Wise announced an integration to bring Wise Platform to Google Pay users. Google Pay users in the U.S. on iOS and Android devices are now able to send money to their friends and family abroad within the Google Pay app, with access to Wise’s services. The initial launch will enable Google Pay users in the U.S. to send money to Google Pay users in India and Singapore, with global send money capabilities to people in Wise’s 80+ country network later this year. Josh Woodward, director of product management at Google Pay, comments:
“Cross-border payments are not just a lifeline for loved ones, they form the financial backbone for many economies. For many people with families abroad, sending money home is something they do as frequently as every month. By teaming up with Wise, we are providing a way for Google Pay users to send money quickly, safely and reliably from the Google Pay app.“
Wise Platform allows banks, businesses and software companies to tap into the Wise network, giving them and their customers access to international payments, all through an integrated customer experience. Wise’s APIs replace the existing patchwork systems banks and other payment providers use to move money internationally. In doing so, Wise enables consumers and businesses around the world to move money internationally faster and cheaper than ever before.
Now, Google Pay customers in the U.S. can send money to India and Singapore, where there have been problems due to the second wave of the COVID-19 pandemic, with Wise without having to leave the Google Pay platform. And Wise uses the real exchange rate with no hidden fees or markups. On average, Wise is saving its customers over $1 billion a year. Harsh Sinha, Chief Technology Officer at Wise says:
“Providing people with a simple and seamless way to safely send money to friends and family is more important than ever – be it for everyday use or in times of need. Wise’s mission is money without borders – instant, convenient, transparent, and eventually, free. Through this collaboration, and with the integration of the Wise Platform, Google Pay customers can now send money internationally cheaper, faster, and easier.”
For new customers, Wise will make the first transfer free on transfers up to USD$500 until June 16. By the end of the year, U.S. Google Pay users will be able to send money to 80 countries through Wise.