New Facebook messenger service to transfer or send money using the app

London-based money transfer company TransferWise Ltd. has announced a service with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions and send money over the chat service. TransferWise, was founded in 2010, is considered one of the U.K.’s most successful financial technology startups.
 

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TransferWise launched the technology  bot , a small software that understands your language in Messenger. The bot, which is free to use and does not affect prices or rates offered, will talk users through the process of arranging an international money transfer with TransferWise.
 The TransferWise money transfer service is available for payments to and from the  Canada, U.S., U.K., Australia and Europe, the TransferWise company said Tuesday. It said it would later expand the offering to all 50 countries and 600 currency exchange 

around the world.

Read also:Top 5 Virtual Reality Headset from Facebook,Sony,Samsung,HTC,Google to buy in 2017 WeChat messaging app, the popular Chinese messaging service owned by Tencent Holdings Ltd., was a pioneer in offering chat-based payment systems. Facebook has made a major push to get payment services to integrate with Messenger in order to turn it into a commerce platform as well as a chat destination.
 TransferWise, promise to give customers the official mid-market exchange rate with low money transfer fees, has increasingly sought to become the international money transfer backbone for banks. It currently powers such transfers for the challenger German bank N26 and the Estonian financial services provider LHV Pank AS.
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