Tagged: transferwise

Stealth Bank Transferwise Sees Valuation Hit $5 Billion – Report

Transferwise, a UK based global payments and transfer platform that has emerged as a leading stealth bank, will see its valuation hit $5 billion in a funding round that is said to be nearing completion. According to a report in SkyNews, Transferwise is set to… Read More

Stealth Bank: Transferwise Preps Investment Features with UK Roll Out Later this Year

  Transferwise, a top UK based Fintech and transfer/payments platform, has received Financial Conduct Authority  (FCA) approval to offer retail investment services, according to a report. Transferwise has emerged as a global stealth bank providing border-free currency services with ultra-low-cost transfers attacking the domain of… Read More

Consumers Losing Billions in Hidden Remittance Payments Costs, Nick Catino from Fintech TransferWise Reveals

Nick Catino, head of policy and campaigns (Americas) at Fintech firm TranserWise, recently discussed how the remittance rule affects the company’s pricing model. The Consumer Financial Protection Bureau, an agency of the US government responsible for consumer protection in the financial sector, has published the… Read More

Even Easier: TransferWise Users Can Now Make Instant Payments with Phone Contacts, No Bank Needed

TransferWise, a top Fintech and stealth bank, is making it even simpler to move money and make payments with a new feature that provides instant payments in more than 50 currencies both domestically and internationally. TransferWise’s millions of users who have a multi-currency account can… Read More

Canadian Banking Challenger EQ Bank has Reportedly Surpassed $3 Billion in Total Deposits

EQ Bank, the digital platform established by Canada-based challenger bank, Equitable Bank (TSX: EQB and EQB.PR.C), has reportedly surpassed $3 billion in total deposits. The increase in deposits is due to a recent growth in customers, the bank claims. EQ Bank noted that daily sign-ups… Read More

UK Fintech TransferWise Enables Australian Dollar (AUD) Direct Debits, Introduces “Pay with TransferWise” with Xero

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

UK Fintech TransferWise Enables Instant Money Transfers to Pakistan (PKR), Sri Lanka (LKR), Thailand (THB)

UK-based Fintech TransferWise recently revealed that customers can now send money instantly to several developing economies in Asia including Pakistan, Thailand, and Sri Lanka. The TransferWise team noted: “In the past, if you were sending money to Thailand (THB), Pakistan (PKR), or Sri Lanka (LKR)… Read More

Fintech TransferWise to Charge Small Fee to Produce, Deliver New Debit Cards, Becomes First Fully Online Money Transfer Service in UAE

Fintech TransferWise, a London-based online money transfer service founded in 2011, has been offering debit cards to its customers at no extra cost. The company supports hundreds of currency routes across the globe, including GBP, USD, EUR, AUD, and CAD. However, TransferWise recently noted: “From… Read More

Mambu Announces Integration With Transferwise

Mambu, a Berlin-based SaaS banking platform provider, announced this week it has formed a new partnership with global fintech TransferWise. Mambu reported that its customers, challenger, and traditional banks may now access TransferWise’s technology infrastructure directly through its platform to offer inexpensive and transparent international… Read More

Fintech TransferWise Reveals that 25% of its Cross-Border Money Transfers Are Now Near-Instant, Arriving in Less than 20 Seconds

Kristo Käärmann, co-founder and CEO at London-based TransferWise, a privately-held Fintech firm that allows individuals and businesses to send money abroad at affordable and transparent rates, revealed that 25% of the cross-border transfers facilitated by the firm are now instant. Earlier this month, the TransferWise… Read More

Fintech TransferWise Surpasses 7 Million Global Users, Now Supports Instant Transfers to Japan in JPY

Fintech TransferWise has revealed that there are now over 7 million people across the globe that are using the company’s services to move money from one country to another. Founded in 2010 in Estonia, TransferWise now supports over 1,600 different currency routes, helping people save… Read More

Emails Fill the Inbox as Fintechs Assure Customers that its Business as Usual (Pretty Much)

After less than a week of COVID-19 fueled lockdown, it seems like the world has been turned upside down as a new reality has set in due to “social distancing” and “shelter in place” demands. In the US, the National Guard is not yet patrolling… Read More

Transferwise Partners with Alipay on Money Transfers

Fintech TransferWise has announced that its 7 million+ customers can now send money instantly to Alipay users. Alipay is the payments platform provided by Ant Financial (Alibaba). Ant Financial is the highest valued Fintech in the world. “Our newest partnership with Alipay has been one… Read More

Financial Giant Santander Group Is in the Final Stages of Introducing Cross-Border Payments Service, PagoFX

Banco Santander S.A. (Santander Group) (BME:SAN), the world’s 16th-largest banking institution and financial services company based in Madrid, is reportedly in the final stages of introducing its new Fintech spinout PagoFX, which will compete with leading cross-border money transfer service provider, TransferWise. Sifted reported that… Read More

Transferwise for Banks Now Up and Running on Activo Bank

Most banks suck when it comes to moving money around internationally. Bogus rates and nosebleed fees = screw the customer. Transferwise has generously provided a solution for this problem with its bank-friendly API. Today, Transferwise has announced a new partnership with Activo Bank in Portugal…. Read More

Fintech TransferWise Explains How it Can Assist Estonian E-Residents in Establishing Business Operations

Estonia’s e-residency program is a government-backed digital identity initiative that allows individuals and companies to launch a new business in the European nation, even if they do not physically reside there. For example, if you are a German citizen, and are living in Singapore and… Read More

Stealth Bank: Transferwise Now Allows Bill Payments for European Customers

Transferwise, one of the most successful Fintechs of all time, is now enabling European users to set up direct debits for users to pay their bills. Traditionally, this is a process that more mundane banks handle for their customers but Transferwise continues to operate more… Read More

Fintech TransferWise Introduces New Service Allowing Singapore Clients to Receive Money via PayNow

UK-headquartered Fintech firm TransferWise revealed on January 6 that it has introduced a new service that allows Singapore-based clients to receive money internationally via peer-to-peer (P2P) instant payment service provider, PayNow. Individuals based in Singapore will now be able to receive funds from overseas locations… Read More

Fintech TransferWise Is Now a Community of Over 6 Million Users, Transferring $5.25 Billion in Payments Each Month

London-based TransferWise, a privately-held Fintech firm that allows private individuals and businesses to send money abroad at affordable and transparent rates, reveals that it is now a community of over 6 million users, which transfers an average of £4 billion (appr. $5.25 billion) every month…. Read More

TransferWise for Banks Partners EQ Bank to Help it Offer Faster Cross-Border Funds Transfers

EQ Bank, a digital platform provided by Equitable Bank, Canada’s Challenger Bank, revealed that it has teamed up with TransferWise, a leading UK-based money transfer service. Following the partnership, EQ Bank is offering faster cross-border funds transfers that are up to 8x cheaper for the… Read More

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