TransferWise aims to be next Skype of money transfers

Fintech unicorn is in a race to slash international money transfer charges to zero

What’s with these Estonians, the young nation whose 1.3 million thrive off the Baltic Sea in Europe’s north?

Fifteen years ago, a bunch of Estonian developers came up with Skype, changing the face of communications and knocking one into the solar plexuses of telecom companies’ bottom lines. Acquired by eBay in 2005, Skype has come to rest in the hands of Microsoft, which paid US$8.5 billion (S$11.7 billion) for the company in 2011. 

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content