What’s Transumo About?
At Transumo, we believe that international travel, overseas business, and living in other countries among other cultures can be the most enriching experiences life has to offer.
And we believe that inexpensive, fast and stress free international money flow makes the world a better place.
We help people and business to make smart choices for their international transfers and payments. #freedom
Please refer to our Affiliate Disclosure here
The information on this website is for informational purposes and is not financial advice.
Why Trust Transumo?
We only list money transfer companies that are regulated by at least one of the following regulatory agencies:
We’re on a mission to create a world where money has no financial boundaries.
While that mission is bold, a world without financial boundaries makes for a more peaceful, and prosperous world.
Not only is it not impossible, it can only be done one step at a time, and it is happening now on the website.
Since 2009 the cost of remittances has reduced from 9.67% to 6.25%.
But we still have work to do because according to the world bank, “Banks remain the most expensive type of service provider, with an average cost of 12.10%”.
And the stakes are high.
You see, the friction created by international transactions can be a significant barrier in so many ways, and every little step we all make to reducing this friction is a step for positive change.
Together We Can:
Live Freely: Humans are social creatures. Together we do better as individuals, society and humanity when we can interact more easily in the world.
Travel: Money without boundaries means that people can move and travel more freely across borders. This has profound implications for cultural exchange and understanding.
Enabling Others and Ourselves: In reducing or removing barriers to money flow, we can help others and give ourselves more opportunity.
Boost International Business: A world without financial boundaries is an ideal environment for international trade and business. When money flows easily across borders, businesses can expand, innovate, and create jobs more efficiently.
Peace: In a world without financial boundaries, there’s potential for greater economic equality and collaboration and that means more peace.
Who Transumo Helps
Our story so far…
Transumo was born out of the frustration faced by our founder, Quinn Askeland, who spent two decades traveling the world and living in different countries.
In the “good old days” getting fleeced by banks or old-school money transfer companies was the only way.
But over the years the internet has meant international transfers and payments have become far more efficient – faster, with far lower fees, and even more enjoyable.
“Ultimately what that means is now every time I pay someone, move my hard-earned money from one country to another, or pay for something when I am overseas, I don’t feel like a foreigner, I feel like I am in charge of my money and I feel grateful that these new services can now exist. Better yet, I can help others feel the same way!”
In 2014, Transumo was born to help educate and guide individuals and businesses to find the best solutions.
Some Partners Stories
Explore More: Checking out our most recent posts:
Amidst the ebb and flow of global currencies, the US Dollar Index (DXY) has witnessed a subtle yet telling decline of 0.21% this week, continuing a three-week slide against a cohort of major counterparts. This persistent softening paints a picture of a dollar in retreat, challenged by the dovish echoes from Federal Reserve Chairman Jerome…
Disclosure: This post may contain offers and affiliate links to save you money and it also helps us to keep providing the best information. For more information, see our disclosures here. 1. Quicktake On Trustpilot, MoneyGram is rated 4.5/5 with over 35k reviews, which is considered “Excellent”. 83% of the reviews are positive and say…
I first used Western Union in Costa Rica and I remember seeing the difference between the “buy” and “sell” and thinking I was paying a lot for convenience and confidence. But pay I did. That was years ago, and some things don’t change but since then Western Union has significantly expanded what it can do…
Don’t let the Aussie address fool you thats just were we choose to live, we’re international.
Please get in touch.
7/10 Thomas Street
Phone: +61 7 3040 1160 (Australia)