We’re excited to announce that Wise Platform, Wise’s infrastructure solution for banks, fintechs and enterprises has teamed up with T2P Co., Ltd., a leading payment solution as our first partner in Thailand! Together, we will bring faster, cheaper, and more transparent international money transfers to their customers.
This integration also makes T2P the first fintech in Thailand to provide international money transfers to their customers with no exchange rate mark-ups or hidden fees within their DeepPocket app. Thanks to our powerful API, Wise is seamlessly integrated into the DeepPocket app, so customers can send funds directly from the app, at significantly lower-cost than offered by other traditional service providers in Thailand.
Mr. Taweechai Pureetip, CEO of T2P Co., Ltd., said “At T2P, we aim to empower our users with seamless, convenient and fast payments. We’re delighted to partner with Wise Platform to bring that to life, enabling DeepPocket users to access cheaper and faster international payments seamlessly within the app. Through this partnership with Wise Platform, users will also be able to enjoy international transfers at the mid-market rate, without any exchange rate mark-ups or hidden fees, in addition to our user-friendly application interface.”
“Our focus at T2P has always been on building a one-stop financial platform for our customers, and this collaboration with Wise Platform is a step in the right direction. We are excited for our customers to try out this new service, which will streamline their international transfers, saving both time and money. This includes anyone who has a cross-border financial need, including parents who are sending money to their children studying abroad, as well as expats transferring funds back home,” Mr. Taweechai Pureetip added.
At launch, customers can transfer funds from Thai Baht (THB) to 16 currencies, including USD, GBP, EUR, AUD, SGD, MYR, IDR, and more in just a matter of seconds. Over 60% of transfers sent through Wise globally are instant (completed in less than 20 seconds).
Samarth Bansal, General Manager, APAC at Wise Platform commented, “We’re thrilled to enable millions of more Thais access to faster, cheaper international transfers from THB. With the digital remittances market in Thailand projected to grow by 5.71% (according to Statista), there is a growing need for people to send money internationally in multiple currencies quickly and affordably. We are delighted to now be a part of T2P’s solution to drive faster, cheaper and more transparent international transfers to their own customers, and look forward to embarking on this journey together to revolutionise cross-border payments.”
To learn more about how Wise Platform is opening up a world of payments for banks and global enterprises, visit our website.
*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.
According to a recent industry report, customers who receive instant money transfers have a 6% higher retention rate compared to those waiting over 48 hours...
We are very excited to introduce our newest partnership in Brazil with Travelex Confidence, which becomes the first foreign exchange broker in the world to...
Facing surging customer demand for real-time payments and mounting regulatory pressures, banks must adapt their payment systems - a daunting task of...
Just like that, Sibos 2024 has come to a close! We were delighted to connect with our partners and industry peers, diving into discussions about the future...
Triin Teppo, Wise's Head of Global Products Operations, examines the importance of straight-through processing for improving the customer experience.
In June 2024, the Wise Platform team was excited to return to Money 2020 in Amsterdam to connect with industry experts and our partners from around the world...
