Standard Chartered has announced new partnerships with: wise platform This is to improve the speed and reduce costs of the international payment service SC Remit.
The partnership will initially benefit customers in Asia and the Middle East, who will be able to send money in 21 currencies, including USD, EUR and Pound Sterling, with transparent pricing at mid-market exchange rates.
With Wise Platform API integration, standard chartered plans to roll out this enhanced payment service over the coming quarters and expand both currency options and market coverage in the future.
The Wise Platform’s infrastructure includes over 65 licenses and 6 direct connections to national payment systems, including the latest. InstaPay in the Philippines.
According to reports, 63% of cross-border payments can be completed within 20 seconds, allowing Standard Chartered to deliver a seamless experience.
The platform’s support structure includes global engineering expertise, compliance assistance, and 24/7 support for smooth integration.
Sameer Subbarwal, Global Head of Wealth Solutions, Savings and Mortgages and Chief Customer Officer at Standard Chartered, said:
“We are continually improving the way we deliver a great banking experience to our customers. We chose to partner with Wise Platform because of its wide range of currency coverage. Because they are known for having a great cross-border payments experience.
This partnership is an important step in strengthening our international payment services to provide our customers with an even more seamless, fast and efficient digital global payments experience. ”
Steve Naudé, Wise Platform Managing Director:
“Wise and Standard Chartered share the same vision of providing a frictionless payment experience for their customers and are excited to work together to help SC Remit customers access fast, secure and low-cost international payments. .
The Wise Platform gives Standard Chartered access to Wise’s global payments infrastructure, including an extensive license network, six direct connections, payment operations expertise and proven capabilities in treasury management. ”
Featured image credit: Edited from freepic
