Grüezi! TransferWise for Banks lands in Switzerland

Prasangi Unantenne
27.07.20
3 minute read

Today is an exciting day for Swiss consumers and for better international banking in Switzerland.

For the first time, we’ve brought TransferWise for Banks, our bank-friendly API integration, to Switzerland, enabling financial institutions the ability to surface our best in class international transfer experience within their banking app directly to their customers for cheaper, faster, transparent international payments.

All this is possible thanks to our powerful and easy to use API, which is the gateway to our infrastructure.

Meet Switzerland’s first 100% fully digital account

“This partnership will greatly reduce the pain of sending money internationally and makes the neon account truly borderless.” - Jörg Sandrock, CEO of neon

neon is challenging the Swiss banking market with its first fully digital account offereing. neon’s more than 30,000 users are now able to use TransferWise’s low cost and transparent service to send money abroad, straight from the neon app.

neon customers enjoy the convenience of not having to download a separate app to send money overseas and can link their existing TransferWise account or, if they don't have one, seamlessly open one with one click.

The ability to make the payment directly from their neon account means sending an international transfer through the neon app is even faster and more convenient than doing it through TransferWise.

The Swiss neobank is now taking advantage of our proven system of payment rails and API that connects people and banks around the world. Our dedicated TransferWise for Banks team supported neon through all stages of the build to ensure a seamless experience both for neon and their customers.

transferwise-for-banks-switzerland-neon-flow

Want to enjoy the benefits of accessing TransferWise from an easy, limitless, low cost neon account? Get yours here.

We’re now plugged into core banking system of Hypothekarbank Lenzburg AG

“It was pretty easy for us to integrate TransferWise’s global infrastructure into the Finstar ecosystem. As a result, we will bring cost savings to even more people in Switzerland.” - Marianne Wildli, CEO Hypothekarbank Lenzburg

Our latest partnership comes to life through the integration of our TransferWise API into Finstar, the core banking system developed and marketed by the Hypothekarbank Lenzburg. The bank with a listing on the Swiss stock exchange is processing all transactions for neon users. neon has access to the data using the Finstar API and the TransferWise API.

A global network - with highly satisfied customers

We’re incredibly excited to work with trusted partners on three continents to make their customers lives significantly easier when sending money abroad. Surveys show that our partners’ users enjoy the convenience of our service and more than 90% using the integration would recommend using our service.

TransferWise for Banks has partnered with Monzo in the UK, bunq in the Netherlands, N26 and Mambu in Germany, Activo Bank in Portugal and LHV in Estonia, with Novo and Stanford Federal Credit Union in the US and EQ in Canada. We’ve also announced partnerships with BPCE, France’s second largest bank, and Up! in Australia. We look forward to building many more partnerships in the future.

Get in touch with our team to learn more, or start your integration.
Mail to: banks@transferwise.com

TransferWise is the smart, new way to send money abroad.

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