there are huge number of people who like to send money abroad but are forced to leave the Neo app and use third-party services like Wise remitle Western Union paying extra fees in the process.
I’d love to see international money transfers built directly into Neo, with transparent exchange rates, fast delivery like same day or same hour, and full tracking in-app.
This would make Neo a true all-in-one financial platform for Canadians. Would love to hear if others want this too! 
That’s actually a great idea! It’s not something I do often but I love this idea for when I do need it.
Not something I need but could see how this would be important to a lot of people! +1
This is something I need (not often, maybe once a year). As a fintech geek, would love to see us partner with Wise, they have a better business model for international transfers and their tech is solid now that they’ve been doing it for a while.
Any updates on that?!
I use remitly it is much better than wise and takes less fees compared to wise so it would be better if Neo partnered with remitly instead of wise for transfer. Its much better than wise
Product asked me about it today, I think it’s a good sign!
I suspect it will come after cheque deposits, it’s a similar size of project for a similar dev team.
This is good to know. We’ll have to do a proper vendor review before pulling the trigger.
Have you tried Paysend?
I have not, personally, but I can take a look!
These are already crowded markets with some strong players offering very competitive pricing. I send money to India almost every month, and I currently use services like Pesa (formerly Pesapeer), LemFi, Instarem, and XE depending on the situation.
Pesa — Best exchange rates in my experience, reliable, supports Interac e-Transfer funding, and transfers usually complete in under 5 minutes. Too competitive they removed their referral program.
LemFi — Good rates (with a tiny fee), reliable, supports e-Transfer funding, and transfers are usually very fast. If anyone is interested, you can use my referral code TARUCBBP to get $20 after completing a $100 transfer.
Instarem — Reliable with decent rates, sometimes offers promotional FX rates that make it very competitive. Uses e-Transfer, and transfers usually complete within 30 minutes. The approval process is a bit tougher, but the referral program is attractive. Link for referral.
XE — Established and reliable player, often offering better rates than Remitly, with multiple payment options and fast transfers. If anyone is interested, you can use my referral code XEREF-G7FPU23S to get $50 after transferring $5,000.
I’d still love to see Neo enter this space, but they’d need to stay competitive on FX spreads, fees, and transfer speed because users already have good alternatives. That said, there’s clearly a huge and growing group of Canadians using international transfer services regularly, so it could be a very valuable feature if done right.
Hope this helps.