Tag: Transferwise

TransferWise and Visa Announce global partnership
January 27, 2021 BY Steffy Bogdanova

TransferWise and Visa announce global partnership

Jack Forestell, executive vice president and chief product officer, Visa said: The TransferWise team came to us last year with a challenge: enable the global rollout of their debit card program, and do it entirely in the cloud. It was an exciting opportunity for us to partner with TransferWise and show how we’re thinking and…

Read more
May 23, 2017 BY admin

TransferWise launches multi-currency business bank accounts

UK money transfer provider TransferWise today launched its 'borderless' bank account for businesses that need a multi-currency account for trading in overseas markets. The UK-based money transfer company is set to record its first operating profit this year and claims more than one million customers. The company reportedly has more than doubled revenue in the…

Read more
August 17, 2016 BY Valentina Kirilova

TransferWise launches a business platform

London-based money transfer outfit TransferWise has launched a platform specifically designed for businesses. The company share that TransferWise for Business is a way to move money internationally by using its network of bank accounts around the world to swap money between local accounts so that as little cash as possible crosses borders, making sending money abroad…

Read more
August 11, 2016 BY Valentina Kirilova

Raphaels Bank to join Faster Payments

Raphaels Bank is to begin offering Faster Payments services to UK fintech companies as it becomes the first new bank to connect directly to the scheme since its inception in 2008. The 230-year old bank is the 12th direct participant of the Faster Payments Scheme, which is creating new access arrangements to open up the…

Read more
February 04, 2016 BY Mike Fox

TransferWise now supports renminbi transfers to Chinese UnionPay

TransferWise announced today it now supports Chinese Yuan (CNY) transfers to Chinese UnionPay card accounts. The service starts off with a fee starting from ¥24 ($3.65). China is currently the most expensive major currency corridor, according to the World Bank, with the average cost of sending $200 (£140) from the UK to China standing at…

Read more
November 20, 2014 BY Mike Fox

TransferWise launches Stop Hidden Fees Campaign

International money transfers are more expensive than meets the eye - even when banks and brokers claim there are ‘no fees'. Many banks take as much as 5% of the money being sent. TransferWise is a new alternative that allows people to transfer money abroad at a lower, by using technology developed by the people who built Skype.

Read more