SaveOnSend_com
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SaveOnSend_com3 karma
Recently TransferWise started to acknowledge that #P2P is more of a vision rather than reality of global remittance due to huge dis-balance of flows - http://www.theguardian.com/global-development-professionals-network/2015/apr/08/the-london-startup-rebooting-remittances - could you share % of transactions in top global corridors like USA-India or USA-Philippines that TransferWise settles P2P? Even magnitude would be ok answer - e.g., 1% vs. 10%?
SaveOnSend_com2 karma
hence, question about segments - consumers are around $500B, SMB - and corporations much more... in a consumer space, WU has ~15% share and MG - ~5%
SaveOnSend_com2 karma
Hi Taavet, thanks for coming out here. In a spirit of transparency and not-hiding, could you share any insights about TransferWise performance in Q1 2015 (revenues, volumes, unique customers) across top geographies?
SaveOnSend_com1 karma
but the largest money transfer providers for consumers are Western Union, MoneyGram, Xoom... not banks? How do you see your cost structure being different from their online units? Or is TransferWise more focused on larger amounts & SMB segment?
SaveOnSend_com4 karma
at least for USA-India and USA-Philippines (both top-10 global corridors), we have been tracking TransferWise daily since launch and can confirm the "mid-rate" claim
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