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...
Wise Platform enters 2023 with 15 new partners in 4 new markets
10 million people and businesses gained access fast, cheap international payments powered by Wise in 2022
The new year is in full swing - resolutions are in tact and we are brimming with excitement about what 2023 holds for Wise. But while we look eagerly ahead to the new year, we wanted to take a moment to reflect on 2022, which was the busiest year yet for partnerships powered by Wise Platform.
Over the last year, Wise Platform launched 15 new partnerships, opening up cheap, fast, transparent and convenient international payments to almost 10 million people and businesses worldwide.
We launched in four new markets, bringing the power of Wise to more people and businesses in Israel with credit card company Max, Turkey through Wise’s partnership with Birlesik Odeme and Fibabanka, the UAE with neobank Wio, and Hong Kong with virtual bank ZA Bank.
Wise Platform also deepened our footprint in Asia and North America, expanding in two areas in particular: investments and business services. In Singapore, we partnered with Tiger Brokers and GoTrade to help make global investing easier for everyone, while in the US, new partners AvidXchange, Ramp, Brex, and Firstbase are providing businesses with key tools to help them operate internationally.
In the UK, Wise launched with Wagestream, a financial wellbeing app for front line workers, and Onfolk, an HR and payroll company, strengthening their impact on how people around the world are paid by their employers.
In addition to new partners, 2022 also saw Wise Platform grow existing partnerships. This included introducing new business services with Monzo and Yapeal, a freelancer service with Multiplier, and a quicker, expanded service with Deel.
And finally, Wise Platform launched International Receive, which makes it easier for banks to efficiently and reliably receive international payments through the Swift network. International Receive gives neobanks an easy route to enabling customers to receive money from abroad, and allows established banks to benefit from Wise Platform’s speed and affordability. The integration can be done in just a matter of weeks.
Our new partnerships in 2022 have brought us to a total of 60 partners - from banks to businesses, investment platforms and more - across 6 continents. And we’re just getting started. Here’s to 2023!
Dan Drees, Chief Growth Officer of AvidXchange, said:
“Partnering with Wise to provide our customers with best-in-class international payment capabilities was an easy decision because of their market-leading platform and seamless integration capabilities. Together, we stand firm as leaders and remain dedicated to making our customers’ payments process more efficient regardless of country lines.”
Dan Westgarth, Chief Operating Officer at Deel, said:
“Wise’s new feature allows even more Deel customers to use their local currency and local payment system, expanding our capabilities and bringing the Wise experience to more businesses around the world. This is massively beneficial for our customers, who choose Deel to make hiring, onboarding, and executing payroll for overseas employees a breeze.”
Steve Naudé, Head of Wise Platform, said:
“Wise Platform’s expansion is a testament to the relevance of our offer to businesses and their customers across multiple industries. We allow our partners to integrate a market-leading cross-border payments infrastructure into their platform quickly and at relatively low cost. This allows them to better serve customers while maintaining a focus on their core business.
“With every partnership we offer more customers and businesses access to fast, cheap, convenient and transparent international payments. We look forward to working with more partners - both new and old - in 2023 as we move ever-closer to our mission of money without borders for everyone.”
*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...
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...
We’re dropping 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...
What you need to know about sending payments from IDR
With Wise, sending payments from Indonesian Rupiah (IDR) is simple. And we’ve rounded up our top tips for you to make sure your transfer arrives as quickly as...
