Atlantic Money Launches Operations in Spain, Italy, and France

UK-based fintech Atlantic Money has expanded its remittance solution into three more European markets, France Italy, and Spain.

Atlantic has also localized its app and website, making it available in French, Spanish, Italian, and German, and increased its sending limit from EUR 100,000 to EUR 1 million. For the first time in these countries, consumers can make international transfers for a flat, fixed fee of just EUR 3 at the current exchange rate for transfers up to EUR 1 million.

Customers in France, Italy and Spain can send money from EUR into eight currencies including USD, EUR, AUD, CAD, SEK, NOK, DKK, and PLN, with new currency corridors and advanced product features being added continuously post-launch. The fixed fee money transfer provider has also doubled its sending limits within its tiers to make sending larger amounts easier.

Atlantic Money secured its European licence to operate as a payment institution through the National Bank of Belgium back in June 2022 and has since launched in Ireland, Belgium, Germany, and Austria, enabling users to make fast, affordable transfers.

Company officials stated that while their competitors continue to move into new areas of finance, neglecting their core products, they are laser-focused on one thing – getting people's money from one currency and country to another as simply, efficiently, and affordably as possible. They're happy to bring fixed fee transfers to France, Italy, and Spain and look forward to saving people across Europe up to 99% on their money transfers.

(Source: The Paypers)