Santander has made PagoFX available to UK sole traders.  

In Brief:  

• PagoFX was launched in April as an international money transfer app.  

• It first targeted the retail consumer segment of the market.  

• The app has also added eight new currencies.  

What does this mean?  

The firm is Santander’s standalone rival to unicorn TransferWise. PagoFX says it will soon extend the money transfer service to SMEs as well, once it has rolled out its business product to sole traders.  

Read more here.