How do we collect this data?
To help customers understand the benefits of using Panda Remit, we compare our exchange rates, service fees, and the amount customers can receive with those of other mainstream remittance service providers. We do this by collecting and calculating data in the following way:
To ensure that we provide accurate and up-to-date information to our customers, we regularly visit the public websites of various remittance service providers to obtain their current exchange rates and service fees. We also check the middle market exchange rate on an hourly basis. To estimate the hourly exchange rates of these providers, we record the percentage difference between their exchange rates and the middle market exchange rate at a fixed time. By adding this percentage difference to the hourly middle market exchange rate, we can obtain a fair estimate of the provider's exchange rate.
Please note that the exchange rates, handling fees, and amounts received for remittance products in some countries may be obtained from third-party websites, which may cause delays in updating the data. These figures are for reference only and are subject to change without prior notice. We appreciate your understanding in this matter.