Wyzex Pty Ltd

When it comes to sending money overseas, the average consumer is faced with multiple challenges and options. Banks and MTOs (Money Transfer Operators) offer services with varying charges and rates. Some have variable delivery times, ranging from same day to 5 days. All charge a transaction fee of some sort and many often derive additional profit by taking a margin on the exchange rate itself. Finding the most cost effective and efficient money transfer solution for a particular transaction often requires the consumer to log into each of the different vendors’ web sites, with inconsistent authentication rules. Wyzex is an online platform that provides transparency, efficiency and simplicity in the global market place for foreign exchange and remittances. We aspire to be the “Trivago” or “TripAdvisor” for foreign remittance – an open market place matching customers with MTOs and Banks. Our mission is to disrupt the status quo by putting the consumer in control of the overseas money transfer process, unbundling and reducing hidden costs and making the process much more transparent.