TransferWise Starts Japan Business in Money Transfer Push

  • Targets 5% share of country’s foreign-remittance market
  • Touts peer-to-peer model to save money for people sending cash

Taavet Hinrikus.

Photographer: Akio Kon/Bloomberg

TransferWise Ltd., the U.K. money-transfer startup, began operations in Japan Wednesday, its latest effort to shake up banks’ dominance of the market for sending cash abroad.

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