Good news for local MSMEs and freelancers, Wise is expanding its footprint in the Philippines with the launch of Wise Business. After making waves last year as a go-to money transfer platform for travelers and gig workers, Wise is now giving Filipino entrepreneurs the tools to manage international payments more efficiently.
What’s in it for businesses?
With Wise Business, local MSMEs can receive overseas payments in 24 currencies, while also being able to send money abroad instantly at the mid-market exchange rate, no hidden fees attached. The platform promises transparency and convenience, two pain points for many PH businesses dealing with cross-border transactions.
Opening a Wise Business account is completely free, with no monthly charges or minimum balance. Employers can even request dedicated Wise Business cards for their teams, allowing global spending in over 150 countries while still setting limits and tracking expenses in real-time.
Smarter back-end management
Beyond payments, Wise Business integrates with accounting platforms like Xero and QuickBooks, letting entrepreneurs streamline bookkeeping and even create invoices directly within the app.
With this launch, Wise is positioning itself as a serious ally for PH businesses aiming to scale globally without the usual banking headaches.
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