GoTyme Bank Enables Global Transfers Across 8 Currencies via Wise Integration

GoTyme Bank has launched an international remittance feature allowing users to execute digital transfers using the Wise network.

The service enables customers to send funds directly from their mobile application to more than 200 countries and territories.

Users can now process these international payments across 8 different global currencies without opening separate foreign accounts.

The supported currencies include the Australian dollar (AUD), Chinese yuan (CNY), British pound (GBP), Euro (EUR), Japanese yen (JPY), South Korean won (KRW), Singapore dollar (SGD), and US dollar (USD).

The digital banking provider recorded an 85% increase in unique users accessing its international payment features over the past year.

The platform provides customers with upfront visibility regarding transaction fees and exchange rates before they confirm their payments.

The application also includes accurate tracking features to help customers monitor their funds from initial dispatch to final delivery.

Foreign nationals residing in the Philippines can open accounts digitally to send money back to their home countries within minutes.

GoTyme Bank Chief Strategy and Proposition Officer Shern Teo stated that the service integrates global financial access into everyday banking.

“Send Money Abroad is part of our broader commitment to making global financial services more accessible and integrated into the everyday banking experience, allowing customers to manage both local and international transactions seamlessly within one app,” said Teo.

Wise Platform APAC General Manager Samarth Bansal noted that the partnership delivers transparent pricing and mid market exchange rates.

Bansal added that the integration meets the growing regional demand for faster and more affordable international money movement.

Featured image: Edited by Fintech News Philippines based on an image by via Magnific.