TransferWise has launched its debit card in Australia and New Zealand

UK-originated money transfer unicorn TransferWise has debuted its debit card in Australia and New Zealand, with Singapore soon to follow.

The cards will be linked to TransferWise accounts, which provide the cardholders with bank account numbers and details in several nations, according to TechCrunch, which broke the story.

TransferWise’s co-founder and CEO Kristo Käärmann said that the decision to launch in the two countries was due to considerable customer demand and since the business had already been growing steadily in the two nations.

The scaleup also aims to keep expanding across the Asia-Pacific, with plans to introduce the debit card in Singapore by the end of 2019.

Back in May this year, TransferWise hit a $3.5bn valuation after a $292m secondary investment round. The company was founded in 2011.

Copyright © 2019 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.