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…
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Peer to peer money transfer provider TransferWise is getting set to announce its latest funding round, which will also see co-founders Taavet Hinrikus and Kristo Kaarmann and some other early investors cash out some of holdings. The financing round, to be led by Silicon Valley venture capital fund IVP, will apparently be done at a $1.6…
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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 moreLondon-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 moreRaphaels 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 moreTransferWise 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 moreEstonian banking and financial services company LHV which is Estonia’s largest domestic bank has been working together with UK money transfer service TransferWise to integrate into the LHV experience, on web and in the LHV App. You can send now send international payments directly from LHV, with no intermediary charges. How does the LHV –…
Read moreInternational 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 moreBacked by Richard Branson and PayPal's Peter Thiel, TransferWise laments what it considers to be the passing of traditional FX bank fees as over a hundred skeletons leave giant inflatable tombstone floating above Old Street Roundabout
Read moreBranson leads $25m investment round in money transfer service TransferWise; PayPal Co-Founder Peter Thiel is also an investor
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