Wise Platform strengthens global payment infrastructure with recent enhancements, market expansion

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Azunta Gaviola

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11 months ago

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Singapore – Wise Platform, a global payments infrastructure, has recently rolled out updates to its partner product suite, along with an expansion of its global regulatory footprint. This strategic initiative allowed the company to empower more partners in providing faster, cheaper, more secure, and more convenient international payments directly from their own platforms.

These new partners include Nubank in Brazil, Mox, Standard Chartered’s digital bank in Hong Kong, Moin in South Korea, Allica Bank in the UK, and Qonto in France.

With the firm’s platform for correspondent services, launched last year alongside Swift, partners can now facilitate instant international payments. This collaboration with Swift’s messaging network enables the platform to provide financial institutions with faster, cost-effective, cross-border payments without a multi-year tech overhaul. 

Following said launch, banks and financial institutions across 11 countries have also implemented correspondent services, integrating the solution with minimal configuration. 

Moreover, the company has also expanded partnerships and its offerings, with the goal of empowering more partners to offer multi-currency accounts and issue debit cards. As its first partner in Brazil, Wise Platform partnered with Nubank to deliver multi-currency accounts and debit cards to its premium clients, enabling seamless international transactions. 

In Singapore, Tiger Brokers further extended its collaboration with Wise Platform to introduce a first-ever debit card that lets customers earn fractional shares with no hidden fees or exchange rate markups. This move reflects the increasing trust financial institutions have in Wise’s growing service offerings.

Beyond these updates, Wise’s infrastructure continued to expand, with new licenses granted in Brazil, Japan, and Australia over the past months. 

Albertine Lecointe, vice president of strategy at Qonto, said, “We’re now able to better support our existing customers by offering faster, more transparent transactions as well as fair pricing and timely payments with their international business partners.”

“Additionally, this partnership allows Qonto to welcome new customers, enabling them to utilise our daily business banking services across multiple markets and currencies,” Lecointe further explained.

Steve Naudé, managing director of Wise Platform, also shared, “Customers want more than just simple transfers—they want the full package: multi-currency accounts, debit cards, and a seamless experience for sending, spending, and receiving money internationally. We’re constantly improving our infrastructure to offer speed, convenience, and transparency at a scale unmatched in the industry.”

“Our growth reflects the appetite from partners—especially banks and large financial institutions—who are looking for the ability to offer world-class cross-border payments without compromising on speed or cost,” he concluded.

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