FT: Facebook in Negotiations to Buy TransferWise ({{commentsTotal}})

Business
Business

According to the Financial Times, Facebook is preparing to enter the financial service sector and is in talks with three companies, including TransferWise, founded by two Estonians in 2011.

A spokesman for TransferWise, Donata Huggings, told Äripäev today they have little to comment on the topic, adding that the banking sector needs a shake-up and it is good to see others, such as Facebook, getting into the game.

The deal could be just weeks away, according to FT, and would allow people to deposit and use money on Facebook.

TransferWise is a peer-to-peer international transfer site, allowing users to transfer funds aborad for far cheaper than through traditional banks.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.