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Startups target banks' small business customers in forex payments drive

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 (5 trillion pounds) a year. 

  • Shared by Reuters
  • May 17, 2019
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The British money transfer firms have expanded by targeting the retail market with offers of cheaper and faster ways to send cash internationally.

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