WISE PLATFORM PARTNERS STANDARD CHARTERED TO REDEFINE INTERNATIONAL PAYMENTS EXPERIENCE

KUALA LUMPUR, Nov 5 (Bernama) -- Wise announced its global payments infrastructure for banks, Wise Platform, has partnered with Standard Chartered to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.

The partnership will allow Standard Chartered’s SC Remit customers in Asia and in the Middle East to send money in 21 currencies, in a matter of seconds all while being fully transparent on pricing, customers getting the mid-market rate with no markups.

Wise Platform Managing Director, Steve Naudé said the partnership with Standard Chartered marked a significant milestone in financial institutions investing in building better international payment experiences for customers.

“With Wise Platform, Standard Chartered gains access to Wise’s global payments infrastructure, including our extensive licence network, six direct connections, payment operations expertise and proven capabilities in treasury management. All these enable us to deliver fast, secure and transparent payments around the world,” he said in a statement.

Meanwhile, Standard Chartered Chief Client Officer and Global Head, Wealth Solutions, Deposits and Mortgages, Samir Subberwal said: “We chose to partner with Wise Platform due to their extensive currency coverage and stellar cross-border payments experience they are known for.

“This collaboration is a key step in enhancing our international payment services as we offer an even more seamless, faster, and efficient digital global payments experience to our clients.”

Standard Chartered will integrate Wise’s infrastructure through the Wise Platform application programming interface (API) to provide this experience to SC Remit customers over the coming quarters, with a further expansion on the horizon both in the number of currencies supported as well as more markets where the global bank operates.

The bank joins the strong roster of partners choosing Wise Platform to make cross-border payments more efficient and bring convenient, fast, secure and transparent transactions to their customers, improving the end-to-end experience and driving customer loyalty.

With over 65 licences and six direct connections to payment systems, 63 per cent of Wise’s cross-border payments are completed instantly, under 20 seconds.

-- BERNAMA