UK money transfer service Atlantic Money has announced the completion of its EU expansion and the launch of a new Android app.

The company’s service is now available across 29 countries, following its December roll-out across France, Italy, and Spain.

Atlantic Money received its official EU payment institution licence from the National Bank of Belgium last year and launched in July 2022.

The business has launched its new Android app after initially only being available on iOS devices.

The move comes after 50 per cent of the company's visitors requested to use the service via Android.

"We have ambitious plans in terms of currency corridors and regional expansion for the year ahead and are excited at the prospect of extending both the benefits and the reach of our product," said Atlantic Money co-founder, Neeraj Baid.

The news comes after Atlantic Money submitted a complaint to regulators after rival Wise delisted it from the company’s price comparison tool.

In January, the company accused the well-established FinTech of breaching a commitment to transparency.

Atlantic Money, which claims it provides cheaper services than Wise, said that it was removed from the tool for “not being legitimate enough”, despite being authorised and regulated by the Financial Conduction Authority.

The money transfer service, which has reported Wise to the Competition and Markets Authority (CMA), said that the move contradicts the transfer service’s mission statement and means customers won’t get to see whether they are getting the best deal on their transfer.

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