Wise, through its infrastructure offering Wise Platform, has launched new features to assist fintechs in issuing multi-currency accounts and digital debit cards. The initial rollout will take place in Australia, and ProSpend and Parpera have already joined as clients.
Facts
- Wise Platform introduces new features to aid fintechs in issuing accounts and cards.
- Australia is the first market where Wise Platform will roll out the new features.
- ProSpend, a business spend management platform, has partnered with Wise to offer its corporate clients instant virtual debit cards and central multi-currency accounts.
- ProSpend aims to provide an alternative to cash reimbursements, corporate card programs, and faster in-app payments to pay supplier invoices.
- Parpera, a business money management solution for sole traders, plans to relaunch in Australia with Wise’s assistance. It will offer domestic sole traders and small business owners a business account, debit card, and in-app payments.
- Parpera plans to expand its offering to include multi-currency wallets and cross-border payments in the future.
- Daniel McCarthy, commercial lead, Asia Pacific at Wise Platform, states that the new features bring businesses closer to solving the complexities of managing multi-currency cash flow and expanding internationally.
