Number26, a German digital banking start up backed by Peter Thiel, has teamed with TransferWise, a UK-based peer-to-peer money-transfer firm, to offer its customers in-app access to TransferWise’s service.
The service will be immediately rolled out to the bank’s customers in Austria, France, Germany, Greece, Ireland as well as Slovakia.
The transfers will be initially available from Euros into eight currencies, namely US Dollar, British pounds, Swedish krona, Indian rupees, Australian dollars, Hungarian forints, Swiss francs, and Polish zloty, the bank said in a statement.
The updated version of N26 apps, with TransferWise built in, are available on iOS and Android platform.
TransferWise CEO Taavet Hinrikus said: "We want to make it as easy and fair as possible for people who need to send money abroad, so we’re very excited that Number26 customers can now access the TransferWise experience without leaving their banking app."
Set up in 2015, Number26 already has 100,000 customers across Europe.