Austria’s Economic Shifts: Tariffs and Migration Policy Impact Remittance Needs

In 2025, Austria has implemented new tariff regulations and tightened its immigration policies, causing ripple effects for migrant workers and students. Among them, the Rwandan community in Austria has been particularly affected—facing higher living costs and a growing need for fast, cost-effective international transfers.

Yet, traditional Austrian banks still charge high fees (up to €10 per transaction) and suffer from slow transfer speeds(1–3 business days). So, what’s the smarter choice?

EUR to RWF: Now Is the Right Time

According to XE.com and OANDA, the current exchange rate in July 2025 sits around 1 EUR ≈ 1400 RWF, up nearly 4% from the previous year. This makes EUR to RWF transfers especially favorable for users wanting to send money to Rwanda.

But the right platform matters just as much as the rate.

Why Panda Remit?

Low Fees, Free First Transfer

Compared to Wise (which typically charges 1%-1.5% per transaction), Panda Remit offers the first transfer free for new users, and continues to offer some of the lowest fees in the market.

Real-Time Locked Exchange Rate

Panda Remit lets you lock in the current exchange rate before confirming the transfer—helping you avoid unexpected currency swings.

Fast Transfers

Transfers typically arrive in under 10 minutes, with some as fast as 2 minutes.

Flexible Receiving Methods

Your recipients in Rwanda can receive money via bank account or mobile wallets like MTN Mobile Money, making Panda Remit extremely convenient.

Comparison with Wise

Ideal for:

• Rwandans working in Austria

• Students needing to pay tuition or academic expenses

• Anyone supporting family financially back home

• Users seeking faster and cheaper remittance options

Try It Now — For Free!

Looking for a faster, smarter, and cheaper way to send money from Austria to Rwanda?
Panda Remit has you covered.
Sign up now and enjoy your first transfer for free!