#pagofx

[cryptoknowmics]

Ripple-supported PagoFX, a cross-border payment app, has been launched in the United Kingdom on April 16, 2020, by Banco Santander.

The UK residents who have a debit card issued by any bank or financial institution would be permitted to make money transactions across the country through PagoFX.

Read Full News Here 

[xrpvibe]

Santander Launches PagoFX A Transferwise Competitor Banco Santander, is a Spanish multinational commercial bank and financial services company based in Madrid and Santander in Spain.

[daily247365]

Santander’s PagoFX to launch in Spring and rival TransferWise Santander is in the final motions of launching its new fintech spinout PagoFX, which is set to rival the likes of online money transfer service TransferWise.

[ajayuikey]

Santander launches PagoFX, a TransferWise competitor – TechCrunch

Spanish bank Santander has launched a new product called PagoFX. As the name suggests, PagoFX focuses on foreign exchange and lets you send money in other currencies. In other words, it’s a TransferWise competitor. It is completely separated from Satander’s retail bank products. You don’t need a Santander bank account.

While Santander puts its logo on the website of PagoFX, it looks more like a…

[jackjaysblog]

Multi-currency wallets find favour for real-time cross-currency payments

In May, HSBC announced a digital multi-currency wallet that allows consumers to send and receive money and keep these currencies on the same global wallet account.

 It is first offered in the form of dollars of US dollars, euros, sterling dollars, Canadian, Hong Kong, Singapore and Austrian dollars and pays via national real-time payment networks.

In Africa Some African currencies is available to transfer on Transfy Money Transfer App Like NGN, KES , ZAR

 Several banks and fintechs provide comparable services already.

For example, Wise features a multi-monetary account (previously TransferWise) which permits customers to change and keep 56 currencies.

 By September 2020, ClearBank was the first clearing bank to provide multi-devised bank accounts allowing customers to transfer funds to real-time exchange-rate accounts based on interbank rates across 30 currencies.

  OFX global money account customers may create local currency accounts in USD, EUR, AUD, HKD, SGD, CAD and GBP; whereas PagoFX promises that users can transfer the money in real time to more than 50 countries using mid-market exchange rates

[michaeldiaszkirindage]

PagoFX money transfer review By Rob Clymo TechRadar Pro Transfer funds with this Santander-backed mobile app and website.

PagoFX money transfer review By Rob Clymo TechRadar Pro Transfer funds with this Santander-backed mobile app and website.

PagoFX money transfer review By Rob Clymo TechRadar Pro Transfer funds with this Santander-backed mobile app and website.

[monterplant]

PagoFX money transfer

Transfer funds with this Santander-backed mobile app and website. (more…)

[mrhackerco]

Cyber Criminal claims to have breached PagoFX, Santander international money transfer service. 1.67 GB of documents leaked #hacker #hacking #cybersecurity #hackers #linux #ethicalhacking #programming #security #mrhacker

[xrpvibe]

Ripple continues winning strategy: Federal Bank of India and PagoFX - BitzArena

Ripple continues winning strategy: Federal Bank of India and PagoFX – BitzArena

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Ripple continues its leadership strategy in the world of financial technology. Such a Ripple strategy is justified, as well as truly working. More and more different structures use Ripple technologies, considering them reliable and interesting. Important events related both directly to the launch of technologies, and with the assumption regarding this. So, the Federal Bank of India wi…

[hacknews]

Cyber Criminal claims to have breached PagoFX, Santander international money transfer service. 1.4 GB of documents leaked #hacking #hacker #cybersecurity #hack #ethicalhacking #hacknews

[ajayuikey]

Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs – TechCrunch

A leaked Santander internal memo in 2017 likely set wheels in motion. Reportedly written by the bank’s head of innovation, the missive warned that a large chunk of the Spanish incumbent’s profits were at risk — specifically, those generated via international money transfers – because of the growing success of fintech challengers, such as London-headquartered TransferWise.

Fast-forward three…

[un-enfant-immature]

Santander launches PagoFX, a TransferWise competitor

Spanish bank Santander has launched a new product called PagoFX. As the name suggests, PagoFX focuses on foreign exchange and lets you send money in other currencies. In other words, it’s a TransferWise competitor. It is completely separated from Satander’s retail bank products. You don’t need a Santander bank account.

While Santander puts its logo on the website of PagoFX, it looks more like a fintech startup website. PagoFX wants to help you save money on international transfers, acting as an intermediary step between a bank account in one currency and another bank account in another currency.

Traditional banks charge high fees for international transfers. Banks add a markup on the exchange rate, charge you exchange fees on top of that and sometimes charge you if you initiate transfers to a foreign bank account.

That’s why companies like TransferWise, WorldRemit, Azimo and Revolut have been thriving. You send money to their bank account first or you use a debit card. Then they take care of exchanging money and sending it again to your recipient.

PagoFX promises simple and transparent fees combined with the Santander brand. The company’s product is currently live in the U.K., but PagoFX already has plans to expand to other European countries. You can send money to the Eurozone, the U.S., Poland, Switzerland, Sweden, Norway, Denmark and the Czech Republic.

After downloading the app and verifying your identity, you send money by associating your debit card with your account and adding the IBAN account information of your recipient. PagoFX charges 0.7% on most transfers and 0.8% on transfers to the U.S., Poland and Denmark. PagoFX is waving fees up to £3,000 for the first couple of months.

TransferWise lets you choose between low cost transfers and “fast and easy” transfers. The latter option also leverages your debit card to speed up the process. If we compare the fast and easy fee with PagoFX, here’s what it looks like.

For a £1,000 transfer, your recipient gets €1,148.50 with PagoFX, €1,140.82 with TransferWise. After PagoFX stops waving fees, your recipient will get €1,140.46.

For a £5,000 transfer, your recipient gets €5,726.92 with PagoFX, €5,705.25 with TransferWise. After PagoFX stops waving fees, your recipient will get €5,710.88.

For a £10,000 transfer, your recipient gets €11,426.73 with PagoFX, €11,410.82 with TransferWise. After PagoFX stops waving fees, your recipient will get €11,370.74.

PagoFX is particularly cheap right now because of the current promotion on fees. After that, it’ll depend on how much you plan on sending. But don’t forget that TransferWise has a slower and cheaper option if you’re willing to wait another day and transfer money to TransferWise from your bank account first.

[greatmachinconglomerate-blog]

Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs https://ift.tt/2RHXG2y

[metabloks]

Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs https://ift.tt/3crKIxt

[itmanco]

Santander launches PagoFX, a TransferWise competitor Spanish bank Santander has launched a new product called PagoFX. As the name suggests, PagoFX focuses on foreign exchange and lets you send money in other currencies. You don’t need a Santander bank account. https://ift.tt/3exUr7l By Samy Morsy

from I.T MAN https://ift.tt/1cjthd7 via IFTTTBy Samy Morsy