Money transfer company TransferWise is expected to announce a joint venture with UK challenger bank Monzo , soon after agreeing a partnership with Estonian banking group BPCE. In all three cases, TransferWise generates revenue, regardless. The agreement would see Monzo ’s three customers being offered currency transfers at a mid-market rate, alongside TransferWise ’s low fees. The UK -based company is also discussing agreements with Estonian bank LHV and German challenger bank N26 . last week , N26 abandoned a partnership with TransferWise rival Starling.
Money transfer company TransferWise is expected to announce a joint venture with UK challenger bank Monzo , soon after agreeing a partnership with Estonian banking group BPCE. The agreement would see Monzo ’s three customers being offered currency transfers at a mid-market rate, alongside TransferWise ’s low fees. The UK -based company is also discussing agreements with Estonian bank LHV and German challenger bank N26 . last week , N26 abandoned a partnership with TransferWise rival Starling.