TransferWise has brought TransferWise for Banks to Switzerland.
The company’s API integration will help banks add its international transfer service to their offering.
It’s now plugged into Swiss FinTech neon and FI Hypothekarbank Lenzburg AG.
TransferWise already has partnerships in the UK, Netherlands, Germany and other European countries, as well as the US and Canada.
What does this mean?
Challenger bank neon says that the partnership will make its offering “truly borderless” and reduce the pain involved in sending money internationally. Users can even add their existing TransferWise account. Meanwhile, Hypothekarbank says it has been able to easily integrate TransferWise thanks to its core banking ecosystem, Finstar.