UK Fintech Wise Introduces Remittance Payments Services in India, as Company Expands Operations with Mumbai Office
UK-based Fintech firm
Wise (formerly doing business as TransferWise) has introduced remittance services in India, as the company looks to expand its operations globally with a new office in Mumbai.
This move by London-headquartered Wise has come after the company began supporting Google Pay users in the US so they can send INR payments to Google Pay users based in India.
Wise’s management noted that their cross-border payments services cost significantly less when compared to traditional banks and various other providers such as PayPal. Wise reveals that it’s transactions are 38% faster, on average, as all transfers globally are done almost instantly (within 20 seconds).