The SME-focused bank is helping its customers expand internationally with access to global payments directly from their business current account
In brief:
- Wise’s payment infrastructure for banks and major enterprises, embeds the ability to send, receive and manage money internationally.
- Through the partnership, the challenger bank for SMEs will allow its customers to make global payments directly to 160 countries.
- The integration will help Allica’s business customers grow internationally, using their current accounts to make international payments without exchange rate markups.
What does this mean?
“Our partnership with Allica Bank is a significant step forward in bringing streamlined cross-border payments to more businesses across the UK,” Wise Platform managing director Steve Naudé said. "Nowadays, pace and reliability are essential for both individuals and businesses and our partnership will ensure customers have access to quick, low-cost, and secure international transactions.”
