×
68 375
Fashion Jobs
UNDER ARMOUR
Stock Teammate, Part-Time 9am Shift, $16.75 Per Hour
Permanent · SILVERTHORNE
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · ANAHEIM
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · NEW YORK
ASCENA
Sales Manager
Permanent · Bethesda
THE REALREAL
Inside Sales Account Manager (Luxury Account Specialist) - East
Permanent · New York
SHISEIDO
Packaging Project Manager, Sustainability - Skincare
Permanent · New York
JCPENNEY
Financial Planning Analyst - Finance Operations
Permanent · Plano
NORDSTROM
Assoc. HR Business Partner, Supply Chain - San Bernardino, ca - Hybrid
Permanent · San Bernardino
NORDSTROM
Overnight Retail Stock & Fulfillment - The Shops at la Cantera
Permanent · San Antonio
GAP
General Manager - Great Lakes Crossing
Permanent · AUBURN HILLS
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator (Columbus, oh)
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Associate Merchandise Planner
Permanent · Columbus
RALPH LAUREN
General Manager - Special Projects
Permanent · East Hampton
MICHAEL KORS
ft Sales Supervisor
Permanent · Rockaway
MICHAEL KORS
ft Sales Supervisor, Pembroke Pines fl
Permanent · West Palm Beach
MICHAEL KORS
Sales Supervisor
Permanent · Woodbury
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · North Andover
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · East Brunswick
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Johnson Creek
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Rice Lake
KOHLS
Distribution Center Loss Prevention Manager
Permanent · Macon
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Miami
By
Reuters
Published
Feb 21, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

TransferWise launches international money transfers via Facebook

By
Reuters
Published
Feb 21, 2017

 Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments landscape intensifies.

The London-based startup said on Tuesday that it had developed a Facebook Messenger "chatbot", or an automated program that can help users communicate with businesses and carry out tasks such as online purchases.


archiv


TransferWise's chatbot enables customers to send money to friends and family to and from the United States, Britain, Canada, Australia and Europe from Facebook Messenger. It can also be used to set up exchange rate alerts.

Facebook already allows its users to send money domestically in the United States via its Messenger app, but has not yet launched similar services internationally. TransferWise said its service will be the first to enable international money transfers entirely within Messenger.

Facebook opened up its Messenger app to developers to create chatbots in April in a bid to expand its reach in customer service and enterprise transactions.

Chatbots have become a hot topic in enterprise technology over the past year because recent advances in artificial intelligence have made them better at interacting. Businesses, including banks, are hoping that they can be used to improve and reduce the cost of their customer service operations.

One of Europe's most well-known fintech companies, TransferWise was launched in 2011 by Estonian friends Taavet Hinrikus and Kristo Käärmann out of frustration with the high fees they were being charged by banks for international money transfers.

The company, which is valued at more than $1 billion, is backed by several high profile investors including Silicon Valley venture fund Andreessen Horowitz, Virgin Group founder Sir Richard Branson, and PayPal co-founders Max Levchin and Peter Thiel, through his fund Valar Ventures.

Customers in more than 50 countries send roughly $1 billion through its website every month.

While the TransferWise chatbot is now only available in Facebook Messenger it can be adapted to work with other popular chat services, Scott Miller, head of global partnerships for TransferWise said. He said the service would eventually be extended to work in other countries and money transfer routes that the company operates in.

The launch comes as competition in the mobile payments and international money transfer sectors intensifies. Earlier this month PayPal Holdings Inc announced its U.S. payments application Venmo would be available within popular chat service Slack.

While in January , Ant Financial Services, an affiliate of Chinese e-commerce company Alibaba Group Holding Ltd, said it would acquire U.S. money-transfer company MoneyGram, in a deal that is expected to shake up the international payments landscape.



 

© Thomson Reuters 2023 All rights reserved.

Tags :
Innovations