International money transfer news and advice

All the latest international money transfer news and top tips from Mozo's money experts

Aussie businesses delay international growth due to money transfer complexity says wise

Aussie businesses delay international growth due to money transfer complexity, says Wise

Despite the Australian Competition and Consumer Commission’s (ACCC) asking for more transparency and simplicity in international money transfers (IMTs), a new report by foreign exchange specialists Wise (formerly known as Transfer Wise) says international payments are the most significant barrier to Australian small businesses when it comes to expanding internationally.

Read More
Accc latest inquiry wanted to make fx more transparent but did it

ACCC latest inquiry wanted to make FX more transparent, but did it?

If you’ve sent money overseas, you’ve probably been very confused about how it all works. To start with, the exchange rate you google is different from the one you end up getting (usually lower). And you can find yourself spending more money than you originally planned because of fees that suddenly appear. Overall, it is never quite clear what you will get until you click send.

Read More