Tuesday, August 09, 2011

International Wire Transfer

PeerTransfer has developed an online platform for transferring money between international bank accounts. The innovation is more of a business concept than a technology instead of sending money internationally, PeerTransfer take money from some users and give it to other users within the same country. This way, the money level travels internationally. Also, unlike Paypal, you can transfer up to $300K via PeerTransfer.

Will charge about 1/4 of traditional international wire transfer costs.

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