Banco PAN vs M-Shwari.
Banco PAN (B75/100) and M-Shwari (M52/100), 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 M-Shwari 5-1.
| B Banco PAN №21 · BACEN 75 /100 | M M-Shwari №69 · KDIC 52 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 52 /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 | Payment inst. KDIC |
| Deposit guarantee Per depositor | €250,000 BR.FGC | Safeguarded KE.KDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| 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 | 4.4 ★ iOS 4.4 · And 4.4 |
| 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 M-Shwari if…
Kenya's largest mobile-banking product — Safaricom (M-Pesa) + NCBA Bank partnership. Sits inside the M-Pesa app; ~30M Kenyan users. NCBA Bank holds the underlying full bank licence (CBK-regulated); KDIC cover via parent.
- Best for fees M-Shwari won 1 of 4
- Best for protection Banco PAN won 2 of 2
- Best for reach Banco PAN won 1 of 3
- Best for ux Banco PAN won 1 of 2
Banco PAN vs M-Shwari — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Banco PAN better than M-Shwari?
Under our v3 methodology, Banco PAN leads M-Shwari 5–1 across 12 dimensions. Composite scores: Banco PAN 75/100 vs M-Shwari 52/100. 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 M-Shwari cheaper?
Monthly fee — Banco PAN: €0; M-Shwari: €0. Card FX markup — Banco PAN: 3.00%; M-Shwari: Interbank. M-Shwari 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 M-Shwari?
Banco PAN holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. M-Shwari holds a Payment inst. licence under KDIC; deposit guarantee per depositor: Safeguarded. Banco PAN is the stronger pick on regulatory protection.
Where can I use Banco PAN and M-Shwari?
Banco PAN operates in 1 country; M-Shwari operates in 1 country. 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.