TransferWise Messenger BotSending money overseas can be cumbersome and costly, especially when you want to do it via banks or money transfer agents.
In our modern age, when everybody and their dog are connected to the internet, there isn’t any proper online foreign money transfer possibility that would save you from waiting in line at your bank.

TransferWise, one of the leading companies in the finance technology sector is just about to revolutionize sending money overseas. Their new chatbot for Facebook Messenger will soon enable its users to transfer money to their peers without having to leave their Facebook Messenger app. All you need in order to qualify for this facility is to be a TransferWise customer.

Step By Step Guidance

This bot can be used to set up transfers originating from the US, UK, Canada, Australia or Europe. The step-by-step guidance makes sending money a breeze. Besides, TransfweWise Bot will help users who get stuck at some point in the sending process.

Rate Alerts

rate-alertsRate alerts will help those who make recurring payments between two currencies stay updated on current exchange rates. The Bot allows setting up as many currency alerts as needed, the alerts being sent out every morning. Once you spot the right rate, you can instruct your bot to perform your money transfer, thus being able to score some savings in the process.

The TransferWise API

The TransferWise API powers the TransferWise Bot, and it can be used by anyone to make overseas payments across hundreds of currency routes. According to Scott Miller, the company’s Head of Global Partnerships, this API may be implemented in other chat applications apart from Facebook Messenger. He also stated that the company intends to increase the number of countries in the near future. TransferWise is currently working on this, so you should stay tuned, if you want to be among the first to know when you’ll be able to initiate money transfers from other countries than the ones mentioned above.

“Our mission at TransferWise is to bring faster, cheaper, and more convenient international money transfers to everyone in the world. Building the TransferWise bot for Messenger is a great step in that direction It’s also a powerful example of how our API can be used to seamlessly integrate TransferWise into almost any messaging, bank, or business payment system.”

Scott Miller, TransferWise Head of Global Partnerships

Over £800 million is transferred through TransferWise every month, the service being used by lots of businesses and commercial banks.

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Categories: Money Transfers

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