TransferWise was founded in 2010 with the belief international finance needed more fairness and transparency. A decade later, we’re bringing the movement beyond TransferWise, with the launch of The Nothing To Hide Foundation.
The European Union proposed action to cut the cost of remittances and deliver on the United Nations Sustainable Development Goals in their Consultation on a retail payments strategy for the EU. This must be delivered, and the Nothing to Hide Foundation community will make sure that this happens.
Last week global leaders gathered for their annual summit in Switzerland. They agreed that fintech and financial inclusion is key to meeting the UN’s Sustainable Development Goals by 2030.
CBPR2, whatcha-who? Just before Christmas you may have been sent a message from your bank saying they won’t be charging you for making euro payments from non-euro countries like the UK. That there’s no longer a fee for making a payment in Europe. (They’re still planning on charging you for non-euro payments outside the EU…)
The French consumer organisation UFC-Que Choisir filed a formal complaint against US money transfer giants Western Union and MoneyGram, citing their deceptive pricing and high hidden costs.