Wise – International Money Transfers and Multi-Currency Accounts
Wise is a global financial technology company focused on making international money movement simpler. Its services are designed for people and businesses that need to send, receive, hold or convert money across different currencies.
What is Wise?
Wise was originally known as TransferWise and was launched in 2011. The company has developed from an international money transfer service into a broader platform for managing money across borders.
With a Wise account, customers can hold and convert multiple currencies and use Wise for international money transfers. Availability can vary depending on the customer’s country and product.
Wise for international money transfers
International money transfers are one of the main reasons people use Wise. The service is designed for sending money between countries while showing the exchange rate and applicable fees before a transfer is completed.
This can make Wise useful for people who regularly move money between countries, including people living abroad, international workers, travellers, students, families and people receiving income from another country.
Wise multi-currency account
The Wise account allows customers to hold money in multiple currencies and convert between currencies when needed. Wise also provides local account details for selected currencies and regions for eligible customers.
The exact currencies, account details and features available depend on the customer’s location and the Wise products available in that market.
Wise for people living internationally
For people who live, work, study or travel internationally, managing several currencies can be an important part of everyday finances.
Wise can therefore be relevant to expats, digital nomads, international workers, frequent travellers and people with financial connections in more than one country.
Wise Business for companies and freelancers
Wise also offers Wise Business for companies, freelancers and other organisations that need to make or receive international payments.
Wise Business includes tools for paying suppliers and employees, receiving money, managing multiple currencies and handling international business payments.
Business features and pricing vary by country, company type and service, so businesses should check current Wise Business information for their location.
Wise in Thailand
Wise has expanded its services in Thailand. In March 2026, Wise announced that it had received the full set of licences from the Bank of Thailand and Thailand’s Ministry of Commerce needed to operate locally.
Wise stated that this enables its local offering to provide multi-currency wallet functionality for Thai citizens, businesses and foreign residents, subject to products and features available in the local market.
Who may benefit from Wise?
Wise may be worth considering if you regularly send or receive money internationally, work in another country, travel frequently, live abroad, receive foreign income or operate a business with international customers or suppliers.
- People sending money internationally
- People living or working abroad
- Expats and international residents
- Frequent travellers
- People receiving money from overseas
- Freelancers working with international customers
- Small businesses making international payments
- Companies receiving or sending money in different currencies
Check Wise before signing up
Wise products, fees, supported currencies, account details and availability can vary by country and can change over time. Always check the provider’s current information, pricing and eligibility directly with Wise before opening an account or making an important financial decision.