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Swan taps Wise to streamline international payments

By Gloria Methri

April 08, 2024

  • Cross Border Payments
  • Embedded Finanace
  • Europe
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Wise, Swan, International Payments, Cross Border Payments, FinTech, EuropeSwan, the embedded finance specialist, has partnered with Wise Platform to enable its clients to send and receive money from over 190 countries quickly, transparently and at a lower cost.

Swan’s 100+ clients can now offer international payments, which enable their customers to transfer funds in 20+ currencies at the mid-market rate within seconds. Today, over 60% of all transfers sent globally via Wise settle instantly.

Through this partnership, Wise Platform is fully integrated into Swan’s technology stack, allowing its clients to enable international payments seamlessly and reducing implementation timelines and costs.

Swan enables companies across Europe to easily embed banking features such as accounts, cards, and payments into their products.

Steve Naudé, Managing Director of Wise Platform, said, “Wise Platform and Swan share a philosophy of building products and solutions that make life easier for customers so that they can focus on their core business. That’s why we’re so excited to launch this partnership, which gives their European clients an intuitive, affordable, and more efficient way to send and receive money when doing business internationally. We look forward to growing our relationship with Swan in the future”.

Nicolas Benady, CEO at Swan, said, “People expect in-app payments to be available in whatever currency they need. Through Swan’s partnership with Wise, any European company can easily embed international payments into their product. Because Swan prioritizes local routes, companies can offer transfers with the lowest costs and fastest delivery. They can offer complete transparency, too, by displaying fees in advance of each transfer. This significant upgrade opens up strategic growth opportunities, especially for financial management and niche banking software.”

Today, Wise Platform is used by most European neobanks, including N26, Bunq, and Activo, to implement cross-border payment services quickly and seamlessly.

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