I. Cross-Border Remittance Demand Soars: The Impact of Policies and Exchange Rates

In recent years, cross-border remittances have become essential for many individuals, especially students and workers moving across borders. With Romania and Portugal seeing increased labor migration and academic exchanges, the demand for remittances has grown rapidly.

As of early August 2025, the Romanian Leu (RON) to Euro (EUR) exchange rate stands at approximately 1 EUR = 4.95 RON, a slight fluctuation compared to last year. For students paying tuition fees or families sending money for support, this exchange rate shift can have a significant impact on the final amount received and the fees charged. Choosing a platform with low fees and high exchange rates is crucial for users needing cross-border transfers.

II. The Benefits and Challenges of Online Currency Exchange

In today's digital age, online currency exchange has become a primary method for cross-border remittances. Traditional banks often have higher processing fees and longer transfer times, while online platforms allow users to transfer money in just a few minutes with transparent fees.

However, online remittance services come with challenges. Some platforms charge higher exchange rates, leading users to receive less money than expected. Furthermore, certain platforms may not offer sufficient security measures, putting users' personal information and funds at risk.

III. Panda Remit: Low Fees, High Exchange Rates, and Secure Transfers

Among the many cross-border platforms, Panda Remit stands out for its low fees, fast transfers, and robust security measures, making it a preferred choice for users. Here are the unique advantages of Panda Remit:

1. Real-Time Exchange Rates to Save Costs

Panda Remit offers real-time exchange rates that are closely aligned with global markets, ensuring users get the best value for their money. For larger transfer amounts, even small differences in exchange rates can save significant amounts of money.

2. Low Fees, High Value

Panda Remit has transparent fees, and they are generally lower than traditional banks. For example, transferring 1,000 RON to Portugal can save users up to €20 in fees compared to using a bank, which can add up to significant savings for regular remitters.

3. Simple App Operations, Transfers in 5 Minutes

All transactions must be processed through Panda Remit's App, ensuring a secure and seamless experience. Users only need to upload necessary identification and transfer purpose documents, and they can complete their transfers within minutes from their smartphones.

4. Cross-Border Payment Security

Panda Remit employs robust security protocols to safeguard users' funds and data. All personal information is encrypted to prevent unauthorized access, and the platform complies with local and international regulations to ensure every transfer is legitimate.

IV. Documents You Need to Prepare

Before making a cross-border transfer, you will need to gather the following documents:

1. Identification Documents (e.g., Passport, Residence Permit);

2. Transfer Purpose Documents (e.g., tuition fee bills, family relationship proofs);

3. Recipient's Bank Information in Portugal (e.g., Name, IBAN, Local Bank Information).

These documents can be uploaded directly through the Panda Remit App, streamlining the process compared to traditional banking methods.

V. Choose Panda Remit for Low Fees, High Exchange Rates, and Secure Transfers

The choice of remittance platform is crucial for the safety and timely delivery of funds. Whether you are a Romanian student in Portugal or a worker sending money home, Panda Remit offers low fees, high exchange rates, and a secure transfer process, making it the best choice for your cross-border payment needs

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