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 .
Money transfer company TransferWise is expected to announce a joint venture with UK challenger bank Monzo, soon after agreeing 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 agreements with Estonian bank LHV and German challenger bank N26. Last year, TransferWise abandoned a partnership with Monzo rival Starling.