Wise Platform Mission Update Q1 2024

Wise

Wise Platform’ has hit the ground running in 2024, entering the year with a total of over 85 partners globally and a number of exciting announcements.

Over the last three months, Wise Platform has been deepening its footprint in APAC, announcing a new partnership with Hong Kong’s Mox by Standard Chartered, MOIN in South Korea and expanding its partnership with Tiger Brokers in Singapore. This growth was also supported by Wise Platform boosting its leadership team in the region, with Samarth Bansal joining as Wise Platform’s new General Manager for APAC.

Read on to find out more about what we’ve been up to in Q1.

Meet our new partners

Mox

In March, we launched our partnership with Mox to enable low-cost, transparent and lightning-fast global money transfers to Mox’s customers, directly from their Mox app.

The integration allows Mox customers to make international payments using Mox’s Express Remit service to send HKD to 10 currencies: AUD, CNY, EUR, GBP, IDR, INR, JPY, PHP, SGD and USD. More people can now seamlessly enjoy the speedy and affordable international money transactions that Wise is known for — all within an app that they’re already familiar with.

Read more about what this partnership means in The Paypers, Fintech News Singapore, and FFNews.

Moin

Later in March, we announced our partnership with MOIN, a cross-border payment company based in South Korea. With this integration, we're enabling MOIN to offer cheaper, faster and more convenient international money transfer experience for both individual and business customers, directly from their website or app.

Coverage of the news was secured in outlets including Fintech Times (KR), BeSuccess, and Startup KR.

Expanded our partnership with Tiger Brokers

Adding to Wise Platform’s momentum in the region, in February, we expanded our partnership with Tiger Brokers, launching debit cards for their customers in Singapore. The debit card enables users to earn fractional shares for every dollar spent, on top of competitive foreign exchange rates.

Wise Platform partnered with Tiger Brokers in 2022 to allow users to transfer funds from their overseas bank accounts to SGD and USD in real-time and execute trades on the Tiger trade app within minutes.

Read more about the partnership in FinTech News Singapore, Asian Banking and Finance and The Asset.

Events

EY Payments Forum

In February, Abid Mumtaz, Head of Commercial at Wise Platform, was invited to discuss the future of cross-border payments at the EY Payments Forum in London, alongside speakers from HSBC, Swift, Bank of England, Lloyds and the Bank of America. At the event, Abid also explained how our Correspondent Services offering is enabling banks to offer instant and efficient international payments to their customers by simply routing their SWIFT messages through Wise. No major technical overhauls needed.

Fintech Meetup

Next in March, Abid spoke at Fintech Meetup about how the corporate and SMB payments market still holds untapped potential due to unmet financial needs, offering substantial revenue opportunities for banks and fintechs alike. Abid shared his insights on what's happening with the changing payments landscape and shared Wise Platform's growth, innovation and leadership at the event in Las Vegas.

Wise Platform in the Media

Money without borders

Find out more

Tips, news and updates for your location