TransferWise partners with France’s second largest bank BPCE Groupe
https://techcrunch.com/2018/06/03/transferwise-partners-with-frances-second-largest-bank/
TransferWise might be best known for its international money transfer app, but the European fintech unicorn has always had ambitions of being a broader platform play entirely agnostic of how you access the service. This includes providing banks with access to the TransferWise API to power their own international money transfer features. However, perhaps understandably — given that the company also competes with banks — these partnerships have been small in number.
With that said, today TransferWise is adding what looks like its most significant banking partner to date: BPCE Groupe, France’s second largest bank. The partnership will see TransferWise provide international money transfer services for BPCE Groupe’s 15 million or so customers, which, the company notes, is the first time a major bank in Europe will directly integrate TransferWise’s API into its mobile banking apps.