As economic and educational ties between the Netherlands and Latin America deepen, demand for personal cross-border remittances from the Netherlands to Peru has steadily increased. According to Statistics Netherlands (CBS) in April 2025, the number of Peruvian students and migrant workers living in the Netherlands rose by 7.6% year-on-year.

At the same time, Dutch financial regulators have tightened personal currency exchange rules, capping annual purchase limits and requiring higher transparency in cross-border payments.

For EUR to PEN transfers, especially involving study-related expenses or family support, finding a safe, efficient, and low-cost solution is now essential.

According to De Nederlandsche Bank (DNB) Q1 2025 report, traditional banks face three major drawbacks:

• Average fee: €20–40 per transaction;

• Delivery time: 3–5 business days;

• Non-transparent exchange rates: Unpredictable final amounts.

For students and individuals needing quick fund transfers, this setup is far from ideal.

Why Are More People Using Digital Remittance Platforms?

According to the EU Payments Market 2025 Annual Report, over 72% of personal cross-border payments are now handled via mobile apps. For high-volatility currency pairs like EUR to PEN, over 65% of users prefer platforms offering instant conversion.

One standout option in the Netherlands is Panda Remit, a fintech service specializing in personal cross-border transfers.

Key Advantages of Panda Remit:

1. Real-Time Exchange Calculation and Instant Conversion
Users can check live EUR to PEN rates within the app and execute transfers instantly, avoiding unnecessary losses due to market fluctuations.

2. Fees as Low as 1/10 of Banks
With transaction fees between €2–3 (source: Panda Remit Official Website, July 2025), users can save up to 90% compared to traditional channels.

3. Multiple Payout Options
Supports local Peruvian bank accounts and popular e-wallets, ensuring flexible payment scenarios for education and family support.

4. Security and Regulatory Compliance
Licensed under both the Netherlands Authority for the Financial Markets (AFM) and Peru’s Central Reserve Bank (BCRP), Panda Remit adheres to GDPR and other global data protection standards.

Real-World Example:

Luis, a student at Utrecht University, reports that sending tuition payments to his family in Peru via Panda Remit takes as little as 2 minutes to complete, with average delivery times between 5–10 minutes—all done within the app.

Personal Currency Exchange Limit Reminder:

According to DNB's 2025 policy, individual annual exchange purchase limits are capped at €100,000. Panda Remit’s app allows users to set purchase limit alerts to ensure compliance.

Quick Comparison Table:

Conclusion:

If you live in the Netherlands and need to exchange euros for Peruvian soles—whether for study expenses or personal remittance—Panda Remit offers a more economical and efficient solution.

Register for Panda Remit now and enjoy zero fees on your first transfer!