Global spending card, connected to the Wise Account, allows customers to hold, send and spend instantly like a local at rates up to 4x cheaper than banks
The Wise card is an extension of the Wise Account, already available in
"We know Canadians want a simple and transparent way to make international payments while remaining in control of fees and exchange rates," says Kristo Käärmann, co-founder and CEO at Wise. "We are excited to bring Canadians a trusted, convenient, and transparent international spend account that will put money back into their pockets. Our innovative card - already loved by millions around the world - will give Canadians an easy way to make international payments without the hefty hidden markups charged by banks."
Wise has been making the moving and managing of money across borders instant, convenient, transparent and closer to free. Compared to slow international transfers that take days or weeks by traditional banks, Wise moved 40 percent of its transfers instantly in Q3 of 2021 – meaning globally, 4 out of 10 transfers with Wise reached the recipient within 20 seconds. Independent research further verifies that Wise is offering Canadians a solution that is up to four times cheaper than traditional banks and alternative providers, and the opportunity to collectively save Canadians from the CAD
"Wise has been at the forefront of global financial innovation for years. We are thrilled to work with them to deliver their unique offerings to Canadians," said
The Wise card is available beginning today and is expected to begin shipping to customers in
Additional Wise card details:
- Pay like a local around the world: Use your Wise card in 200 countries, spend online, with Apple and Google Pay, or in-person in 150+ currencies. Pay directly from your Wise account and spend abroad with no foreign transaction fees using the real exchange rate (the same rate you see on Google).
- The world's most international account: Get local bank details for 10 currencies instantly – including the US,
UK ,Eurozone andAustralia . Use them to hold, send and receive money like a local in 50+ different currencies. - Smart money-saving technology: The Wise card utilises smart tech that automatically chooses the currency that offers the best conversion rate with the lowest possible fee.
- Backed by
Visa's powerful network: The Wise card currently leveragesVisa's brand, scale and global acceptance footprint so you can pay in over 200 countries. The Wise card, which is processed as a prepaid card inCanada , works similarly to the same cards already in your wallet. Use your card whereverVisa is accepted. - A brand trusted by over 11 million customers worldwide: Receive instant access to account information and notifications on payments made. Since the introduction of the Wise card in 2018, over 1.6 million cards have been issued across the world.
About Wise
Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold more than 50 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.
Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name
11 million people and businesses use Wise, which processes over £6 billion in cross-border transactions every month, saving customers over £1 billion a year.
SOURCE WISE
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