Wise was accused of harming competition in the money transfer market by delisting a rival, Atlantic Money, from its currency exchange comparison tool.
Pavlo Gonchar | SOPA Images | LightRocket via Getty Imageshas been accused by a rival fintech company of undermining competition in the money transfer market.
Shares of Wise, which debuted on the London Stock Exchange in 2021, were worth £5.14 apiece at 10:30 a.m. London time, 2% below the Thursday market close.In the letter Atlantic Money shared with CNBC, the company says Wise unfairly removed it from the price comparison section of its website and refused to include it on Exiap — a foreign exchange fee comparison site that also belongs to Wise.Atlantic Money said in the letter that it was initially listed by Wise on its website on Oct.
Atlantic Money offers a flat £3 fee on all currency conversions up to £1 million. Its fees are lower than Wise for transfers of £1,000 or more. "We decided to remove Atlantic Money for the time being for a number of operational reasons, including queries received from customers about their business. We take any complaints very seriously," a Wise spokesperson told CNBC via email, in response to a request for comment on the Atlantic Money letter.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Eric Adams dubs NYC private security group ‘wise’ guys for battling shopliftersThe new unarmed, five-person “Ambassador Program” is charged with monitoring the busy shopping area along Fordham Road.
Leer más »
Russia says it carried out hypersonic missile exercises using a frigate in the AtlanticThe Russian Defense Ministry said one of its frigates had conducted 'hypersonic missile exercises' in the western part of the Atlantic Ocean.
Leer más »
Family behind Marker 32, fish camps debuts new restaurant in Atlantic BeachThe family behind some of Jacksonville's most popular seafood restaurants has opened a new concept in Atlantic Beach. Here's what we know.
Leer más »
North Atlantic SPAC to dissolve after inability to find merger partner within 2-year deadlineNorth Atlantic Acquisition Corp. a special purpose acquisition company (SPAC), or blank-check company, said Wednesday that it will dissolve and liquidate,...
Leer más »
2 kids seriously hurt after being hit by car in Atlantic CityThe 10-year-old and 14-year-old hit were struck in Atlantic City on Wednesday morning.
Leer más »
JSO: 2 men say they were shot near business on Atlantic BoulevardJUST IN: Police were called to the scene because of gunshots but were unable to locate any witnesses or victims, and then the men walked into the hospital with gunshot wounds.
Leer más »