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TransferWise lowers fees by 15%; net profit more than doubles

CEO expects Asia-Pacific business to sustain its growth momentum amid macro uncertainties

Mr Kaarmann says TransferWise's new product launches and growing focus on business customers had helped fuel growth and lower costs in FY2020, even as the pandemic was unfolding.


AT a time where most businesses are shoring up their finances against the Covid-19 crisis, payments startup TransferWise has reduced its money transfer fees by around 15 per cent for the majority of its eight million customers globally.

This comes as net profit for the UK...

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