Wise, a global online money transfer service, has partnered with Nubank, a Brazilian digital bank that serves over 100 million users, to streamline international payments for Nubank’s premium segment, Ultravioleta.

This collaboration allows Nubank to utilise Wise’s infrastructure to offer multi-currency accounts and debit cards through its app, enabling customers to manage and spend money internationally with ease.

Nubank Ultravioleta clients can now make fast, low-cost international payments directly from the Nubank platform.

They can also hold funds in USD and EUR, using an international debit card in over 200 countries and territories.

Wise Platform allows banks, financial institutions, and enterprises to integrate its infrastructure into their existing platforms, providing them with the technology and network to enable fast, secure, and cost-effective international payments for their customers.

“Across the sector, we are seeing a real push from banks and financial institutions to provide their customers with best-in-class international payments services. By working with Wise Platform, banks are able to achieve this in a matter of months or even weeks.

 

Partnering with Nubank, one of South America’s largest financial services providers, is another major milestone for Wise Platform. Through this partnership, we’re helping Nubank customers access fast, transparent payments and the ability to easily manage money across currencies”,

said Steve Naudé, Global Managing Director for Wise Platform.

Featured image credit: Edited from Freepik