit are not only supporting global financial accessibility but also enabling greater access to funds into the fast-growing African market. This collaboration strengthens Panda Remit's position as a key player in offering seamless cross-border remittance services across the continent. 'Partnering with dLocal enables us to expand our presence across Africa, offering reliable payout options that meet the diverse needs of our users,' said Alfred Yang, Head of Region at Panda Remit. 'At Panda Remit, it's crucial to simplify international cross-border remittances and provide an affordable, efficient way for users to send and receive funds.' 'Seamless remittances are a lifeline for millions in emerging markets, and enabling fast, cost-effective cross-border payments is at the core of what we do,'Justin Goh, Head of China at dLocal. 'By partnering with Panda Remit, we're driving their expansion of financial services across Africa, enabling faster, more secure fund transfers that not only benefit individuals but also strengthen the remittance landscape.'
