Best Practice Report

Disrupting Finance: P2P Currency Exchange

Startups Offer A Cheaper Way To Transfer Money Abroad

April 15th, 2015
Oliwia Berdak, VP, Research Director
Oliwia Berdak VP, Research Director
With contributors:
Alex Causey , Benjamin Ensor

Summary

Peer-to-peer (P2P) currency exchange platforms like CurrencyFair, TransferWise, and Walutomat.pl match customers with one another to facilitate currency exchanges. These startups offer better exchange rates than retail banks and international money transfer firms do and have already saved customers millions of dollars in transaction fees. Read this report to learn who the main players are, to assess their disruptive potential, and to understand how to outflank them.

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