Money transfer apps have significantly evolved in the past few years, with numerous of them offering the ability to send money across the world using different currencies.
While banks were too slow to embrace the internet, several third-party apps took the chance to make transferring money between people easy and painless. According to a report, Europe leads instant payments evolution with $18T (approx €15T) in worldwide volume predicted by 2025 up from $3T (approx €2.5T) in 2020 – a growth of over 500%.