Wise and Swift have announced a partnership to enhance cross-border payment options.
Banks using Swift can now process payments through Wise Platform's Correspondent Services for faster and more convenient transactions.
The collaboration aims to meet G20 and UN goals by improving the speed, cost, transparency, and access of cross-border payments.
Wise's global payments network allows over 57% of transactions to settle instantly, with over 90% within an hour.
The partnership was announced at the annual Sibos conference in Toronto.

Wise is a financial startup serving 16 million customers with an account designed for international money transfers, currency management, and seamless global payments. It allows private and business users to send money, pay bills, and manage multicurrency cash flow efficiently with low fees. Wise offers rapid transfers in over 40 currencies, boasting high transfer speeds—often under 20 seconds. Their service includes an interest feature on USD balances, providing the same instant access with FDIC insurance. Wise ensures secure transactions with encryption and customer support, operating under FinCEN registration and federal regulations for broad, secure financial operations.

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Wise Partners with Swift for Global Payment Expansion

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