There is a lot of activity going on in the international money transfer market. Beyond TransferWise rebranding to Wise. The foreign exchange market is the largest financial market in the world. Much larger than the stock market, with a daily volume of $6.6 trillion. Yes, trillion as in thousands of billions. Mind-numbing numbers. Money going from one currency to another. And within that, billions are actually money transfers and remittances. International payments was one of the first markets to be targeted by fintechs when the industry boomed a few years ago. Because it was a low-hanging fruit. Really inefficient. Poor customer experience and expensive. A number of companies emerged, and some are absolutely huge now. We asked a few questions to Subhash Chander, founder of the money transfer comparison website WireSmartly. To understand what his company is doing in the space and how the international money transfer market is evolving.
Read more about it here: https://fintechreview.net/international-money-transfer-market-interview-subhash-chander/