https://www.cnbc.com/2018/06/04/transferwise-strikes-partnership-with-first-major-bank-bpce.html

TransferWise announced a partnership Monday with France's Groupe BPCE to offer its low-cost money transfer service to the lender's customers, marking the first integration of the U.K. start-up's product with a major bank.

The London, U.K.-headquartered firm specializes in cross-currency money transfers at a lower cost than traditional banks. The process of moving currencies around the world is typically expensive because of a large cut taken by banks and unfavorable exchange rates. But TransferWise allows users to transfer money from one currency to another with a fee of around 0.5 percent and at the mid-market exchange rate.