TransferWise is a currency exchange platform that is very popular in Europe and was launched in the year 2011. This platform has come out with the launch of a new app which is called as TransferWise Money Transfer. This app is compatible with Android 2.2 Froyo onwards devices and is available for downloaded at the Google Play store.
The app makes it possible to transfer money worldwide and charges you an amount of only one pound for all the money transfers that are below 200 pounds. For all the amounts above this mark, this service costs 0.5% of the amount transferred. This percentage is very low as compared to the amount charged by banks and other money transfer platforms. What is special about this app is that it has no hidden costs and is an easy and reliable way to send money across.
TransferWise app considers real currency exchange rates and also supports debit card transactions. As of now, this service is looking for ways to offer the transfer of money services for the Indian rupee. This service is very popular in Europe and Britain but is interested in expanding to Asian countries and across Africa, Australia and US as well.