1 post • Page 1 of 1
Cross border currency exchange startups have emerged as one of the hottest sectors in the payments and overall fintech sector, with companies such as TransferWise, Kantox and Azimo raising multi-million funding rounds. Merging digital platforms with currency transfer, these startup firms are providing efficient and low cost transactions to compete against traditional remittance companies such as Travelex and Western Union as well as banks.
With a growing list of startups targeting both the consumer and business slices of the money transfer pie, competition is now evolving from being only against banks and remittance firms, to each other. Proving that trend ... (read more)