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UK remittance firm TransferWise to file for Belgian license

TransferWise Ltd. will apply for a payments institution license in Belgium to continue its services in the EU the event of a no-deal Brexit.

The U.K. remittance company said Jan. 10 that it would hire a small team in Brussels.

The company has 200 employees in London and more than 1,400 staff globally, serving over 4 million clients worldwide.

It also has offices in New York, Singapore and Sydney.