Wise — Provider Details | RemitSelect
WISE
Wise ✓ Verified
★★★★★ 4.8 Excellent 286,000+ reviews on Trustpilot

Multi-currency account with real mid-market exchange rates. Send money to 70+ countries at low transparent fees.

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🏢 Founded 2011
🌍 Countries 70+
⚡ Speed Instant – 2 days
💳 Typical Fees 0.41% – 2%
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About This Provider
Legal Name Wise Payments Limited
Parent Company Wise plc (LSE: WISE)
Founders Kristo Käärmann & Taavet Hinrikus
Year Founded 2011, London, United Kingdom
Headquarters 6th Floor, Tea Building, 56 Shoreditch High Street, London, E1 6JJ, UK
Customer Support wise.com/help · support@wise.com
Regulatory Licences 🇬🇧 FCA — UK Financial Conduct Authority (Reference No. 900507)  ·  🇺🇸 FinCEN — US Money Services Business  ·  🇦🇺 ASIC — Australian Securities & Investments Commission  ·  🇸🇬 MAS — Monetary Authority of Singapore  ·  🇨🇦 FINTRAC — Financial Transactions and Reports Analysis Centre of Canada  ·  🇮🇳 RBI — Reserve Bank of India (Authorised Dealer Category II)
Company Overview

A deep look at Wise's history, mission and position in the global remittance market.

Wise (formerly TransferWise) was founded in 2011 by Estonian entrepreneurs Kristo Käärmann and Taavet Hinrikus, who were frustrated by the hidden fees charged by banks for international transfers. The company pioneered the use of the mid-market exchange rate — the rate you see on Google — ensuring customers pay only a small, fully transparent fee instead of a hidden margin buried in the exchange rate.

Today, Wise serves over 16 million customers worldwide and moves more than £9 billion every month across borders. It went public on the London Stock Exchange in July 2021 in a direct listing that valued the company at over £8 billion, becoming one of Europe's largest ever tech IPOs.

Wise operates its own payment infrastructure in multiple countries, allowing it to settle transfers locally rather than relying on correspondent banking networks — the key reason it can offer both low fees and fast transfer speeds. The Wise Account (formerly Borderless Account) lets customers hold, convert and spend money in 50+ currencies, and comes with local account details in 10+ currencies including GBP, EUR, USD, and AUD.

Corridor Coverage & Supported Countries

Wise supports transfers to 70+ countries across all major sending regions. Below are the most popular corridors and destination countries.

🇬🇧 From United Kingdom
GBP → INRGBP → PKRGBP → BDT GBP → EURGBP → USDGBP → PHP GBP → NGNGBP → KESGBP → GHS
🇺🇸 From United States
USD → INRUSD → PKRUSD → MXN USD → PHPUSD → EURUSD → GBP USD → BDTUSD → VNDUSD → LKR
🇦🇺 From Australia
AUD → INRAUD → PHPAUD → BDT AUD → EURAUD → GBPAUD → NZD
🌍 All Supported Countries
IndiaPakistanBangladesh PhilippinesNigeriaKenya GhanaMexicoVietnam Sri LankaIndonesiaThailand BrazilSouth AfricaColombia PolandRomaniaHungary UAESingaporeMalaysia CanadaAustraliaNew Zealand + 46 more
Service Features

Everything Wise offers to make international money transfers easier, cheaper and more transparent.

📈
Real Mid-Market Rate
Always uses the real exchange rate with no hidden markup. The same rate you see on Google or Reuters.
⚡
Instant to 2-Day Transfers
Most transfers arrive in seconds or minutes. Some routes take 1–2 business days depending on destination bank.
💳
Wise Debit Card
Spend in 170+ countries at the real exchange rate. 2 free ATM withdrawals per month up to £200.
🏦
Multi-Currency Account
Hold 50+ currencies. Get local bank details in GBP, EUR, USD, AUD, CAD, NZD, SGD, HUF, RON & TRY.
📱
Top-Rated Mobile App
4.7★ on App Store, 4.5★ on Google Play. Track transfers in real time with full notification support.
🔒
Regulated & Secure
Licensed by FCA, FinCEN, MAS, ASIC and more. Customer funds are safeguarded separately from company funds.
💼
Business Accounts
Wise Business supports batch payments, API access, accounting integrations (Xero, QuickBooks) and team cards.
💡
Rate Alerts
Set a target rate and Wise notifies you when the exchange rate hits your desired level before you transfer.
Frequently Asked Questions

Common questions about using Wise for international money transfers.

The majority of Wise transfers arrive instantly or within a few hours. Some bank transfers can take 1–2 business days depending on the destination country and the payment method used. You can always see an estimated arrival time before confirming your transfer.
Wise charges a small, transparent fee that typically ranges from 0.41% to 2% of the transfer amount depending on the currency pair and payment method. There is no hidden markup on the exchange rate — they always use the mid-market rate. You can see the exact fee upfront before sending.
Yes. Wise is authorised and regulated by the UK Financial Conduct Authority (FCA), FinCEN in the US, ASIC in Australia, MAS in Singapore, and several other major financial regulators globally. Customer funds are held in safeguarded accounts separate from Wise's own operational funds.
Transfer limits vary by country and currency. For personal accounts in the UK, you can send up to £1,000,000 per transfer in many currencies. Limits may be lower for certain corridors or payment methods. Business accounts have higher limits. Always check your specific route on wise.com.
Wise occasionally runs promotions for new users, such as fee-free first transfers up to a certain amount. Check the Wise website or referral links for any current offers. Their standard fees are already among the lowest in the market even without promotions.
Yes. Both Pakistan (PKR) and India (INR) are well-supported corridors on Wise. Transfers to India typically arrive within minutes to a few hours via IMPS. Transfers to Pakistan usually take 1–2 business days. Wise uses the real mid-market rate for both corridors with transparent fees.