Transferwise and N26 have extended their partnership to help customers send funds to different countries.
In Brief:
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The two businesses began partnering in 2016.
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Now, services have been expanded to countries including Brazil, Mexico, Singapore and the Philippines.
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TransferWise’s services can be accessed via an API through the N26 app.
What does this mean?
Transferwise is a popular offering for challenger banks to plug into their platform using an API. So far it works with Monzo in the UK as well as N26 and others across the world. N26 currently haws around 5mn customers and TransferWise says its fee-free model currently saves users £3mn per day.
