Pockit Announces Partners with Transferwise on International Transfers, Securities Offering on Crowdcube Nears £1 Million
Pockit, a Fintech targeting underserved demographics, says it has partnered with
TransferWise to more efficiently move money around the world. Transferwise services will now facilitate Pockit users on international transfers.
Pockit seeks to cater to an estimated underserved 11 million customers in the UK that struggle to access basic financial services. International money transfers are currently offered by Pockit to over 29 countries, make payments in other currencies, and withdraw cash from ATMs abroad. The partnership with TransferWise is said to greatly improve and enhance the overall experience for Pockit’s customers, with 54 available currencies. Money transfers via TransferWise are estimated to be eight times cheaper than traditional transfer methods in the UK.