Startups target banks' small business customers in FX payments drive

Published: 15/05/2019
Startups target banks' small business customers in FX payments drive
Source: NEWS.YAHOO.COM

Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion a year. Many small firms accuse them of using slow, outdated technology and charging fees as high as those for retail clients. "Small businesses don't get any better prices than consu

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