Wise rolls out PHP account details in the Philippines, making it easier for customers to receive money
Manila, Philippines, 12 February 2025 – Wise, the global technology company building the best way to move and manage the world’s money, has launched PHP Account Details for its customers in the Philippines. This feature benefits users, such as freelancers, international students and expats in the country, to receive payments in Philippine Pesos (PHP) with zero fees into their Wise Account, providing a simpler and more convenient way to manage their finances without needing a traditional bank account or local address.
The roll out of PHP account details is the latest step in Wise’s ongoing mission to make international payments fast, affordable and transparent for everyone. Since launching in the market in May 2024, Wise has continuously introduced new features to help Filipinos to move and manage their finances across the globe. Recently, Wise gained direct access to InstaPay, the Philippines’ instant payments infrastructure, enabling instant payments (under 20 seconds) to PHP, allowing users to fund their Wise Account and card transactions quickly and conveniently via bank transfers or e-wallets like Gcash and Maya.
With the introduction of PHP account details, Filipinos – including freelancers, international students and expats in the Philippines – can receive local payments from friends, family, or employers just like a resident, giving them a seamless way to manage their Philippine pesos.
The addition of PHP account details also brings the total account details available to 23, including GBP, AUD, CAD, EUR, GBP, HUF, NZD, SGD, USD, and TRY. These account details are unique to each individual, allowing users to share them with your friends, companies or customers to receive money globally.
Areson Cuevas, Country Manager for Wise Philippines, said, “At Wise, we are constantly evolving to meet the needs of our Filipino customers. PHP account details, and the ability to instantly top up Wise accounts and card transactions through InstaPay, are among the most highly-requested features from our users. We believe these added capabilities will help users to seamlessly manage their finances and enjoy a convenient payment experience.”
Today, Wise customers in the Philippines can hold, send and receive money in over 40+ currencies instantly, with no holding fees or minimum balance required. They can also use the Wise Card to spend internationally in over 160 countries or online, at the mid-market rate (the rate that you’ll usually see on Google) with no hidden fees.
About Wise
Wise is a global technology company, building the best way to move and manage the world's money. With Wise Account and Wise Business, people and businesses can hold 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world's money.
One of the world’s fastest growing, profitable tech companies, Wise launched in 2011 and is listed on the London Stock Exchange under the ticker, WISE.
In fiscal year 2024, Wise supported around 12.8 million people and businesses, processing approximately £118.5 billion in cross-border transactions, and saving customers over £1.8 billion.
Contact details
Related topics
Related news
Wise launches Wise Business account in Hong Kong for local SMEs to streamline their multi-currency payments in a few ...
Wise launches international business account in Hong Kong to help businesses pay, get paid globally and manage 40+ currencies, helping them expand abroad with ease.
Flip partners with Wise Platform to Power Faster, Cheaper International Payments for Millions of Indonesians
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...
Win up to £3,888 in cash this Lunar New Year with Wise + Fengshui tips
Wise celebrates Lunar New Year with a lucky draw with cash prizes totalling £8,888 and fengshui tips for your Zodiac sign.
Standard Chartered partners with Wise Platform to transform international payments experience
Standard Chartered will integrate Wise’s infrastructure through the Wise Platform API to provide SC Remit customers in Asia and in the Middle East to send money in 21 currencies instantly and trans...