TransferWise’s next partnership could be with U.K. challenger bank Monzo

TransferWise’s next partnership could be with U.K. challenger bank Monzo

6 years ago
Anonymous $qrGo_Xv_Cm

https://techcrunch.com/2018/06/05/monzos-the-word/

Hot on the heels of announcing that it has partnered with France’s BPCE Groupe, TransferWise could be about to unveil another partnership with a bank. According to sources, the international money transfer service and European unicorn is working with the fast-growing with U.K. challenger bank Monzo.

The tie-in will likely see TransferWise functionality offered within Monzo’s mobile banking app, courtesy of the TransferWise API. It will give Monzo customers the ability to send money in various supported currencies at the ‘mid market’ rate in addition to TransferWise’s low and transparent fees.

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