Transferring money around the globe has historically been slow and expensive, with many financial institutions charging several percent of the principal as a fee. Wise utilises technology to create a more efficient network to move money cross border, and it shares those benefits with its customers, resulting in flywheel effect and market-leading rates.
With a simple money transfer platform and borderless accounts, Wise makes it quick and easy for individuals who travel, live and work internationally to manage their money. Businesses can pay suppliers or employees overseas, request payments from customers and transfer funds between their own accounts in different countries.
The Wise proposition is customer-centric: aiming to provide the cheapest and most convenient solution to moving money cross-border. Wise has a relentless focus on the user experience and continues to open-up new currency pairs, reduce its take-rate and launch complimentary products and services to its growing user base.