PanPay provides a financial technology platform that enables businesses to open offshore accounts and conduct multi-currency transactions without mandatory deposits or hidden fees. The service addresses the challenges of cross-border payments by offering real-time currency exchange and secure fund management, ensuring compliance with regulatory standards.
Funding
$2.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border transactions often involve mandatory deposits, hidden fees, and complex procedures, creating barriers for businesses seeking to operate internationally. Existing solutions may lack multi-currency support and real-time exchange capabilities, hindering efficient fund management and global commerce.
Solution
PanPay offers a financial technology platform that enables businesses to open offshore accounts and conduct multi-currency transactions, supporting global trade without requiring mandatory deposits or imposing hidden fees. The platform provides real-time currency exchange and secure fund management, ensuring compliance with regulatory standards. PanPay facilitates global payments and currency conversion, allowing businesses to manage international finances through a single platform. By partnering with financial institutions like DBS Bank, PanPay offers multi-currency accounts that support various currencies, streamlining international transactions.
Target Audience
PanPay primarily serves small and medium-sized enterprises (SMEs) and cross-border e-commerce businesses engaged in international trade, as well as financial institutions seeking cross-border payment solutions.
Features
- Offshore account opening without mandatory deposits or complex requirements
- Multi-currency transactions supporting USD, EUR, GBP, HKD, and CNH
- Real-time currency exchange with transparent fees
- Integration with local payment systems like CHATS and FPS in Hong Kong
- SWIFT support for global wire transfers
- Funds held in segregated accounts at major banks
- Online account application with local customer support
- Supports both B2B export and import trade