Y’s Asia Pacific (APAC) business grew 33.7% year-on-year in FY24, making it the company’s second-largest revenue contributor.
of wise The platform currently serves 12.8 million users worldwide and processes transactions worth GBP118.5 billion (S$203 billion).
In FY24, it saved clients £1.8 billion (about S$2.7 billion) in fees.
Singapore is the hub of Wise’s APAC operations with over 500 employees.
Recent changes include Increased limits for personal accounts For Singapore users, the annual transfer limit is S$20,000 and the annual remittance limit is S$100,000.
Wise also Integrated It works directly with the PayNow network, allowing customers to create payees using their phone number or NRIC and scan the PayNow QR code to make payments.
In the wider area, Wise Introduced The company has launched multi-currency account and card services in the Philippines with the aim of providing more accessible financial services.
The company also reduced its average trading fees to 0.65%.
The Wise Platform, which is used by banks and large corporations for international payments, currently has over 85 global partners, including Singapore’s Tiger Brokers and Agoda.
Additionally, Wise users now have access to 24/7 customer support in English.
Featured Image Credit: Free Pick
