TransferWise launches debit card in ANZ eyes Singapore market

August 19, 2019 | Banking
Written by FinTech Alliance

Tags

TransferWise launches debit card in ANZ eyes Singapore market

Money transfer startup TransferWise has made its debit card available in Australia and New Zealand.

In Brief:

  • The business launched in the UK last year and expanded into the US in June. 
  • It expects to launch in Singapore by the end of this year. 
  • The company claims to have handled 15mn transactions via its debit card so far. 

What does this mean? 

TransferWise allows users to spend money abroad without losing out on transaction fees or exchange rates. This is a common issue for travellers, with research showing over $2bn was lost on transactions abroad by Australians last year.

More in Banking

Banking Circle secures banking licence
Banking
February 27, 2020

Banking Circle secures banking licence

Banking Circle has received a banking licence from the regulator in Luxembourg. In Brief:...

JP Morgan to launch digital bank
Banking
February 25, 2020

JP Morgan to launch digital bank

JPMorgan Chase is set to launch a digital bank in the UK, it was reported this weekend. In Brief:...

RBS rebrands as NatWest Group
Banking
February 14, 2020

RBS rebrands as NatWest Group

RBS is rebranding as part of a strategic rethink and fresh start. In Brief: CEO Alison R...

Banking
December 20, 2019

2020 and beyond: Opening the next decade of community banking

Nearly twenty years ago, at the start of the new millennium, the internet was still in its infancy a...

Banking
December 20, 2019

Bank of 2030: Transform boldly

To be successful, the bank of the future will need to embrace emerging technology, remain flexible t...

Banking
November 27, 2019

Is Banking Having Its AWS Moment?

New fintech infrastructure is enabling more companies to add banking services into existing apps and...

Future Digital Finance 2020

Future Digital Finance 2020

When: Mar 09th - Mar 10th, 2020
Where: Hyatt Regency Miami, Miami , GB
Price: £910
British Bank Awards 2020

British Bank Awards 2020

When: Mar 12th - Mar 13th, 2020
Where: Grand Connaught Rooms, London
Price: £2,700