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Groupe BPCE And TransferWise Team for Money Transfers

June 4, 2018

TransferWise, Natixis Payments and Groupe BPCE, France's second largest bank, has partnered to enable Banques Populaires' and Caisses d'Epargne's 15,1 million individual active customers to sending money to over 60 countries at the real exchange rate. It's the first time in Europe that a major bank will directly integrate

TransferWise's API into mobile banking apps.

This partnership between Groupe BPCE, Natixis Payments and TransferWise is set to be launched at the beginning of 2019 and will offer a digital solution to send money outside the eurozone at TransferWise's usual low fee. The service will be available 24/7 via the banks' apps.

TransferWise, Natixis Payments and Groupe BPCE are committed to offering the best possible service and the fairest deal to their customers and this collaboration is an important step in making that a reality for everyone. This partnership fits in perfectly with Groupe BPCE's TEC 2020 strategic plan to embrace digital innovation and tackle the digital revolution head on.

"Integrating fintech services in our customer journey is an integral part of Natixis Payments' DNA and know-how, allowing us to build better payments every day, says Pierre-Antoine Vacheron, Member of the Senior Management Committee of Natixis, in charge of payments. We are excited to join forces with a solution as innovative as TransferWise, that meets the critical needs of consumers today when it comes to international money transfer. This integration is a concrete use case of Instant Payment, of which Natixis Payments and Groupe BPCE are frontrunners."

TransferWise has a mission to make money move around the world as fast and as cheaply as email, explains Kristo Käärmann, co-founder and CEO, TransferWise. This partnership is a momentous step on that journey - for the first time a major mainstream bank is offering its customers the chance to benefit from TransferWise's lightning fast, low cost service. It's great to work with such an influential institution trailblazing this innovation for the benefit of its customers. The banking industry is beginning to embrace the services challengers can offer, and we look forward to more banks joining us on this journey.

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