Standard Chartered has entered into a strategic partnership with Wise Platform to enhance its SC Remit service, delivering faster, lower-cost, and more transparent international payments to retail clients in Asia and the Middle East. This collaboration leverages Wise’s global payments infrastructure and expertise, including its extensive network of licences, six direct connections, and deep knowledge of treasury management, allowing SC Remit customers to send money in 21 currencies, such as USD, CAD, EUR, GBP, SGD, and JPY, with mid-market rates and no markups.
Standard Chartered will integrate Wise’s API over the coming quarters, enabling seamless access to Wise’s infrastructure and reinforcing the bank’s commitment to delivering world-class international banking services. The partnership is expected to expand, adding more currencies and geographic markets in line with Standard Chartered’s growth strategy.
Samir Subberwal, Global Head of Wealth Solutions, Deposits and Mortgages, and Chief Client Officer at Standard Chartered, commented, “We chose to partner with Wise Platform due to their extensive currency coverage and stellar cross-border payments experience. This collaboration is a key step in enhancing our international payment services as we offer a seamless, faster, and efficient global payments experience to our clients.”
Steve Naudé, Managing Director of Wise Platform, added, “Partnering with Standard Chartered, a global banking leader, marks a milestone in building better international payment experiences. Wise and Standard Chartered share a vision for frictionless payments, and we’re thrilled to help SC Remit customers access fast, secure, and low-cost international payments.”
With Wise’s infrastructure, 63% of its cross-border payments are completed in under 20 seconds, supported by 65+ licences and a global engineering and compliance team. The partnership underscores Standard Chartered’s commitment to delivering an unmatched banking experience, ensuring fast, efficient, and transparent transactions for its customers worldwide.
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