MBSB BANK LAUNCHES GET – GLOBAL EASY TRANSFER, BECOMES FIRST BANK TO PARTNER WITH WISE PLATFORM IN MALAYSIA

PETALING JAYA, 28 August 2025 – MBSB Bank Berhad has launched GET – Global Easy Transfer, a new international remittance service built in partnership with Wise, the global technology company specialising in cross-border payments.

With this launch, MBSB Bank becomes the first bank in Malaysia to partner with Wise Platform, Wise's global infrastructure for banks and enterprises, enabling customers to send money abroad in a simpler, faster, and more transparent way, directly through the Bank’s M Journey retail banking app.

GET – Global Easy Transfer is designed to solve real pain points that have long frustrated Malaysians: hidden fees, slow delivery times, unclear exchange rates, and lack of transfer visibility. At launch, customers can now send money in 12 currencies with real-time tracking, competitive exchange rates, and no hidden markups. This includes the United States (USD), the United Kingdom (GBP), Europe (EUR), Singapore (SGD), Indonesia (IDR), Australia (AUD) and many more.

Rafe Haneef, Group Chief Executive Officer of MBSB Bank said: “With GET – Global Easy Transfer, we are giving families, professionals and business owners the confidence to send money abroad knowing exactly how much will arrive and when. This is what customer-first innovation looks like.”

Transfers are instant or same-day, depending on the destination, and can be tracked end to-end—just like a parcel, from the moment it is initiated.

For thousands of Malaysian families, remittance is not optional, it is essential. With an estimated 55,000 Malaysians currently studying abroad in countries such as Australia, the UK and the US, international transfers are part of everyday life.

Whether it is tuition fees, accommodation, living allowances or emergencies, GET – Global Easy Transfer offers families a faster, clearer and more reliable way to support their loved ones from home.

Usman Ghouse, Group Chief Consumer Banking Officer of MBSB Bank added: “Remitting money should not be ambiguous. GET – Global Easy Transfer was designed to address the real frustrations we have heard from customers—extensive delays, hidden charges, and poor transparency. This partnership with Wise Platform is about offering world-class capability with local accountability.”

Samarth Bansal, APAC General Manager at Wise Platform said: “This partnership with MBSB Bank represents a significant milestone for Wise Platform - our first collaboration in Malaysia, enabling at least 22 million individuals in Malaysia to send money in a fast, secure, transparent and convenient way. With local payments in Malaysia and other parts of Asia Pacific being instant, customers now expect the same from cross-border transfers. We are excited to partner with MBSB to redefine cross-border payments and make international transfers as fast and convenient as domestic ones. MBSB Bank's commitment to customer-first innovation aligns perfectly with our mission, and together we're setting a new standard for cross-border payments in Malaysian banking."

• Trackable in real-time
• Transparent in pricing
• Instant or same day delivery
• Built on a powerful, global infrastructure, backed by local trust
• Zero transfer fee during the introductory phase
• High transaction amounts up to RM100,000 daily

The partnership supports MBSB Bank’s transformation into a modern, digital-first Islamic bank - offering practical, inclusive solutions that reflect how Malaysians live, work, and connect globally.

GET – Global Easy Transfer is now available in the M Journey app for existing MBSB Bank users, with zero transfer fees campaign currently ongoing.

New customers can start enjoying GET by opening an account with MBSB Bank easily via www.mbsbbank.com and begin sending money abroad instantly with competitive rates and real-time tracking.

About MBSB Berhad / Mengenai MBSB Berhad

MBSB (formerly known as Malaysia Building Society Berhad) has been a vital contributor of the nation’s financial services industry and economic development for more than 70 years. MBSB is also the financial holding company of MBSB Bank Berhad (MBSB Bank) and Malaysian Industrial Development Finance Berhad (MIDF). MBSB Bank is a progressive Islamic Bank that offers Shariah compliant banking facilities to retail, SME and corporate customers while MIDF is a financial services provider focusing on investment banking, development finance, and asset management.

MBSB (dahulu dikenali sebagai Malaysia Building Society Berhad) telah menjadi penyumbang penting kepada industri perkhidmatan kewangan negara dan pembangunan ekonomi selama lebih 70 tahun. MBSB juga merupakan syarikat pemegangan kewangan bagi MBSB Bank Berhad (MBSB Bank) dan Malaysian Industrial Development Finance Berhad (MIDF). MBSB Bank adalah sebuah bank Islam yang progresif yang menawarkan kemudahan perbankan patuh Syariah kepada pelanggan runcit, PKS, dan korporat, manakala MIDF adalah penyedia perkhidmatan kewangan yang memberi tumpuan kepada perbankan pelaburan, kewangan pembangunan, dan pengurusan aset.

About Wise Platform

Wise is a global technology company, building the best way to move and manage the world’s money. Over the last decade, Wise has built an entirely new network for the world’s money.

Thanks to Wise Platform, banks and large companies can leverage Wise’s technology and embed the best way to send, receive, and manage money internationally into their existing infrastructure. With a wide variety of partners worldwide, Wise Platform saves banks and businesses time and money by allowing them to seamlessly bring fast, cost-effective, transparent and convenient cross-border payments to their customers.