Facebook Messenger adds foreign money transfers via TransferWise

Facebook jumps into the money transfer market with it's messenger. Was this seeded in Zuckerberg's mind when he visited Kenya?

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Hello guys, today we talk about the new vibe online and how Facebook is focused on joining the money transfer market. With it's wide network around the world, will this be the greatest thing ever? Did money tranfer system in Kenya open Zuckerberg's eyes during his visit last year? First, lets know what and who is TransferWise?


Back last year Mark Zuckerberg visited Kenya and he was pleased by how mobile money transfer systems are changing peoples lives in Kenya.

TransferWise is a peer-to-peer money transfer service launched in January 2011 by two Estonians Kristo Käärmann and Taavet Hinrikus. It is headquartered in London and has eight offices around the world, including New York, Sydney, Singapore and Tallinn, Estonia.

Paying via messaging app is becoming more common, thanks to bots. Am sure you have heard or come across a bot, bots are becoming the next big thing in internet based apps and softwares. Bots have been with us for a long time. Facebook's messaging app already supports Alipay, international money transfers via Azimo, PayPal, Stripe and major credit card companies like Visa, Mastercard and American Express. Recently Telegram messaging app have met with bots. Facebook Messenger has added another one, via TransferWise, the UK-based global money transfer service.

Financial technology startup @TransferWise partners with @Facebook to enable users to send & receive money without additional costs

— Josey Mras (@joseymras) March 2, 2017

@joseymras @PeterKahura We´re always trying to improve. Leave your wish here https://t.co/D1h010MQHm and you would be first to know.

— TransferWise (@TransferWise) March 2, 2017

TransferWise has over 1 million customers, sending more than £800m using the platform every month. Today TransferWise supports more than 645 currency "routes" across the world. This merger between TransferWise users and Facebook users would bring together billions of people around the world and maybe change lives too.

TransferWise's Facebook Messenger bot works for payments between the US, UK, Canada, Australia, and Europe. Eventually, TransferWise plans to expand across the 50 countries that work with TransferWise's service. Via TransferWise website, you can enter the currency of two countries that you wish to be able to transfer money between then submit using your email address. When it will be available, you'll be updated.

If you're still unsure about TransferWise, check there website here, but if you're not ready to use bots to transfer money you can still continue using the way you are used to. Technology is changing daily and bots might be the future of a lot of things. You are free to subscribe to our weekly newsletters, share and tweet this article.