TransferWise, a global low-cost digital money transfer service, is now operating in the UAE, six months after receiving its license from Abu Dhabi Global Market’s Financial Services Regulatory Authority.
Key Advantages when using Transferwise online transfer
- On average Transferwise is 2x cheaper than banks and exchange houses
- Send money from AED to 70+ countries with ability to send to bank accounts or mobile wallets in the Philippines
- Convenient - can track status of transfer via desktop or mobile app, fully online service so no need to visit exchange houses in person, sending via bank transfer rather than SWIFT transfer so beneficiary avoids fees
- Regulated: TransferWise Nuqud Ltd is regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). Its parent company, TransferWise Ltd, is an authorised Electronic Money Institution regulated by the Financial Conduct Authority (FCA) in the UK.