What is PanPay & PanPay Review

PanPay is a comprehensive financial technology company that provides multi-currency bank accounts, global payment and collection, currency exchange, bank cards and other services to businesses and individuals.

PanPay name composition

PanPay = Pan + Pay. Pan (root): popular/widespread/panoramic; Pay: payment/settlement. It means PanPay is committed to global financial services and has become a global financial benchmark. It started with payment but is more than just payment. Since its inception, PanPay has used a global vision and standards to demand itself, and is committed to providing customers with convenient products, reliable services, and creating value for customers through the technology + finance approach.

PanPay Service

1. Remote account opening: Submit account opening information and apply for an account online without going to the counter;

2. Global collection: support 26 mainstream currencies worldwide;

3. Global payment: support global payment and free allocation of funds;

4. Exchange: Exchange any of 26 mainstream currencies and enjoy the real-time exchange rate of foreign central banks.

Brand Story

The founder, Allen, has more than 10 years of experience in the cross-border payment industry. He has worked in McKinsey, Microsoft, ICBC, UnionPay International, etc. He has an international vision and Chinese wisdom. He is well aware of the pain points of foreign trade companies and the limitations of domestic and foreign commercial banks. Therefore, he founded PanPay, hoping to help companies or individuals enjoy more convenient and professional offshore banking services.

Brand positioning: China's first financial technology company to provide global banking services;

·Corporate mission: To provide financial services to small and medium-sized enterprises in China and around the world without leaving their homes;

·Corporate values: simplicity, trust, and value.

Development History

-In June 2015, we prepared Panpay Finance and started applying for the EU digital banking license.

-In November 2017, it received angel investment from Mr. Liu, investment director of the well-known investment institution Fortune Venture Capital; Panpay Europe obtained the EU digital banking license and institutional clearing number.

-In 2018, Panpay Europe obtained the Swift code for financial institutions of the Society for Worldwide Interbank Telecommunication; Panpay Hong Kong obtained the Hong Kong Money Service Provider License; Panpay Finance received Pre-A round investment from the well-known investment institution Source Code Capital; Panpay Hong Kong obtained the foreign-related business qualification from the State Administration of Foreign Exchange of China.