TransferWise suspends international remittance service from Brazil

TransferWise confirms that the transfer route from Brazil is temporarily unavailable due to the end of the partnership with MSBank.

RIO DE JANEIRO, BRAZIL - TransferWise, a global company that transfers money between countries, has temporarily suspended its money remittance service from Brazil to other countries, according to a statement released on Thursday, February 18th. The reason for this was the suspension of an agreement it had with MSBank, a specialized foreign exchange bank.

"TransferWise confirms that the transfer route from Brazil is temporarily unavailable due to a number of operational adjustments, which include the end of the partnership with MSBank," the company said in a statement.

MSBank, in turn, explained that it has suspended its partnership with TransferWise because it . . .

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