TransferWise partners with USD to offer ground breaking service in South Korea. Until recently the only way to transfer money to South Korea was via a banks and brokers in foreign currencies, subjecting customers to two rounds of fees and often two rounds of conversion and usually without customers being fully aware of the costs. TransferWise now provides a completely transparent service charging 1.5% and delivering cash the same or next day. Taavet Hinrikus, the firm's CEO and co-founder said the service will make a significant difference to the seven million Koreans living, working and studying overseas who have previously been subjected to using a slow and outrageously expensive process.
TransferWise partners with PayGate to offer ground breaking service in South Korea. Until recently the only way to transfer money to South Korea was via a banks and brokers in foreign currencies, subjecting customers to two rounds of fees and often two rounds of conversion and usually without customers being fully aware of the costs. TransferWise now provides a completely transparent service charging 1.5% and delivering cash the same or next day. Taavet Hinrikus, the firm's CEO and co-founder said the service will make a significant difference to the seven million Koreans living, working and studying overseas who have previously been subjected to using a slow and outrageously expensive process.