Maybe it’s too early to be asking this, but I’m sending money to Sweden in SEK and being royally striped up on the GBP-SEK exchange rate (basically a 4-5% markup).
When Mo (your new name, of course #momoneymoproblems#votemo ) is a real bank, will you use the same exchange rate for international transfers as you use for international purchases? Is there likely to be a fee?
Do you have to be a bank already in order to offer international transfers? Revolut offer this as a prepaid debit card, which is one of the main reasons that I still use it, namely to send money to friends and family in the States. Does Mondo plan on offering something similar?