Wise, a global technology company building the best way to move and manage the worldâs money, has entered the Philippine market by launching the Wise Account and Wise Prepaid Card. This is the first-of-a-kind solution in the Philippines that lets customers receive, hold, and spend money internationally â with no foreign transaction fees and exchange rate mark-ups.
With the Wise Account and prepaid card, customers can gain access to a plethora of features:
⢠Receive money for free from abroad: Get account details in 9+ currencies, including AUD, CAD, EUR, GBP, HUF, NZD, SGD, USD, and TRY. These account details allow users to receive overseas payments with zero fees into their Wise Account. For instance, by sharing your USD account details, you can effortlessly receive USD from employers, friends, or companies without incurring any fees.
⢠Hold money in over 40+ currencies instantly, with no holding fees or minimum balance required.
⢠Move funds from your Wise Account easily to a local bank account or e-wallet. Wise supports 8+ local e-wallets, including GCash, Maya, GrabPay, Starpay, Bayad Wallet, TayoCash, ShopeePay, and JuanCash.
⢠Spend internationally in 160+ countries or online, and withdraw cash at overseas and local ATMs at the mid market rate. Wise only charges a low, upfront conversion fee when you spend with the Wise card.
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