INSUBCONTINENT EXCLUSIVE:
TransferWise, the London-headquartered international money transfer service most recently valued by investors at $3.5 billion, has partnered
from 17 currencies to users of Alipay, which serves more than 1.2 billion people worldwide including via its local e-wallet
ID to initiate a money transfer
TransferWise, which has sometimes struggled to secure the kind of partnerships that can accelerate its customer base and increase
According to a 2019 report the fintech is citing, China is projected to be one of the top remittance recipient countries in the world, with
second meaningful partnership that TransferWise has announced in the last few months
In November, it joined forces with GoCardless, the London fintech that lets customers pay via recurring bank payments (known as Direct
GoCardless is used by more than 50,000 businesses worldwide, spanning multinational corporations to SMBs, and the partnership sees its own
FX functionality powered by TransferWise.
