The 'Wise card' Allows for Spending and Sending Across Countries
Colin Smith — December 2, 2021 — Business
References: wise
'Wise' is a global technology company focused on international currency solutions. The 'Wise card' allows for seamless integration with a 'Wise Account,' which together provide convenient solutions for spending or transferring currencies across countries. Wise Accounts allow users, whether a consumer or a business, to hold 50+ different international currencies and exchange them with up to four times lower fees than standard banks.
The Wise card was released in Canada on November 30th, adding Canada to the roster of over 36 countries that use the Wise card today. Additionally, while the fees are up to four times lower than banks, the speed of the transfer is much quicker as well. In the third quarter of 2021, 40% of currency transfers made on the Wise platform were completed in under 20 seconds.
Wise is committed to bringing convenience, low costs, transparency, and connectivity to the globe through its international currency transfer solutions. This card offers a great utility to those with connections overseas, whether they are traveling out of the country, spending money online with international retailers, or doing business in other countries.
Image Credit: CNW Group, WISE
The Wise card was released in Canada on November 30th, adding Canada to the roster of over 36 countries that use the Wise card today. Additionally, while the fees are up to four times lower than banks, the speed of the transfer is much quicker as well. In the third quarter of 2021, 40% of currency transfers made on the Wise platform were completed in under 20 seconds.
Wise is committed to bringing convenience, low costs, transparency, and connectivity to the globe through its international currency transfer solutions. This card offers a great utility to those with connections overseas, whether they are traveling out of the country, spending money online with international retailers, or doing business in other countries.
Image Credit: CNW Group, WISE
Trend Themes
1. International Currency Solutions - Innovative solutions for currency exchange and transactions across borders for consumers and businesses.
2. Wise Card - The Wise Card provides faster and cheaper international currency transfers for its users.
3. Low Fee Currency Exchange - Low fee currency exchange provides users with a cost-efficient solution for international transactions.
Industry Implications
1. Financial Technology - Fintech companies can utilize Wise's innovative solutions to expand their international money transfer service capabilities and attract new customers.
2. E-commerce - E-commerce businesses can benefit from the Wise card's low-cost international currency transactions, making it easier and more affordable for consumers to shop globally.
3. Travel and Tourism - Travel and tourism companies can partner with Wise to offer their customers an easier and more affordable way to obtain foreign currency and make purchases abroad.
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