Wise Platforms partners with Allica Bank for enhanced cross-border money transfers

Wise Platform on Monday (4th December) announced a new partnership with Allica Bank. The collaboration is meant to offer businesses in the UK a cost-effective and transparent way of sending funds across the globe.

Wise Platform is a global payment infrastructure for banks and major businesses by the Wise money transfer company. On the other hand, Allica Bank is a challenger bank that targets established businesses with a workforce of between 10 to 250 workers.

Its partnership with Wise Platform will enable its customers to make global payments seamlessly and directly to 160 nations that are supported by the Wise money transfer company. Currently, Wise Platform has more than 70 partners including banks and major enterprises. It helps these entities integrate the efficacy of the Wise money transfer firm into their existing infrastructure.

Wise Platform’s Head, Steve Naude stated, “Our partnership with Allica Bank is a significant step forward bringing streamlined cross-border payments to more businesses across the UK…our partnership will ensure customers have access to quick, low-cost, and secure international transactions.”

Allica Bank’s Head of Product - Payments, Nida Sattar concurs with these remarks stating, “Partnering with Wise Platform provides our business current account customers with an even broader range of tools to help their business thrive. Our mission is to give established businesses the banking they deserve, and this integration with Wise Platform means our customers can spend more time focusing on their business, rather than the complexity and hidden costs associated with international payments.”