09 June 2020

TransferWise adds P2P payments option  

Written By FinTech Alliance

TransferWise adds P2P payments option  

TransferWise has listed peer-to-peer payments in over 50 currencies.  

In Brief:  

  • Customers can send domestic and cross border transactions between each other. 

  • TransferWise is now available in over 170 countries.  

  • It has over $2.4bn customer deposits.  

What does this mean?  

TransferWise’s service aims to eliminate the need for bank details, allowing users to send money with just a phone number – even internationally. The platform says it is offering a low-cost, efficient alternative to international transfers which are increasingly common among friends and family.  

Read more here.  

 

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