TransferWise

TransferWise, now known as Wise, is a financial service that allows people and businesses to send money internationally at lower costs than traditional banks. It uses real exchange rates, meaning you get the actual market rate rather than a markup. Wise operates by matching users sending money in one currency with those needing it in another, minimizing fees. Transactions are typically faster than regular bank transfers, and users can manage their money through an online platform or mobile app, making it a convenient option for international payments.