Monzo: Integrates with Wise for overseas business payments

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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.

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
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