Banco PAN vs Mukuru.
Banco PAN (B75/100) and Mukuru (M63/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Banco PAN leads Mukuru 4-3.
| B Banco PAN №21 · BACEN 75 /100 | M Mukuru №46 · FCA 63 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 63 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | 3.00% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank BACEN | E-money inst. FCA |
| Deposit guarantee Per depositor | €250,000 BR.FGC | Safeguarded ZA.CODI |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 7 countries |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | No |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.5 ★ iOS 4.5 · And 4.4 | 4.5 ★ iOS 4.5 · And 4.6 |
| Read review → | Read review → | |
Pick Banco PAN if…
Brazilian full bank, BACEN-licensed since 1969 (digital pivot 2018). BTG Pactual majority owner since 2021. B3-listed. ~28M customers. FGC cover. Adds full-bank diversity to Nubank/Inter/C6 in BR; differentiates by payroll-deductible lending heritage.
Pick Mukuru if…
Pan-African remittance + financial-services platform — operates across Southern Africa + UK. ~14M users. Mauritius FSC-licensed parent. Cash-out via 100K+ Mukuru agents — physical reach is the structural differentiator. The other half of the pan-African angle alongside Chipper Cash.
- Best for fees Mukuru won 1 of 4
- Best for protection Banco PAN won 2 of 2
- Best for reach Tied
- Best for ux Mukuru won 1 of 2
Banco PAN vs Mukuru — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Banco PAN better than Mukuru?
Under our v3 methodology, Banco PAN leads Mukuru 4–3 across 12 dimensions. Composite scores: Banco PAN 75/100 vs Mukuru 63/100. Banco PAN is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Banco PAN or Mukuru cheaper?
Monthly fee — Banco PAN: €0; Mukuru: €0. Card FX markup — Banco PAN: 3.00%; Mukuru: Interbank. Mukuru wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Banco PAN or Mukuru?
Banco PAN holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. Mukuru holds a E-money inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Banco PAN is the stronger pick on regulatory protection.
Where can I use Banco PAN and Mukuru?
Banco PAN operates in 1 country; Mukuru operates in 7 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.