Wise

Wise (formerly TransferWise) is a leading global cross-border payment service provider designed to provide individuals and businesses with fast, low-cost international money transfers and currency exchange services. Wise uses its innovative “currency matching” technology to transfer money directly between users, reducing transaction costs and time and ensuring transparent exchange rates.

Wise supports currency exchange and transfer services in more than 80 countries and regions, covering major economies and some smaller markets around the world. Users can receive and manage payments from different countries through their Wise account, supporting a variety of payment methods, including bank transfers, credit cards and debit cards. In addition, Wise also provides virtual card functionality, allowing users to bind virtual cards to mobile payment platforms such as Apple Pay and Google Pay for online shopping and subscription services.

Wise’s core strength lies in its transparent rates and competitive exchange rates. Users can see specific fees and exchange rates before transferring money, avoiding hidden fees. Wise’s fees are usually much lower than traditional banks, such as 1.15% for debit cards and 3.7% for credit cards for USD accounts. In addition, Wise also allows users to view real-time exchange rates on the platform and choose the most appropriate currency for payment.

For business users, Wise offers a bulk payment solution that allows businesses to make bulk payments to up to 1,000 payment objects in a single CSV file with no additional fees. Wise Business accounts also support multi-currency transactions, physical and virtual debit cards, and bulk payment capabilities.

Wise is not only suitable for personal and business remittances, but also widely used in cross-border e-commerce and Global Payment settlements. Its fast and secure cross-border transfer service has attracted a large number of users and has become the preferred payment tool for many businesses and individuals.