MBSB Bank is expanding its Wise-powered overseas transfer service with a RM150,000 daily limit and support for 20 currencies.
The Global Easy Transfer (GET) service, developed with Wise Platform, is available through the bank’s M Journey app.
It supports currencies including the US dollar, British pound, euro and UAE dirham.
Customers can send money overseas, track transfers in real time and view exchange rates through the app.
MBSB Bank reported that 90 percent of transfers made through GET since its launch have been completed within one minute.
More than 90 percent of transactions have come from repeat users.
Rafe Haneef, Group Chief Executive Officer of MBSB Bank, said,
“Today’s customers increasingly want greater visibility and control over their transactions, without compromising speed, security, and cost transparency.
GET was designed to meet their needs in mind to make international transfers more convenient and accessible through a trusted banking platform.”
Samarth Bansal, General Manager for APAC at Wise Platform, said,
“International payments should be as fast, simple and transparent as domestic ones, and our partnership with MBSB Bank shows what’s possible when global payments technology meets trusted local banking.
With GET now available in 20 currencies, we’re excited to build on this momentum and make international payments easier for even more people and businesses.”
Existing MBSB Bank customers can access GET through the M Journey app, while new customers must first open an account with the bank.
Featured image: Edited by Fintech News Malaysia, based on image by Magnific
