Cover page Money can now be sent through Facebook Messenger
As of this week, Android and iOS users already have a new way to send money without paying high bank fees.
TransferWise has announced that it has managed to integrate its bot into Facebook Messenger, allowing users to easily make money transfers to the United States, the United Kingdom, Europe and Australia.
The new bot will guide you step by step throughout the whole process, and even gives you useful advice in case there is something you don't understand. You can even configure alerts about exchange rates so you can choose the best one for your transfers.
Our mission at TransferWise is to offer faster, cheaper and convenient money transfers to everyone. The development of the TransferWise bot for Messenger is a big step in this direction.
It is also a great example of how our API can be seamlessly integrated into almost any messaging, banking or business system, said Scott Miller, president of the Global Partnerships division at TransferWise.
The TransferWise bot was developed through the company's API, which allows payments to be made in more than 600 currencies around the world.
Although the service has no commission, as banks do, it uses the current exchange rates and charges 1% of the money someone wants to send.
Before you start using the service, you will have to register on their website, although for that you will not have to pay anything.