Malaysia’s MBSB Bank partners with Wise to launch “Global Easy Transfer (GET)”, enabling customers to send international remittances up to RM100,000 daily with better rates, transparency, and speed via Wise Platform.
Highlights
First-Mover in Malaysia: MBSB is the first Malaysian bank to integrate the Wise Platform, launching the “Global Easy Transfer (GET)” service.
Improved Customer Experience: Customers can now make international money transfers up to RM100,000 (≈ USD $24,000) daily, with transparent fees, visible exchange rates, and faster transfers.
Wider Financial Inclusion: The service aims to benefit ~22 million Malaysians by offering a more convenient, secure, and competitively priced remittance service through the bank’s retail app.
Summary:
Malaysia Building Society Berhad (MBSB Bank) has become the first bank in Malaysia to integrate with the Wise Platform, launching an international remittance service called Global Easy Transfer (GET). This service lets customers transfer up to RM100,000 (~USD $24,000) per day through the retail banking app “M Journey”, complete with real-time visibility of fees and rates.
The partnership addresses long-standing issues in remittance transfers such as hidden charges, slow transfers, and unclear exchange rates. With support from Wise and fintech partner ECS Fin, the initiative aims to serve approximately 22 million Malaysians seeking a more transparent, affordable, and fast cross-border payment option. This move enhances Malaysia’s digital payments ecosystem and strengthens MBSB’s positioning in both domestic and international remittance markets.
