Wise Expands Payment Links for Freelancers and Businesses in the Philippines

Wise, an international money transfer service, has expanded its integration with Philippine payment networks to provide faster cross-border transactions for freelancers, overseas workers, travelers, and small businesses. The company's customers can now receive payments in major currencies such as the US dollar, British pound, and Australian dollar using local account details.

This feature allows Wise customers to share their local account details with employers, clients, or family members sending money from abroad. This simplifies the process of receiving international payments and reduces the need for intermediaries, making transactions faster, cheaper, and simpler.

The company has also increased the real-time receiving limit for Wise Business accounts, allowing domestic payments of up to P500,000 through InstaPay. This higher limit can help businesses manage payroll, inventory purchases, and supplier payments more efficiently.