Estonian startup to make money transfers cheaper for Ukrainians

By Bozhena Sheremeta / July 20, 2015

A new money-transfer service that helps users sidestep banking fees has opened for business in Ukraine. TransferWise, an Estonian startup, is a web-based solution that allows users to connect their bank card to an online profile and transfer any amount straight to a recipient’s own card account.

Recipients in Ukraine can get their hands on the money in just one working day either at their bank branch or in cash from an ATM in hryvnias.

Topics: Financial technologies, International, News, Payments & fintech, Startups

About

Bozhena Sheremeta

A graduate of the Economics Faculty of Taras Shevchenko National University in Kyiv, Bozhena Sheremeta covers the vibrant Ukrainian startup scene for The Kyiv Post. She can be reached at sheremeta@kyivpost.com and followed on Twitter @BozhenaLucky.

http://www.kyivpost.com/

About

The Kyiv Post

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

http://www.kyivpost.com/