Wise, formerly known as TransferWise, is a global financial technology company that offers online money transfer services. They provide a platform that enables individuals and businesses to send and receive money internationally at a lower cost compared to traditional banks. Wise uses a peer-to-peer system, matching currency conversions directly between users, cutting out the middlemen and resulting in cheaper transactions. They also offer a multi-currency account that allows users to hold and manage money in different currencies, making it convenient for international transactions. Wise has gained popularity for its transparency, low fees, and competitive currency exchange rates, making it a popular choice for individuals and businesses with international financial needs. Below is the list of lookalike companies of Wise:
Wise is regulated by FinCEN in the US, and the appropriate financial regulatory bodies in all the countries it operates in. Wise transfers are made using leading edge technology, and with a dedicated anti-fraud team on hand to ensure money is kept safe.
What does the company Wise do?
Wise (formerly TransferWise) is a UK-based foreign exchange financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011. Wise specializes in cross-border payment transfer.
Is Wise backed by a bank?
Security/safety. Wise isn't a bank, however, Wise is a trusted Money Services transmitter that is regulated by Federal and State regulators.Jan 23, 2023
Is Wise a usa bank account?
Wise isn't a bank, but it does offer a secure, convenient, quick and cost-effective way to transfer money.
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