MEPs vote for fairer finance in Europe

Last week, Wise took the Know What You Pay campaign to the streets outside Parliament. We were there to ask them to vote to support a regulation that would dramatically reduce costs for every European who sends and spends money abroad.

The world's most confusing souvenir stand, by Wise

We did a lot.

  • We took over Politico’s front page with a cheeky cartoon designed by Belgian political cartoonist, LECTRR.
  • We set up the ‘World’s Most Confusing Souvenir stand’ right outside Parliament to show the problem to MEPs, their assistants and other passersby.
  • Hundreds of campaigners wrote to their policymakers to ask that they support this regulation.

We campaigned hard, and asked MEPs to listen. Not just to some money transfer company, but to the hundreds of thousands of affected Europeans.

And it worked.

On Monday, the Parliament voted overwhelmingly in support of the regulation. Only 3 members opposed.

Now the regulation will go into behind-the-scenes negotiations called ‘trilogues’, where the three EU institutions will debate the final shape of the proposals.

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About Wise

Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold over 50 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.

Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable technology companies and is listed on the London Stock Exchange under the ticker, WISE.

16 million people and businesses use Wise, which processes over €10 billion in cross-border transactions every month, saving customers over €1.6 billion a year.

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