![]() ![]() Building the TransferWise bot for Messenger is a great step in that direction.It’s also a powerful example of how our API can be used to seamlessly integrate TransferWise into almost any messaging, bank, or business payment system. “Our mission at TransferWise is to bring faster, cheaper, and more convenient international money transfers to everyone in the world. Scott Miller, TransferWise’s head of global partnerships said in a blog post: This allows its user to make transfers when the rate is at the right level for them. The bot guides users through the process and as well as making it easier to transfer money internationally, TransferWise Bot can send daily exchange rate updates. If you want to add a new recipient to your list - and whenever you are ready to make the actual financial transaction - you have to leave Messenger and go to the TransferWise website.ġ.TransferWise was founded in London in 2010, by Estonian friends Taavet Hinrikus and Kristo Käärmann.Ģ.It was founded out of frustration with the high fees they were being charged by banks for international moneyģ.TransferWise has raised around $120 million in equity funding for its peer-to-peer (P2P) international money transfer service that bypasses banks to keep costs down.Ĥ.The company, which is valued at more than $1 billionĥ.The company is backed by some big-name such as Richard Branson founder of virgin group, Silicon Valley venture fund Andreessen Horowitz, and PayPal co-founders Peter Thiel and Max LevchinĦ.TravelWise has customers in more than 50 countries who send roughly $1 billion through its website every month.In order to make international money transfer even easier, the startup has created a Facebook Messenger chatbot – an automated programme that can help customers send money to friends and family to and from Australia, Canada, Europe and the USįacebook currently allows users to send money within the US using Messenger but TransferWise is the first company to launch the service to enable international money transfers entirely within the app using its TransferWise Bot. Then the bot asks which currencies you are using, and you must select a recipient from a list you set up with TransferWise. Currently, Facebook boasts of having over 30,000 chatbots which help people order pizza, book flights and now make money transfers.įirst, you start a conversation in Messenger with TransferWise Bot and, if you want to send money, you are prompted to log in or sign up for a TransferWise account free of charge. A chatbot is an automated program that can help users communicate with businesses and carry out tasks such as online purchases. ![]() According to Facebook, the platform will let retailers and businesses connect with customers directly through Facebook’s universal messaging service using chatbots. This means that people could switch from using MoneyGram and Western Union to using Facebook for sending money to their loved ones.įacebook unveiled plans to grow the Messenger into a platform back in 2015. Click the '' sign to begin your money transfer. The service is currently available for people in Australia, Canada, Europe, and the US and it is expected to extend to work in other countries and money transfer routes that the company operates in. Click the dollar sign located at the bottom-right corner of your screen, below the text box of your conversation. TransferWise chatbot is currently available only on Facebook Messenger although it can be adapted to work with other popular chat services. Building the TransferWise bot for Messenger is a great step in that direction,” TransferWise Head of Global Partnerships, Scott Miller said in a blog post. ![]() ![]()
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