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TransferWise rolls out multicurrency debit card in Singapore

Known as the Borderless account, TransferWise's multicurrency account for individuals and corporates works as an e-wallet. It has a MasterCard debit card tied to it, and helps Asian travellers and small businesses to dodge traditionally high FX markup rates.


UK-BASED fintech player TransferWise has ruled out applying for a digital bank licence in Singapore.

Instead, it is looking to grow its core business of cross-border payments in the region, said the head of the firm's Asia-Pacific and Middle East expansion Venkatesh Saha...

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