Monzo Announces Seamless Cross-Border Transfers, Powered by Wise
UK-based digital banking platform Monzo has teamed up with Wise (previously dba TransferWise and now having completed a direct listing on the London Stock Exchange (LSE) on its Main Market) in order to provide clients with a simple and affordable way to send funds overseas. Monzo says they’ll always be using the “real exchange rate, with no hidden fees.”
Monzo also mentions that you should be able to clearly see what it will really cost you, how much the intended recipient will get (in the foreign currency) and “best of all, you don’t even need to leave the Monzo app.”
