Santander has launched a standalone offering, which is free for two months to attract customers, including those affected by the coronavirus.
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Santander launches PagoXF to take on TransferWise
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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.
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