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For a similar reason illustrated during the previous area: technically there isn’t any Intercontinental transaction, but relatively two local transactions: you mail your money for the TransferWise banking account in your country, and TransferWise then sends the money towards the financial institution you indicate (in Hong Kong, as an example), employing their checking account in that state (like Hong Kong).
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“To higher provider our customers and to fulfill the growing demand for several makes use of of cell wallet in Hong Kong, we have been delighted to collaborate with Western Union and extend our services providing for patrons to send out money to their family members and friends situated in nations around the world throughout the world. Sending money abroad in several currencies is usually built effortlessly With all the Faucet & Go cellular wallet.
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It depends on the country. Some nations around the world make it possible for the use of TransferWise even for “industrial†transfers (like all nations around the world of the eu Union or Hong Kong), while some make it possible for the use of TransferWise only for “private†transactions.
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