Flip partners with Wise Platform to Power Faster, Cheaper International Payments for Millions of Indonesians

Jakarta, Indonesia, 26 February  2025 - Flip, a leading financial technology group in Indonesia, has announced a strategic partnership with Wise Platform, Wise’s global payments infrastructure for banks and larger enterprises to enhance its international money transfer service, Flip Globe. This collaboration integrates Wise’s global payment capabilities into Flip’s user-friendly platform to offer faster, more reliable international money transfers.

Indonesia’s outbound remittance market is projected to reach USD$5.63 billion (IDR 91.96 trillion) by 20281, underscoring the growing demand for efficient international payment services. This enhancement directly caters to key segments, including parents supporting children studying abroad, freelancers, and expats who rely on international remittances.

Through this partnership, Flip’s millions of users can seamlessly send money in 15 currencies including KRW, MYR, CNY, EUR, and USD directly through the Flip app. This integration delivers several key benefits including fast transactions completed in seconds, transparent mid-market exchange rates without mark-ups, real–time transaction tracking and monitoring, and low transfer fees clearly displayed upfront for every transaction.

Rafi Putra Arriyan, Co-Founder of Flip, said, "We are delighted to welcome Wise Platform as one of our key partners in enhancing our international money transfer service, Flip Globe. Through this collaboration, millions of Flip users in Indonesia can enjoy the benefits of fair transfer fees and transparent forex rates, along with a wide selection of recipients' destinations, 24-hour customer support, and Flip's On-Time Guarantee. We are confident that this collaboration will provide the best international money transfer service in Indonesia, making Flip Globe the top choice. This aligns with Flip's mission to provide access to fair financial services for all Indonesians."

“The partnership with Flip is a significant step in our mission to make international payments faster, cheaper, and more transparent for Indonesians,” said Erma Epryani, Commercial Lead for Wise Platform in Indonesia. “Flip shares our vision of providing a seamless and efficient payment experience, and we’re thrilled to collaborate in helping Flip customers access fast, secure and low-cost international payments.” 

Flip Globe users, transactions and volume have grown 3x in the past two years. Beyond its robust international remittance services, Flip offers a comprehensive suite of financial solutions designed to address the diverse needs of Indonesian individuals and businesses starting from revolutionary interbank transfer, bill payments to financial management.