When it comes to international payments and money transfers, Wise is the go-to platform for millions of people around the world.

What is Wise?

Wise, formerly known as TransferWise, is a platform that allows people to make international payments and debit card payments in different currencies at a much lower cost than traditional banks. It was founded by Taavet Hinrikus and Kristo Kaarman back in 2011, and since then it has become one of the most popular and trusted financial services in the world.

How Does Wise Work?

Wise works by connecting people around the world and allowing them to make payments in different currencies. This is made possible thanks to its network of local banks and payment partners, allowing it to offer competitive exchange rates and minimal fees.

When you send money with Wise, the platform automatically converts your money into the currency of the recipient. This means that your recipient will receive the money in the currency of their choice, which is often much more convenient than having to convert it yourself.

What are the Benefits of Using Wise?

The main benefit of using Wise is the cost savings. By bypassing traditional banks and money transfer services, you can save a significant amount of money. This is especially true for international payments, as Wise’s exchange rates are often much better than those offered by banks.

Another benefit of using Wise is the speed. Money transfers are usually completed within a few hours, making it much faster than using a traditional bank.

Finally, Wise is also incredibly easy to use. The platform is available on both desktop and mobile devices, and it’s very user-friendly. You can easily send and receive money with just a few clicks, making it perfect for both personal and business use.

Conclusion

Wise is a great platform for sending and receiving money around the world. Thanks to its low fees and competitive exchange rates, it’s an ideal solution for anyone who needs to make international payments. Not only does it save you money, but it’s also incredibly fast and easy to use.