Payfare and Wise announced plans to bring fast, low-fee and secure international money transfer capabilities to Payfare's digital banking app in 2022. The partnership will bring together the leading instant payout and digital banking solution for contract workers, Payfare, with the low-cost leader for international money transfers in a digital payments experience tailored to the gig economy. Beginning next year, the North American gig and contract workers Payfare supports will be able to send money abroad instantly via Wise's payments infrastructure, directly from Payfare digital banking apps.

Payfare, who works with some of the world's largest on-demand platforms, will be the first to leverage Wise to enable the growing gig economy to send money internationally. With its mission of making international money transfers fast, cheap and convenient, Wise helps people and businesses securely move and spend money in over 56 currencies. With full price transparency, including low cost pricing, and the use of real-time exchange rates, Wise strategically aligns with Payfare's mission to power financial inclusion and empowerment for the global gig economy.