News

TransferWise CEO Kristo Käärmann says being honest with customers is the key to success – and he’d be happy to show Australia’s big four banks how

Kristo Käärmann, CEO and co-founder of foreign exchange platform TransferWise, says it makes perfect sense for Australia’s big four banks to integrate the company’s platform in order to get their customers back. Käärmann told Business Insider Australia that after its successful partnership with Up, TransferWise had a number of other […]
TransferWise CEO Kristo Käärmann says being honest with customers is the key to success – and he’d be happy to show Australia’s big four banks how
Strategy

5 services you can use to transfer money overseas from Australia

While banks usually offer foreign currency transfers, there are plenty of websites and apps which can provide the service at cheaper prices. We rounded out a list of 5 websites you can use to transfer money overseas, including Airwallex, World Remit and TransferWise. Their fees vary depending on where you’re […]
5 services you can use to transfer money overseas from Australia
Markets

Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.

Argentinian traders found a new way around their government’s capital controls – and the bond-trading technique is consistently netting 7% returns, Bloomberg reported. The traders profit off the difference between the US-Argentine peso exchange rate and the government’s new peso value. The official exchange rate of about 56 pesos to […]
Traders in Argentina have figured out a loophole that generates a 7% return in mere minutes. Here’s how they pull it off.
Markets

The big four banks have been rorting Aussies of hundreds of million of dollars every year in foreign currency fees – now the government is cracking down

The Australian Competition and Consumer Commission (ACCC) has completing its inquiry into foreign exchange (FX) service providers, finding that Australians are paying far too much in exorbitant fees and poor exchange rates. The main reasons FX providers had managed to get away with charging both were a significant lack of […]
The big four banks have been rorting Aussies of hundreds of million of dollars every year in foreign currency fees – now the government is cracking down