SDG 8: Decent work and economic growthSDG 9: Industry, innovation and infrastructure
  • Original Title: TransferWise
  • Year: 2013
  • Award: World Summit Award
  • Category: Business & Commerce
  • Producer: Taavet Hinrikus
  • Country: Estonia
  • URL:

Banks charge a lot for international money transfers – even when they claim there are ‘no fees’. TransferWise doesn’t. The service allows regular people to access the real, mid-market exchange rate. This is done by using peer-to-peer technology that cuts out traditional bank fees altogether. Customers pay a tiny, fully transparent service charge to access this. We hope it will upend the entire sector in the way Skype did international calls.