SINGAPORE: In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered has announced a partnership with Wise Platform, Wise’s global payments infrastructure for banks, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.
According to BERNAMA News Agency, the partnership will allow Standard Chartered’s SC Remit customers in Asia and in the Middle East to send money in 21 currencies, including USD, CAD, EUR, GBP, SGD, HKD, and JPY, in a matter of seconds. The service promises full transparency on pricing, ensuring customers receive the mid-market rate with no markups.