Fight for Transparency: An Open Letter from the Tech Community to the Politicians of Europe

On 5 November, MEPs voted to bring more transparency to international payments and make finance fairer.

We brought players from the tech community together and to collectively ask the European Council to support the Parliament's pioneering work. There has been opposition, but a vote in favour of a new proposal could finally put an end to expensive hidden charges and force providers to tell you how much you will pay.

We hope they'll listen.

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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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