Wise is yet another FinTech company giving the big banks a real run for their buck. It does only one thing - international cross currency transfer. While traditional banks charge retail customers and small medium business owners an average of 6% of the whole transaction, Wise is pushing that take rate down to 0.7% or even lower. In fact, their goal as a company is to bring transaction fees down to zero. No cross currency transfer fees, so how are they going to make money?
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TFC Stock Geekout is a podcast by The Financial Coconut, Singapore’s first financial literacy podcast. In this podcast, we will be providing weekly updates on the stock market and in-depth analysis of individual stocks. Join fellow investors and geek out on stocks with us!
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