View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. What Is
March 27, 2017

What is TransferWise?

Discover a cheap way of transferring money.

By James Nunns

TransferWise is a peer-to-peer money transfer service.

Launched in January 2011 and given final UK financial regulatory approval in Feburary 2012, the company aims to eliminate high bank fees from foreign exchanges by matching its users based on the currency they have and require.

Basically, it is an online money transfer service where money can be transferred at a much cheaper rate than banks. Transferwise claims to be up to eight times cheaper than bank foreign transfers.


How much money does TransferWise transfer per month?

Content from our partners
How designers are leveraging tech to apply the brakes to fast fashion
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
Topics in this article : ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.