Our latest updates from Q4
Mission Update
In Q4 2024, Wise customers moved 7bn GBP more than in Q4 2023 and paid us less for it. Since we lowered our fees, they saved 40m GBP, or an average of 4 GBP back in the pocket of every customer. See what else is new since October and the biggest highlights from 2024.
Dropping fees even more
At the start of 2024, our average fee was 0.67%. We've ended 2024 at 0.59%¹ — our lowest in 3 years.
In November we made it cheaper to withdraw Australian dollars, send Vietnamese dong and pay for Chinese yuan transfers using your Wise balance or bank transfer. Some fees, like larger Alipay transfers, card payments in Singapore and Hong Kong, and services in Hungary increased due to rising costs and Hungarian tax laws.
In November we made it cheaper to withdraw Australian dollars, send Vietnamese dong and pay for Chinese yuan transfers using your Wise balance or bank transfer. Some fees, like larger Alipay transfers, card payments in Singapore and Hong Kong, and services in Hungary increased due to rising costs and Hungarian tax laws.
Your money moving at full speed
We’ve gotten your money where it needs to go, when it needs to be there, with 65%² of transfers arriving in under 20 seconds. That’s up from 63% in Q3. Our new direct connection to InstaPay in the Philippines allows you to send amounts under 50,000 Philippine pesos from 28 currencies instantly.
Payment transparency around the globe
Sending money around the world should be fair and transparent, and payment systems shouldn't just be for banks. Our G20 report highlights where change is happening, and where countries aren't keeping up.
See where your country stands.
Digital cards just got a new look
Juggling multiple digital cards can get confusing. So we’ve introduced new colours to make it easier to tell them apart. Use one for your daily spending, one for subscriptions and one for travel — or anything else.
Save time with smarter transfers
When you send to the same recipient, we’ll suggest up to 3 previous references to save you time. If you try to send the same amount to the same recipient within 24 hours, we’ll flag it to help you avoid accidental duplicates.
Stay safe with new checks
If you're on the phone with a Wise agent while sending money, you can now double-check it’s really us. This option will only appear if we spot something unusual and need to warn you during your transfer.
Receive 5 more currencies to your euro balance
You can now receive British pounds, Japanese yen, US, Australian, and Canadian dollars internationally with SWIFT. No need to convert it, simply share your EUR account details to start receiving.
A smoother start with Wise
New to Wise? Getting started is easier than ever. Open the app and we’ll guide you through what you can do — whether it’s spending, receiving money, setting up your account or more. For first-time senders, tap “Get help” to see a list of steps and access dedicated support for transfers over 80,000 GBP.
Olá businesses in Brazil
Wise Business is now in Brazil. Whether you’re a freelancer in Rio or a consultant in São Paulo, you can get paid in 18+ currencies, hold and manage money, and spend with Brazil’s first multi-currency debit card, no hidden fees and a 1.1% IOF. Top up anytime with Pix, 24/7.
Simpler settings for your business account
Your personal and business account settings are now clearly split, and key features are easier to access, making account management more straightforward.
13 million customers
sending money to loved ones, spending abroad, or getting paid across 160 countries
Over £1.5 billion saved
by customers since we offer the lowest fees possible³. See how much you can save
Dropped fees 6 times
in 15+ currencies, including USD, EUR, and GBP
20 seconds
it took 65% of transfers to arrive²
EUR topped the charts
as the go-to currency for spending
Customers spent the most at Booking.com
and our low fees left room for better views
The US was the #1 destination to go abroad
and the Wise card kept dollars at your fingertips
Brazilians racked up the most miles
spending like a local, wherever they went
Customers in the UK sent the most
love and money across borders
Bringing Wise to more people, in more places
Freelancer in Manila or a contractor in Caloocan City? Get paid in multiple currencies, transfer funds to local banks or e-wallets, and use the Wise card to spend around the world at the real exchange rate with no hidden fees.
Customers in Japan can move up to 150 million Japanese yen per transfer — 149 million more than before.
If you’re in India, sending money abroad is easier than ever. Whether it’s for tuition or medical expenses, you can send up to 4,200,000 Indian rupee per transfer, with most transfers arriving in under 24 hours — even on weekends.
Customers in Japan can move up to 150 million Japanese yen per transfer — 149 million more than before.
If you’re in India, sending money abroad is easier than ever. Whether it’s for tuition or medical expenses, you can send up to 4,200,000 Indian rupee per transfer, with most transfers arriving in under 24 hours — even on weekends.
Prioritising your peace of mind
Smarter scam warnings flag anything unusual, like details about your recipient or transfer amount, and give you tailored advice to stay protected. Sensitive features, like checking your PIN, are backed by Face ID.
For extra security, Apple, Google, or Facebook requires a password, because your money should always stay yours.
For extra security, Apple, Google, or Facebook requires a password, because your money should always stay yours.
Convenience you can count on
24/7 English customer support, so you can chat or call us anytime you need help.
Sending money from Jars is easier — no need to move it to your balance first.
Sending got smarter, you can set the amount your recipient receives in the final currency while we handle the rest.
Sending money from Jars is easier — no need to move it to your balance first.
Sending got smarter, you can set the amount your recipient receives in the final currency while we handle the rest.
Staying transparent
We consistently lowered our fees in 2024, saving our customers over £1.5 billion³. Now you can see estimates on how much you’ve saved with Wise compared to other providers in your account summary.
Setting up transfers is clearer than ever. Before, you had to enter all your details to see fees and delivery times. Now, pick your recipient first, and we’ll show accurate fees and delivery times upfront.
Setting up transfers is clearer than ever. Before, you had to enter all your details to see fees and delivery times. Now, pick your recipient first, and we’ll show accurate fees and delivery times upfront.
Receive 19 more currencies with Swift
You can now receive in 23 currencies directly to your GBP Swift account details, up from just 4. This includes AED, AUD, CNY, ZAR, SGD and more.
Getting paid got easier
Wise Business
Partnering up for easier global payments
Wise Platform
In 2024, we teamed up with Mox Bank, Tiger Brokers, MOIN, Nubank, Swan, T2P, Qonto, and AbbeyCross to bring easier payment solutions to their customers. By integrating Wise into their platforms, we’re helping them offer transparent, low fees, faster transfers, and the ability to send and receive in more currencies.
Since October, we’ve added four more partnerships. With Travelex Confidence, customers can now hold and spend in currencies like USD, EUR, and JPY using a digital debit card, all within their app.
In France, we partnered with Shine to help small and midsized businesses and freelancers make fast, low-cost payments in 10 currencies around the world.
Teaming up with Standard Chartered, we helped enhance SC Remit, enabling faster, cheaper transfers in 21 currencies across Asia and the Middle East, with more markets and currencies to come.
To complete the year, we partnered with Morgan Stanley to power fast, low-cost cross-border settlements for their corporate clients, making them the first investment bank to use Wise’s global payments infrastructure.
Learn more about our latest partnerships
Since October, we’ve added four more partnerships. With Travelex Confidence, customers can now hold and spend in currencies like USD, EUR, and JPY using a digital debit card, all within their app.
In France, we partnered with Shine to help small and midsized businesses and freelancers make fast, low-cost payments in 10 currencies around the world.
Teaming up with Standard Chartered, we helped enhance SC Remit, enabling faster, cheaper transfers in 21 currencies across Asia and the Middle East, with more markets and currencies to come.
To complete the year, we partnered with Morgan Stanley to power fast, low-cost cross-border settlements for their corporate clients, making them the first investment bank to use Wise’s global payments infrastructure.
Learn more about our latest partnerships
¹ The price provided is a global average based on a fixed basket of representative currencies as of Q4 2024 and may not reflect specific prices for consumers in their regions. Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing information.
² Transaction speed claimed depends on individual circumstances and may not be available for all transactions.
³ Savings estimates are based on the average savings Wise offers compared to all the collected providers we have on the transactions transfer route from 01/01/2024 to 31/12/24.