Q4 2024 Mission Update: Speed
At Wise, we’re committed to giving you the best experience when sending money across borders. That’s why we’re always working to make your transfers instant....
Wise Expands in Brazil with New Payment Institution License
We have some excellent news to share: we’ve received our second licence from the Central Bank of Brazil, this time as a payment institution. Until now, we have operated with a foreign exchange broker licence, which allowed us to offer the Wise account, where you can receive, hold, and send money in over 40 currencies to 160 countries.
Why is this important for you, our customer?
With the new license, we’ll be able to expand our product offerings in Brazil and include new solutions such as individual Pix keys, local bank details, and QR code payments.
This is because the new license allows Wise to connect directly to the Brazilian Payment System (SPB), removing intermediaries and making the process even more transparent for our customers.
These products are already available in other markets, like the UK and the US, and now, we can speed up preparations to bring them to the Brazilian market.
At this special moment, we want to thank the more than 2 million Brazilians who already use our green card in Brazil. It’s you, using our card for your international travel and transactions, who motivate us to continue improving and offering an even more complete international account. Thank you!
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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