Transferwise To Lower Fees In Hungary
- 9 Dec 2020 10:52 AM
- Hungary Around the Clock
As Transferwise has joined Hungary’s instant money transfer system, its transaction costs have dropped by about half from the earlier average fee of Ft 208 per transfer, founder and CEO Kristo Käärmann said on Tuesday.
Speaking at a conference in Budapest, he said the fintech company has not yet announced lower fees, but will do so in the near future.
Previously, Transferwise typically joined national money transfer systems via partner banks, but in Hungary it has established a direct connection to the national system.
As the next step, the company will join the Australian national money transfer system.
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