Card consolidation app Curve has launched a new feature for users to send money in over 25 different currencies to friends and contacts.
Operating from within the app, Curve customers choose a contact and amount before selecting any of their bank cards from which to send the money.
Once the money has been sent, the recipient, if they are a Curve customer already, just has to select the bank card on which they would like to receive the money. If the recipient is not a Curve customer, they must first enter their bank card details or take a photo of their bank card via a link which will be shared by the sender.
Once complete, Curve will send the money directly to that bank account, fee free. For foreign currency, Curve will handle the transaction at the mid-market rate, capped at £500 per month.
“Customers want to send money to their friends and family with just a few touches. But with so many different options and the rise of challenger banks, the process is unnecessarily complicated, and customers end up having three to four apps just to send money,” says Diego Rivas, Curve’s head of OS product. “We wanted to make this whole process ten times easier for our customers. Now they have one simple, smart platform which can move money from any account to any account, securely and fee free.”