Wise Expands in Brazil with New Payment Institution License
We have some excellent news to share: we’ve received our second licence from the Central Bank of Brazil, this time as a payment institution. Until now, we...
Monzo's international transfers just got smoother. Powered by Wise.
If you’ve been with us since 2018, you might be an OG customer who remembers when we first partnered with Monzo, to power international payments for their customers.
Monzo’s mission is to make money work for everyone, so it was only natural that we team up with them to help folks pay their mortgage in a different country, do business abroad, travel, or just live a more borderless life.
Three years later, we’ve seen how much customers like the convenience of managing their international transactions from one platform. We’ve also heard your feedback on what doesn’t work. So we went back into the lab with Monzo to create an even better experience for our customers.
International transfers in Monzo just got smoother. And they're powered by Wise.
New design, new clarity
First things first. We have a sparkling new design for you to enjoy.
You’ll see a new button on the Monzo app that lets you start an international payment. Once you tap, you’ll be able to see the real exchange rate, fees and estimated delivery time for any transfer you’d like to set up.
Remember, since the transfer will be powered by Wise, you’ll always get the real mid-market rate, and a transparent, low fee. 50% of our transfers are instant, so sending money with Monzo and Wise together is basically a no-brainer.
Especially when you consider...
The features you’ve all been waiting for
You can now set a fixed target amount for your transfer. Enter the exact amount you want your recipient to get, whether it’s for an invoice, mortgage, or anything else. We know this was on a lot of folks’ wish list, so hurrah!
You can now save your recipients. After you enter a recipient’s details once, you won’t have to do it again for future transfers. You’ll just click on their name, and go from there. Easy-peasy!
You can now see if your transfer went through, and download a receipt. Now you can see when your money gets to your recipient, and download a record of the transaction.
If you want to read through what else is new, check out Monzo’s blog as well, here.
Some things never change
We’re proud to have worked with Monzo on these changes, but we’re even prouder that some things will always be true.
Monzo and Wise will always be on a mission to make money without borders work for everyone, and everything we do together will be in the service of that goal. It’s nice that it all can take place in one great-looking app.
Join us and see for yourself!
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Money without borders
Find out more
We've lowered some of our fees
This blog post is to update our customers about changes in price and is not a marketing communication. We regularly review our fees to reflect the real cost...
We’ve lowered our fees
Our mission is to lower the cost of moving money across borders. We’ve made progress over the last 13 years, bringing our average fee to 0.64% globally. As we...
UK Price Comparison Research 2024
An independent research team compared Wise to six UK bank accounts, as well as Monzo, Starling, Revolut, PayPal, Xoom, Western Union and Post Office. They...
India Price Comparison Research
A dedicated comparison research team in Wise compared Wise to four India bank accounts. They found that we’re on average 1x cheaper to send ₹9,000 abroad....
Summary of fee changes: Major routes got cheaper but some fees are up
We have been changing our fees on Wise over the last months. Some of you benefited as a lot of routes got cheaper, but you would have seen an increase in some...
