PagoFX’s pricing structure is similar to Transferwise’s most popular “fast and easy” rates, though it is more expensive than Transferwise’s cheapest — but slower — products. The UK start-up has become one of Europe’s most valuable fintechs since its launch in 2011 by charging much lower rates than those historically charged by banks or specialists such as Western Union.

https://www.ft.com/content/ab439057-6b38-4cdc-8aa1-bd2aa16a62cb