24 May 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

TransferWise sends up banks in video prank

15 April 2014  |  5163 views  |  1 public house

How would you react if a bar treated your beer like a bank treats your money? That was the question asked by currency exchange start-up TransferWise in a hidden camera stunt filmed at a London hostelry.

The prank video shows a bar tender pulling pints for customers and then taking a scoop off the top for himself. The camera tracks the astonished reactions of punters as the barman gets progressively drunk on the surcharge.

"It's all in the terms and conditions," he tells one indignant customer.



The video received a mixed reaction on YouTube, with one viewer asking: "Isn't this what TransferWise does? Except instead of taking a gulp, they take a sip."

The three-year old start-up claims to have handled £1 billion in foreign currency transfers on behalf of users, who side-step bank fees by performing peer-to-peer currency exchanges at the mid-market rate. The new numbers mark an eightfold increase in transfers since last May, when PayPal co-founder Peter Thiel led a $6 million investment round with Valar Ventures.

The firm, which launched an iOS app six months ago, has just released an Android version for on-the-go currency services.

Comments: (1)

Hitesh Thakkar
Hitesh Thakkar - FIS Payments Software and Services India - India | 17 April, 2014, 13:47

Brilliant comment which describes TransferWise's model --- isn't it?

"Isn't this what TransferWise does? Except instead of taking a gulp, they take a sip."

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

TransferWise launches money transfer app

TransferWise launches money transfer app

23 October 2013  |  5658 views  |  0 comments | 5 tweets | 12 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comVisit www.capgemini.com/worldreportsvisit www.niceactimize.com

Top topics

Most viewed Most shared
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
9057 views comments | 27 tweets | 28 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
9025 views comments | 22 tweets | 31 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8937 views comments | 29 tweets | 35 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8843 views comments | 21 tweets | 24 linkedin
BBVA brings info and payments to social and messaging networksBBVA brings info and payments to social an...
6692 views comments | 11 tweets | 17 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job