News archive

May 2022

• • 19 May 2022
  • Initiatives

  Transparency & PSD2 - here we go again!

  Financial providers hide fees whenever people send money abroad. They can continue to rip people off because the rules are too vague. You now have the chance to tell the European Commission that th...

December 2021

• • 16 December 2021
  • Statements and Blogs

  Hidden fees continue, despite EU transparency law: An open letter from the tech community to the European Parliament

  We came together with a group of tech companies in Europe to call on the European Parliament to take notice. As long as CBPR2 isn’t applied and enforced, European consumers will continue to lose out.

October 2021

• • 14 October 2021
  • Statements and Blogs

  $11.5B lost in remittance fees this year alone

  Today more than ever, low- and middle-income communities rely on money sent home from friends and family abroad. In 2021, G20 sending countries will send nearly $215 billion in remittances - but a ...

September 2021

• • 23 September 2021
  • Reports and Research

  People sending remittances from G20 countries set to lose $11.5bn in fees in 2021

  In 2021, people in G20 sending countries are estimated to send over $215 billion in remittances across borders to support families and friends. A new analysis of World Bank data, conducted by globa...

August 2021

• • 16 August 2021
  • Statements and Blogs

  1000 reports of IBAN discrimination submitted via Accept My IBAN

  Accept My IBAN, a coalition of companies that came together to combat the illegal practice of IBAN discrimination, announces today that it has received 1000 complaints of IBAN discrimination just f...

March 2021

• • 15 March 2021
  • Initiatives

  IBAN not accepted? Report it here 👉 Accept My IBAN

  IBAN discrimination has been against the law for 7 (seven!) years and it’s still something lots of people - and especially those living international lives - face way too often.

October 2020

• • 23 October 2020
  • Statements and Blogs

  Sending money home in times of COVID

  COVID-19 has thrown a wrench in all our plans for 2020. The pandemic has hit budgets across the globe and that’s reflected in the amounts of money people send to their family and friends back home ...

September 2020

• • 16 September 2020
  • Statements and Blogs

  Wise announces its first direct access integration in the EU, gets settlement account with the Central Bank of Hungary

  Wise has been granted direct access to Hungary’s payment infrastructure, a first in the European Union for the company. The Central Bank of Hungary (Magyar Nemzeti Bank, MNB) has provided the compa...

May 2020

• • 5 May 2020
  • Statements and Blogs

  Transparency comes to Europe, ish.

  In January, we highlighted a new European regulation, CBPR2, because it was meant to lower fees for some payments in the EU. Since 15 December 2019, firms are required to charge the same for a paym...

April 2020

• • 8 April 2020
  • Statements and Blogs

  Europe paves the way for payments that work for everyone

  Last week, the European Commission set out their ambitions for retail payments in Europe: making payments cheaper, faster, convenient and more transparent for consumers - a mission that the Wise te...