Canary Wharf entrepreneur sets up world’s first free money transfer service – The Wharf

Rajesh Agrawal is on a mission to make sending money “back home” easier and cheaper for people in the UK.

After making his money in foreign exchange, Rajesh has set up Xendpay , a company which offers people the chance to transfer relatively small amounts of money overseas fee-free.

“I send money back to India,” he said. “And I set this company up because of the lousy exchange rates I noticed people getting.