TransferWise Enters the Corporate Payments Space

Transf Wise E  s the Corporate Payme s Space

London-based i  national currency transf platform, Transf Wise has announced that it is getting i o the corporate payme s space with the rollout of Transf Wise for Business.

We’re excited to be able to off SMEs a fair , cheap , fast alt native for i  national money transf .

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With no sign-up costs or mo hly fees, Transf Wise for Business is a simple and cheap way to move money i  nationally by using its network of bank accou s around the world to transf money between local accou s so that as little cash as possible crosses bord s, making sending money abroad up to seven times cheap compared to using a business bank accou .

While the business solutions are new, Transf Wise, which rece ly reported clearing £500 million a mo h in currency transf s,  said that it has already transf red a total of more than $1.3 billion through the platform, which is geared towards SMEs.

Huge Market

Transf Wise is confide  that it can now tap i o a pote ially huge market. Nearly half of SMEs send or receive i  national money transf s at least once ev y six mo Milan

Nilan Peiris, VP, growth, Transf Wise, comme ed: “SMEs make up 99% of all UK businesses – they’re the engine of the UK economy. Despite the banks saying that they support these companies and their growth, the reality is that behind the scenes they’re happy to give SMEs a poor deal with hidden exchange rate charges. Thfair, andisn’t fair and we wa ed to do something about it. We’re excited to be able to off SMEs a fair , cheap , fast alt native for i  national money transf .”

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