Tagged: transferwise

March 19, 2020 @ 5:14 pm By JD Alois  |  

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

March 16, 2020 @ 7:00 pm By JD Alois  |  

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

March 4, 2020 @ 7:12 am By Omar Faridi  |  

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

March 3, 2020 @ 10:23 am By JD Alois  |  

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

February 24, 2020 @ 7:30 am By Omar Faridi  |  

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

January 9, 2020 @ 7:13 am By JD Alois  |  

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

January 7, 2020 @ 9:19 am By Omar Faridi  |  

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

December 30, 2019 @ 10:20 am By Omar Faridi  |  

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

December 17, 2019 @ 2:43 pm By Omar Faridi  |  

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

December 17, 2019 @ 2:36 am By Omar Faridi  |  

TransferWise, a leading UK-based online money transfer service, has teamed up with Paydesk, a British freelance payments platform, to provide payments services to freelancers. The business integration could potentially help more freelancers throughout the world in gaining access to the benefits of Paydesk’s features such… Read More

December 10, 2019 @ 7:48 am By Omar Faridi  |  

Transferwise, a leading cross-border money transfer service, has recently revealed that it has integrated its payments system with the Facebook Messenger. The integration will allow users to perform foreign exchange transactions over the widely-used chat service. While not a huge announcement it is more indicative… Read More

November 22, 2019 @ 9:19 am By JD Alois  |  

Transferwise, a breakout Fintech hit, has added Malaysia to its list of countries where it offers its currency transfer services. According to a blog post, last year, Malaysia’s international money transfers grew 23.3%, to RM 41 billion (USD $9.9 billion). But most of these transfers… Read More

November 7, 2019 @ 12:59 pm By Omar Faridi  |  

London-based GoCardless, a Fintech firm that makes collecting payments by direct debit easy for everyone, has partnered with TransferWise, a cross-border money transfer service, in order to launch the first global network for processing recurring payments through bank debit. GoCardless’ recurring payments customers will be… Read More

September 26, 2019 @ 9:10 pm By Samantha Hurst  |  

Fintech Unicorn and stealth bank Transferwise announced on Thursday it has brought TransferWire for Banks to the U.S. TransferWire reported that financial institutions of all sizes may now integrate with TransferWise and offer customers what TransferWire believe is cheaper, faster, transparent payments to more than… Read More

September 9, 2019 @ 11:42 am By JD Alois  |  

Australia is a smaller market by population but it is also a country that has embraced Fintech innovation. The emerging Fintech sector is assisted by a supportive government that has recognized its important role in fostering change that is beneficial to both consumers and business…. Read More

August 15, 2019 @ 10:46 am By Samantha Hurst  |  

Fintech Unicorn and stealth bank Transferwise announced on Wednesday it is launching its debit Mastercard services in Australia and New Zealand.  Transferwise reported that its Platinum debit Mastercard has helped more than 250,000 in the UK, the U.S., and Europe avoid hidden bank fees when… Read More

June 26, 2019 @ 9:07 am By Samantha Hurst  |  

Fintech Unicorn and stealth bank Transferwise announced on Tuesday it has launched its debit Mastercard in the U.S.  It was revealed that TransferWise debit Mastercard was built specifically for people “without borders.” TransferWire further explained: “The TransferWise debit Mastercard can be up to 4x cheaper… Read More

May 22, 2019 @ 12:41 pm By JD Alois  |  

Fintech Unicorn and stealth bank Transferwise has raised $292 million at a valuation of $3.5 billion. According to multiple reports, Transferwise has doubled its valuation in contrast to its last funding round. The round was said to be over-subscribed. Transferwise last raised capital at a… Read More

February 11, 2019 @ 5:36 pm By JD Alois  |  

Fintech unicorn and stealth bank TransferWise is dropping their rates even lower. According to an email distributed by the UK based Fintech, fees for transfering currency are going down. Using the process of transferring dollars to euros, TransferWise cited the following example: Transfer USD $700 via bank ACH:… Read More

December 3, 2018 @ 12:49 pm By Samantha Hurst  |  

Fintech unicorn, TransferWise, has reportedly launched its borderless account and debit Mastercard to Ireland. The launch comes just a few months after Transferwise added US Bank information to its platform thus mirroring what is already available for their European, UK and Australian users. According to Finextra, borderless… Read More