Fintech company Wise is the first global financial technology firm to fully integrate with the Philippines' payment infrastructure, now processing a significant share of personal remittances entering the country.
Wise, a global fintech company specializing in international money transfers, has achieved full integration with the payment systems of the Philippines, becoming the first global fintech to do so. This development enables Wise to process approximately 12% of all inward personal remittances to the country. The integration streamlines the transfer process, making it faster and more accessible for overseas Filipino workers to send money back home. The Philippines, being one of the largest recipients of remittances globally, benefits from improved efficiency and reduced costs associated with such financial flows. Wise’s innovative approach aligns with ongoing efforts by the Philippine government to enhance financial technology infrastructure, supporting the country’s large diaspora community and contributing to economic development.
Sources referenced:
- https://news.google.com/rss/articles/CBMiigJBVV95cUxOaF80dGdLcW5BS25mMENvcWpRcmFZdmRCcV9jbC1fdXBnU1BjaXM0eGxPaWFXVm5Fa2tZclJWMmZnYU0zX3JaMWFSN1QyWUwzZC03b083SS1fZjBWUGt3eEppckZZZ3llY3ZBZGM3SHpGaDMzVW5feVpTMi0wclRXblM0MzZrSVN6eEVYNFZ4eTdtR1ljaGdXN2x4cXUzYWp5VlZCWFZ4c2FlNmV5ODhwZGtENVVSNmZQRjZ5UWE0UjdpSDJJa3B6cnM2SWpSZExDYjhHem9KTmhQcFdWMlRsb3ZrSDQxZUh4S3lwUkVOV1YxRkxxaG5QNkVBRUQzWVgyV0RuX0xOYkI5QQ?oc=5
