With the growing number of Chinese students studying in Italy and Chinese workers living there, one common and pressing need has emerged: how to exchange Euros to Chinese Yuan (CNY) safely and remit money to China efficiently.

1. Rising Demand, Rising Risk

According to recent data, over 20,000 Chinese students are currently studying in Italy, while the Chinese community exceeds 300,000. These individuals often need to exchange Euros to CNY to pay tuition, cover living expenses, or send money home to support family members.

However, informal exchange methods—often promoted through social media or WeChat groups—pose serious risks. Earlier this year, the Chinese Consulate General in Milan issued multiple warnings, reminding citizens not to engage in private or unlicensed currency exchange due to the high risk of fraud.

2. Common Pain Points When Exchanging Money

Hidden fees & poor rates

Traditional banks charge high service fees, and some providers claim "zero fees" but offer poor exchange rates that cost users more in the long run.

Delays in transfer time

Many platforms require 1–3 business days for the money to arrive, which can be problematic when payments are time-sensitive, like tuition or rent.

Complex procedures

Some platforms are not user-friendly, especially for those unfamiliar with Italian or international banking procedures.

3. Panda Remit: A Smart, Safe Solution for Euro to CNY Transfers

Panda Remit stands out as a trusted solution for individuals who need to exchange and send money from Italy to China, especially students and migrant workers.

Why Choose Panda Remit?

•  Supports Euro to CNY exchange, with live exchange rates and no hidden charges

•  Zero fees on the first transfer, and very competitive fees afterward

•  Superfast transfers — funds can arrive in as little as 2 minutes, average time around 10 minutes

•  User-friendly mobile app with full Chinese language support

•  Regulated and licensed in multiple countries, ensuring financial safety

•  Multiple payment methods supported, including SEPA transfer, bank card, and credit card

4. Real-Life Scenarios

Case 1: Zhao, a university student in Milan
"I used to pay tuition via the bank, and it was slow and expensive. With Panda Remit, my parents in China can send money within minutes, and the whole process is super easy through the app. No more stress."

Case 2: Ms. Li, a worker in Florence
"I send money back to my family in Guangzhou every month. Panda Remit gives me better exchange rates than local services, and the money arrives in minutes. It’s safe, fast, and convenient."

5. Stay Safe, Stay Informed

In today’s global landscape, where financial fraud and hidden fees are more common than ever, it’s essential to choose a licensed and secure platform for foreign exchange and remittances.

Whether you're a student abroad, a working professional, or simply sending money back home, Panda Remit offers a transparent, affordable, and secure way to manage your international money transfers.

New users enjoy zero-fee first transfers! Start your journey now:

https://www.pandaremit.com/zh/chn/register