TransferWise has announced plans to introduce a currency conversion service to China this year . startup TransferWise is opening a currency transfer service to China, but the service initially won’t allow transfers out of the country. However to begin with , the new service will n’t allow transfers out of the country , it will only convert other currencies into yuan , buying the currency on the wholesale market . “ Our customers will be able to transfer their money from China over TransferWise by the end of the year , ” the company said in a statement .
TransferWise has announced plans to introduce a currency conversion service to China this year . However to begin with , the new service will n’t allow transfers out of the country , it will only convert other currencies into yuan , buying the currency on the wholesale market . “ Our customers will be able to transfer their money from China over TransferWise by the end of the year , ” the company said in a statement .