Global remittance company TransferGo, announced today that it has launched the first completely free international money transfer service.
Customers are now able to transfer money around the world at absolutely no cost.
TransferGo will charge zero fees and make the money transfer at the mid-market (inter-bank) foreign exchange rate.
“In today’s global society, customers should be able to transfer money to friends and family internationally at no cost, in the same way they can domestically.” said Daumantas Dvilinskas Founder and CEO of TransferGo “Our product innovation is driven by the highest pain points for our customers, which in this case was the fees currently charged by incumbent [and challenger] players in the market. We believe in stripping down the complicated fee structures that can be difficult to understand - we want our customers to have complete confidence that we are providing a service with no transaction fee and no mark up on exchange rates, it’s just free.”
TransferGo’s free service is powered by the success of it’s premium service, TransferGo Now, which allows customers to make international money transfers instantly.
TransferGo has built a much loved brand based on transparency, trust and user experience and has over 700 thousand users around the world. In response to demand from these users, on October 12th 2018 TransferGo will launch a crowdfunding campaign with Seedrs.
Dvilinskas continued, “Our customers are at the centre of everything we do and as we continue to grow and innovate, we want them to be part of the journey. So, next month we are launching a crowdfunding campaign with Seedrs so they can share in our success.”