Fintech unicorn Transferwise partners with first major European bank BPCE, gaining 15.1m new customers

Digital money transfer service Transferwise has partnered with Banques Populaires’ and Caisses d’Espargne (BPCE), France’s second largest bank, to integrate its API directly into BPCE’s banking apps. Set to go live at the beginning of 2019, the partnership between Groupe BPCE, its international banking arm Natixis Payments and Transferwise will see the fintech firm’s international payments API power all payments made digitally by the group’s 15.1m retail customers at the mid-market exchange rate. Transactions will also be set at Transferwise’s low-cost 0.5 per cent fee on most routes, and will serve over 60 international destinations.

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