I. Hungary Opposes EU Tariff Expansion—Signals Openness to Asia-Pacific Cooperation

In 2025, Hungary once again stood apart from most EU members by opposing additional tariffs on Asia-Pacific imports. Prime Minister Viktor Orbán stressed that overprotectionism could damage small countries’ reliance on Asian manufacturing and labor—a sentiment resonating with many overseas Filipino-Chinese working in Europe.

As cross-border labor migration grows, especially in Denmark and Hungary, a large number of overseas workers and students face a critical financial question:

How can they send Danish Krone to the Philippines quickly, safely, and at a better rate than banks offer?

II. Why Banks Are No Longer the Best Option

According to the World Bank’s Remittance Prices Worldwide (2024), sending money from Europe to the Philippines costs an average of 6.2% via traditional banks, versus just 2.68% using digital methods.

Common issues with bank transfers include:

• Unfavorable Exchange Rates: Banks often add a hidden margin of 2–4% on top of the interbank rate.

• Slow Processing Times: Transfers typically take 3–5 business days, or longer during public holidays.

• Cumbersome Procedures: SWIFT codes, bank addresses, and error-prone forms cause frequent delays or failures.

III. Panda Remit: The Modern, Bank-Beating Solution for Overseas Chinese

Panda Remit specializes in individual cross-border remittances, and supports Danish Krone to Philippine Pesotransfers with benefits designed for the overseas Chinese community:

Better Exchange Rates, No Hidden Fees

• What you see is what your recipient gets—real-time market rates, clearly displayed.

• No hidden markups or surprise deductions.

• Users often receive 3–5% more than via traditional banks.

Fully Bilingual App for All Ages

• Chinese and English interfaces make the app user-friendly for all generations.

• Step-by-step navigation and real-time tracking improve confidence and clarity.

Compliant & Secure

• Operates under regulatory frameworks across Europe and Asia.

• Transactions are fully encrypted and monitored to protect personal and financial data.

Flexible Delivery Options in the Philippines

• Funds can be sent to local bank accounts or e-wallets like GCash, ideal for families, students, and healthcare payments.

IV. Hear From Real Users

“I used to send money to my family through the bank, but fees were crazy. Panda Remit gives me more value and it's much faster.”
— Zhang Wei, Chinese worker in Denmark

“The Chinese interface makes it so easy. Even my parents in Manila figured it out on their own.”
— Jenny, Filipino-Chinese student in Hungary

V. Don’t Let Banks Drain Your Wallet — Switch to Panda Remit

Whether you're supporting family, funding education, or sending emergency funds—Panda Remit helps you do it faster, safer, and with better value.

 Sign up for Panda Remit today and enjoy zero fees on your first transfer!