TransferWise has created the Borderless accounts product to enable customers to set up and operate local bank accounts in approximately 15 different countries to receive or send money the way a local customer can do.

Borderless accounts help TransferWise customers to:

• Manage funds in over 25 different currencies, at their most suitable time and at a small rate.
• Save on unnecessary fees or exchange rate excessive spread at the time of receiving payments
• Receive payments at the currency of your choice, be it GBP, USD, or EUR, as TransferWise is aiming to expand the amount of currencies it operates with.

Please refer to the following link for finding out about TransferWise borderless accounts.

Samsung Pay is a mobile payment system that allows their customers to configure an 'electronic wallet' with credit and debit cards to use them without having to physically carry them, so that these customers can use the smartphone as if it were the credit card itself in any type of establishment with point of sale terminals with NFC1 and MST (Magnetic Secure Transmission) in some countries, which makes it compatible with all contactless and magnetic stripe terminals.

The procedure to use this service is very simple. At the moment of going to pay, the user will only have to slide his finger upwards, leaving the available cards visible (he must previously store them in the application developed for the occasion), choose which one he wants to use and proceed to payment, scanning the user's fingerprint.

The Samsung Pay system works with contactless point of sale terminals, a device that owns most of the current stores, so Samsung Pay can be used in all those stores without any problem.

Please log on to https://www.samsung.com/uk/samsung-pay/ to find out more about Samsung Pay

Apple Pay is a contactless payment method that has been created for Apple devices. This method has been designed to transition consumers from physical payment methods over to having their debit and credit cards directly on their Apple devices, allowing these customers to pay with their devices instead of using a card.

Apple Pay, therefore, works for any merchant that accepts contactless payment methods. Whenever customers note a contactless payment symbol or the Apple Pay symbol near readers in the checkout process, that means that Apple Pay is accepted.

For further information, please log on to https://www.apple.com/apple-pay/

Google Pay is a payment method created by Google for their Android users to make payments online or contactless and, whenever needed, to be used for transferring money to other peer users.

Google Pay claims that customers can pay for their purchases by simply placing their devices (be them Phones, Smartwatches or even Google Glasses) near a contactless payment terminal at the merchant of their choice for making their payments.

In the UK, customers can make payments of up to GBP 30 without even unlocking their phones; it all comes down to simply having the phone screen on – no need to open any apps for making these payments.

Please log on to https://pay.google.com/ for having more information on Google Pay.

TransferWise customers who regularly use ApplePay, can also take advantage of this feature for issuing transfers through TransferWise:

First, customers must access the TransferWise app on iOS or web platform in cases they use Apple Pay, then create a transfer as usual, selecting Apple Pay as the preferred method, and confirm this payment as per directed by the platform.

Those customers who want to pay with Apple Pay can do it in the UK for up to £ 10,000 a day, in most of the Euro zone for up to € 2,000 a day and in the US up to $ 2,000 a day and $ 8,000 a week.

Please refer to the following link to use your TransferWise card with Apple Pay.

Transferwise’s customers can transfer their money overseas without paying excessive rates; this company helps customers to pay rates up to 10 times less that any traditional bank.

With the Mastercard debit card that is issued by Transferwise, people who travel abroad can spend in the destination currency, as approximately 50 currencies are available for exchanging.

As an example, customers can compare, for exchanging GBP 250 to EUR, paying a GBP23.55 rate they would pay at Santander against paying GBP1.54 at Transferwise.

Please refer to the following link to review Transferwise’s multi-currency accounts!

As sending money overseas can be frightening sometimes, Transferwise claims to make it easy as it can get. Please note some things to bear in mind beforehand:

• Know beforehand your limits: As banks can transfer limits per day or per transfer (which can vary depending on the platform they are made on), you need to be aware of such limit to decide whether such transfer is made in person or over alternative means.
• Pre-verify your identity: TransferWise will always ask their customers to verify their identity (customers’ address and photo identification will be checked), but such verification would take approximately two business days. So, if customers need to make a swift transfer, it is always best to have their profiles verified in advance. Besides, and for fraud investigation purposes, it would be required to provide with additional evidence for money origins in case of dealing with large or abnormal transfers.
• Transfer now or wait for the right rate: As in large transfers a slight change in the exchange rate makes a huge difference, Transferwise customers can choose to send their money immediately or at the exchange rate that has been defined by the customer.

Please refer to the following link to send large transfers with Transferwise!

Whether you work in a small company and must report expenses, for example gas when traveling or simply want to keep your finances on the sidelines, Expensify will help you.

Using the application, you can keep under control any expense you make, save receipts and at the end of a period you can give reports. These are generated automatically with the information that you send little by little to the app.

What exactly is Soldo?

This is an app that enables companies and small businesses to use multiple Mastercard-issued prepaid cards, so that employees and teams can centralize payments and expenses by using these cards; besides, the app’s features make it easier for accounting and finance departments to track each card’s spending, manage budgets, and export spending-related data into each company’s accounting records.

Soldo is capable to offer three available plans that suit each customer’s needs, such as:

Soldo Pro, for GBP5.00 per card per month, which includes prepaid cards, mobile app and administrative web console, spending controls for each user, on-the-spot receipt capture and enriched transaction data, free deposits and withdrawals from domestic accounts and Instant and free fund transfers to users.

Soldo Premium, for GBP9.00 per card per month, which also includes customizable cards for teams’ expenses, configurable roles within the company and advanced reporting features, and

Soldo Enterprise, with tailored plans (for over 30 cards) which also includes dedicated customer support, onboarding, training and, most importantly, advanced integration with your systems through APIs.

For further reference, please check out Soldo’s fact sheet at https://www.soldo.com/gb/pricing/

What exactly is Soldo?

This is an app that enables companies and small businesses to have multiple Mastercard-issued prepaid cards, so that employees and departments can centralize payments and expenses by using these issued cards; besides, as transactions are captured in real time at the point of purchase, it is much easier for accounting and finance departments to track each card’s spending, manage budgets, and export related data into the company’s accounting records.

Soldo is capable to offer three available plans that suit each customer’s needs, such as:

• Soldo Pro: GBP5.00 per card per month, which includes prepaid cards, mobile app and administrative web console, spending controls for each user, on-the-spot receipt capture and enriched transaction data, free deposits and withdrawals from domestic accounts and Instant and free fund transfers to users.
• Soldo Premium: GBP9.00 per card per month, which also includes customizable cards for teams, projects or company expenses, configurable roles for users: admins, managers, external bookkeepers and others, advanced reporting with filters by period, currency, user and more
• Soldo Enterprise, with plans tailored for each need (over 30 cards), which also includes a dedicated Customer Success Manager, custom onboarding and product training and advanced integration with your systems (through APIs)

In my opinion, I think that Soldo is a robust and affordable investment that can provide a large deal of value, especially for SMBs. For those larger companies, the chance of integrating Soldo with their accounting systems though APIs is a true competitive edge over other players.

Besides, Soldo looks easy to use (with a clean interface) and has a similar business model to other related apps, so the onboarding experience looks easy at first sight.

For further reference, please check out Soldo’s fact sheet at https://www.soldo.com/gb/pricing/