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Evening Standard
Evening Standard
Business
Simon Hunt

Wise under fire as London fintech accused of hiding prices of cheaper rivals

WISE fintech London Standard

Wise CEO Kristo Kaarmann

(Picture: Handout)

Leading London fintech Wise has come under fire after a rival firm accused it of unfairly touting the affordability of its services by concealing the prices of other providers who were cheaper.

Wise, which offers international money transfers, publishes a daily exchange rate comparison on its website for multiple currencies, which today shows it to be the cheapest provider for a £1,000 sterling-euro transfer. But rival Atlantic Money says it was dropped from Wise’s comparison after its own rates were seen to be lower.

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