Startups target banks' small business customers in FX payments drive

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Startups target banks' small business customers in FX payments driveRevolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion a year. Many small firms accuse them of using slow, outdated technology and charging fees as high as those for retail clients. 'Small businesses don't get any better prices than consumers,' said Stuart Gregory, head of TransferWise for Business.


Read More: https://news.yahoo.com/startups-target-banks-small-business-customers-fx-payments-060941087--sector.html

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