Monzo: Integrates with Wise for overseas business payments

Monzo: Integrates with Wise for overseas business payments

  • Monzo building a new kind of bank. One that lives on your smartphone and is built for the way you live today
  • Partnered with Wise to give you a simple, cheap way to send money abroad
  • Always using the real exchange rate, with no hidden fees
  • Clearly see what it’ll cost you, how much the recipient will get, and how fast the recipient will have the money in their account
  • It will be typically lower cost than Western Union, MoneyGram, and Xoom, as well as high street banks
  • You’ll find this new feature in the ‘Pay’ tab, where you can get set up in a few taps
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...