Would be great to have MG/WU integration for both incoming and transfers. Here’s why:
SEPA works exclusively in Europe.
SWIFT is expensive for the receiver or sender (if it’s not Revolut) and takes lots of time
Revolut is not available out of Europe.
Can help in case of:
Too much cash at one point and you need them urgently in card (transfer in)
Lost card(s) and you need cash (transfer out) ASAP
I’m traveling for 20 months already and I’ve sent money mysel at least 8 times for various reasons (from card chip broken and needed cash, to sending some friends money to book them tickets) Currently I can sill do that with WU with my bank but WU is expensive and works over the counter only.
MG is way cheaper and works even online with card payment. And again, rev.me is very limited too.
Another thing which happened two months ago was that I had an emergency and lost over 1.5k$ and urgently needed 200$ to book a last minute flight. Rev.me didn’t worked because the card was “not issued in a supported country” so my friend ended giving me the card details to book the ticket. MG could fix this fast.
And another thing happened when the same friend lost his wallet in a taxi (all debit and credit cards) and went cashless. In this case I could help him by transferring money to my account and I give him in cash. Was not possible…
As long as we have a non european buddy things get complicated.
For example now we’re heading again to party islands. So we took some precautions in case of lost cards/ money with a payment via PP then to my bank. But it’s slow and not good for emergency in any case…
Ps. I’ve made a GCash account for Spotify for 2€/m and a way to avoid taxes while in Philippines and they also have MG and WU. But I won’t use them after I’ll leave PH (except for Spotify)