Money transfer provider TransferWise is set to announce a joint venture with UK challenger bank Monzo , soon after announcing a partnership with French banking group BPCE . The agreement would see Monzo ’s 70,000 customers being offered currency transfers at a mid - market rate , alongside TransferWise ’s low fees . A partnership with U.K. challenger bank Starling was also announced last year, but integration with the bank The UK - based company is also discussing partnerships with Estonian bank LHV and German challenger bank N26 . Last year , TransferWise abandoned a partnership with Monzo rival bank .
Money transfer provider TransferWise is set to announce a joint venture with UK challenger bank Monzo , soon after announcing a partnership with French banking group BPCE . The agreement would see Monzo ’s 70,000 customers being offered currency transfers at a mid - market rate , alongside TransferWise ’s low fees . The UK - based company is also discussing partnerships with Estonian bank LHV and German challenger bank N26 . Last year , TransferWise abandoned a partnership with Monzo rival bank .