TransferWise is understood to be exploring issuing debit cards linked to customer accounts. The service, billed as a P2P forex platform, focuses on transferring money abroad, serving customers sending money to family or paying overseas workers. However, providing holiday makers with foreign currency is a closely linked space which has seen a flood of interest the last year . Companies such as Revolut , TransferWise , Curve and the Commonwealth Bank of Australia have all launched services which allow customers to spend money on cards abroad at no commission, prompting Barclay to assess the merits of launching its own card, according to reports. But the world of holiday money cards and foreign exchange payment cards is a closely linked space and has seen a flood of interest from both entrepreneurs and investors in the last six months. The news comes days after Barclay ’s announced that it had teamed with Barclay in order to allow customers to send instant mobile payments around the world, using just a phone number.
TransferWise is understood to be exploring issuing debit cards linked to customer accounts. The service, billed as a P2P forex platform, focuses on transferring money abroad, serving customers sending money to family or paying overseas workers. However, providing holiday makers with foreign currency is a closely linked space which has seen a flood of interest the last year . Companies such as Revolut , TransferWise , Curve and the Commonwealth Bank of Australia have all launched services which allow customers to spend money on cards abroad at no commission, prompting Barclay to assess the merits of launching its own card, according to reports. The news comes days after Barclay ’s announced that it had teamed with Barclay in order to allow customers to send instant mobile payments around the world, using just a phone number.