1. Cross-Border Remittance Demand Soars as Romania and Latvia Strengthen Ties

With the EU’s free movement policy, increasing numbers of Romanians are moving to Latvia for work, study, and long-term residence. According to Eurostat 2025, the number of Romanian residents in Latvia has risen by over 20% in the past two years. This has led to a growing demand for personal remittances, including payments for tuition, living expenses, and family support.

However, traditional banks’ remittance services are not always ideal. High fees, slow transfers, and complex procedures have pushed many users to look for more efficient and secure alternatives.

2. Traditional Bank Transfers: High Fees and Slow Processing Times

While many people still use banks for remittances, they often face the following issues:

• High fees: A single transfer can cost between €30 and €50;

• Poor exchange rates: Banks often offer exchange rates lower than the market rate;

• Complicated process: Involves filling out forms and waiting in line at branches;

• Slow transfers: Bank transfers typically take 3–5 business days.

For urgent payments such as tuition fees or living expenses, waiting for days just isn’t practical.

3. Panda Remit: Borderless Payments and 2-Minute Transfers

Compared to traditional bank transfers, Panda Remit offers a more efficient and cost-effective solution for personal remittances. Especially for RON to EUR transfers from Romania to Latvia, Panda Remit’s instant transfers, low fees, and real-time exchange rates make it the platform of choice.

Borderless Payments – Send Money Anytime, Anywhere

Panda Remit offers a borderless payment experience, allowing users to send money directly via their mobile app, no matter where they are in the world. Whether you’re transferring from Romania to Latvia or any other country, just open the app and you’re good to go.

2-Minute Transfers – Fast, Reliable, and Real-Time Rates

Panda Remit supports transfers in as little as 2 minutes, with real-time exchange rates that ensure you get the best possible value for your money. This is a significant improvement compared to the traditional 3–5 day wait for bank transfers.

Low Fees, High Value

Panda Remit charges lower fees than traditional banks, and provides a more transparent fee structure. You’ll know exactly how much you’re paying before you make the transfer.

Secure and Compliant

Panda Remit uses industry-leading encryption to secure all transactions, ensuring the safety of your funds. The platform adheres to AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations, ensuring compliance and security.

4. How to Use Panda Remit: 3 Simple Steps

1. Download and register on the Panda Remit app;

2. Enter remittance details (e.g., recipient name, amount, purpose);

3. Confirm and send—the transfer typically completes within 2 minutes.

The process is quick, simple, and transparent, allowing you to track your transfer in real time.

5.  Panda Remit – The Smarter Way to Send Money

If you’re looking for a faster, more secure way to send money across borders, Panda Remit is the perfect choice. It solves the problems of traditional bank transfers by offering real-time rates, low fees, and instant transfers, all from your mobile phone.

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