INSUBCONTINENT EXCLUSIVE:
TransferWise, the European fintech unicorn that enables low-cost international money transfer, has always had ambitions of being a platform
In addition to its direct-to-consumer app, the company offers an API for integration with other fintechs and banks, although it is fair to
say that third-party integrations of this kind have been quite slow to come by
With that said, the number of third-party integrations appears to be picking up pace.The latest bank to offer TransferWise functionality is
addition to a small, transparent fee
At launch, 15 currencies are supported, and over the coming weeks more currencies will be added.Back in June when TransferWise unveiled its
partnership with fast-growing U.K
longer established incumbents who historically have made a lot of revenue from foreign exchange fees
Perhaps being diplomatic, he argued that those conversations are quite similar, and usually centres on the fact that customers are already
using TransferWise and that if a bank wants to put those customers first it makes sense to offer TransferWise functionality within its own
We think TransferWise is a valuable addition to solidify that mission
