TransferWiseResidents of the US, UK, Canada, Australia and Europe can now send money and set up rate alerts using TransferWise’s chatbot, launched on the Facebook Messenger platform.

According to TransferWise, for regular payments between two currencies, rate alerts will keep users updated on the daily exchange rate.

Scott Miller, TransferWise head of global partnerships, says the bot is a “powerful example of how our API can be used to seamlessly integrate TransferWise into almost any messaging, bank, or business payment system”.

The firm is a P2P money transfer service set up in 2011 by Estonian founders Kristo Käärmann and Taavet Hinrikus in the UK. Its messenger bot was built using the TransferWise API and works with 600 currency routes globally.

Fast and studious

Last year went pretty well for TransferWise.

It “successfully” integrated into the UK’s Faster Payments Scheme (FPS) using ACI Worldwide’s tech at the back-end.

In its first public annual report TransferWise revealed its revenue tripled to £28 million in the year to March.

German digital bank N26 and TransferWise also teamed up to give N26 customers direct “in­-app” access to TransferWise’s service.

By Soumik Roy, editorial contributor to Banking Technology 

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