Standard Chartered & Wise to boost global payments experience

By Gloria Mathias

Standard Chartered Bank 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.

The partnership will allow Standard Chartered’s SC Remit customers in Asia and the Middle East to send money in 21 currencies, including USD, CAD, EUR, GBP, SGD, HKD, and JPY, in a matter of seconds. It will also be fully transparent on pricing, with customers getting the mid-market rate with no markups.

Standard Chartered will integrate Wise’s infrastructure through the Wise Platform API to provide this experience to SC Remit customers over the coming quarters. The number of currencies supported and the number of markets where Standard Chartered operates will also expand further. This underscores Standard Chartered’s commitment to delivering an international banking experience to meet the needs of customers who value fast, low-cost, and convenient payments.

Standard Chartered joins the strong band of partners choosing Wise Platform to make cross-border payments more efficient and bring convenient, fast, secure and transparent transactions to their customers, improving the end-to-end experience and driving customer loyalty.

Samir Subberwal, Global Head of Wealth Solutions, Deposits and Mortgages, and Chief Client Officer at Standard Chartered, said, “We’re continually improving how we deliver exceptional banking experiences for our clients. We chose to partner with Wise Platform due to the extensive currency coverage and stellar cross-border payment experience they are known for. This collaboration is a key step in enhancing our international payment services as we offer an even more seamless, faster, and efficient digital global payments experience to our clients.”

Steve Naudé, Managing Director of Wise Platform, shared, “The partnership with Standard Chartered, one of the biggest global banks, marks a significant milestone in financial institutions investing in building better international payment experiences for customers. Wise and Standard Chartered share the same vision for creating frictionless payment experiences for customers, and we are thrilled to be working together to help SC Remit customers access fast, secure, and low-cost international payments.”