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  • Writer's pictureJonas Bateman

TransferWise teams up with Pockit.

Pockit and TransferWise and moneyXFR

A win for online businesses who wish to integrate their systems with the best online money transfer service.

A bigger win for those who are less fortunate and tend to pay higher fees because they have no choice.

Powered by TransferWise. Is that the new saying? It appears so lately.

TransferWise knocked it out of the park again. Going 3 for 3 in December with some nice milestones across the board.

For the individual in Singapore.

December 2, 2020, TransferWise co-founder CEO, Kristo Kaarmaan, announced that TransferWise will connect directly to the SGD Instant Clearing in February 2021. What this means, money transfers to and from Singapore will be instant. 1 for 1. Check!

For Hungary.

TransferWise announced on December 15, 2020, Hungarian Forint (HUF) transfers from anywhere in the globe to Hungary are less expensive and faster; almost instant. 2 for 2. Check!

For the less fortunate in the UK.

Pockit online transfers are now powered by TransferWise. Pockit users can now plug into TransferWise’s API to provide Pockit’s clients faster and less expensive money transfers directly from the Pockit app.

TransferWise has shown its value add across the board. TransferWise continues to integrate into the global banking systems. They will continue to produce a faster and less expensive product.

TransferWise shows its willingness to continue to partner up with other money online transfer services. The partnership with Pockit demonstrates the transparency that TransferWise is willing to show. They don’t seem afraid to say, we want to work with you to help produce a more valuable product compared to traditional services such as banks, PayPal, and Western Union.

“Pockit was founded in 2014 with a mission to make a better current account for customers left behind by high street banks.”

This approach makes sense. Pockit focuses and assists those in the UK, who have less than desirable credit history. Or those who have been rejected by the larger banks or transfer services. Pockit's value is to help those who may have had some issues or need a break from those high charges that many of these services charge this demographic.

Pockit focuses on helping those to earn cashback from Pockit partners, switch to Direct Debit and save on bills, build a better credit score and get access to better deals, and save money when sending money abroad.

Pockit takes the honorable road. TransferWise should be proud of this agreement with Pockit. 2020 was a tough year across the board. The integration and partnership of TransferWise and PockIt will be a bona-fine win for the underserved communities.

A win-win.

3 for 3. Check!

4 for 4? TransferWise, is that asking too much?

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