TransferWise is a tool for sending money designed for Android mobile devices. With this app, it is possible to move funds between countries much cheaper than using traditional banks.
TransferWise offers a very convenient way to help your friends or relatives abroad. Also, users may pay bills, mortgages and loans while being in another country. To convert currencies, the application uses market prices. This sets it apart from traditional banks that operate with internal exchange rates.
To make things more transparent and affordable for users, the app also has a low transaction fee. It is possible because money does not actually cross any international borders. Instead, TransferWise has bank accounts all over the world. So they accept your funds in one country and pay you in another.
You can send and get money in British Pound, US Dollar, Euro, Swiss Franc, Japanese Yen and almost 30 other currencies. Additionally, it is possible to receive funds in Russian Rouble, Israeli Shekel, Indian Rupee, Chinese Yuan, Chilean Peso and many more. However, another similar app Paysend operates in more than 90 countries.
- transparent and cheap way to send money abroad;
- transfers just take a couple of hours during business days;
- the app is free to download;
- compatible with current Android versions.