TransferWise is understood to be exploring issuing debit cards linked to customer accounts. The company has also been looking at the possibility of offering a mobile app that would allow customers to pay for goods and services using their smartphones. However, providing holiday makers with foreign currency is a closely linked space which has seen a flood of interest this year. A spokesperson for TransferWise declined to comment. Companies such as Revolut, Monzo, Curve and TravelEx have all launched services which allow customers to spend money on cards abroad at no commission, prompting TransferWise 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 the Commonwealth Bank of Australia 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 company has also been looking at the possibility of offering a mobile app that would allow customers to pay for goods and services using their smartphones. However, providing holiday makers with foreign currency is a closely linked space which has seen a flood of interest this year. Companies such as Revolut, Monzo, Curve and TravelEx have all launched services which allow customers to spend money on cards abroad at no commission, prompting TransferWise 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 the Commonwealth Bank of Australia in order to allow customers to send instant mobile payments around the world, using just a phone number.