Wise Platform has partnered with IndusInd Bank, marking it’s first partnership with an Indian bank.
Wise said that the partnership will enable Indian customers living in the US and Singapore to send remittances to family and friends directly through the bank’s platform.
Wise Platform, which provides foreign exchange services for banks and large businesses, says the process will be “seamless” and “lightening fast”. with no hidden fees or rate markups applied to the money transfers.
“Having launched transfers from India in 2021, today we are thrilled to double down on our commitment here and bring Wise Platform to India with IndusInd Bank onboard as our first partner,” said Rashmi Satpute, country manager, Wise India. “IndusInd Bank and Wise share a common vision of modernising the global financial system, and we’re delighted to team up to enable inexpensive, fast and transparent transfers to India for millions of NRIs abroad.”
Earlier this month, shares in Wise slipped by around three per cent after chief financial officer Matthew Briers announced his departure from the company in 2024 to recuperate from a biking accident.
The move left the FinTech without two key execs in the year ahead following news that chief executive Kristo Käärmann will go on paternity leave from September.
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