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...
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 ...
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...
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...
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...
New EU rules require all cross-border payments in euro in non-eurozone EEA countries to be priced the same as domestic payments. This regulation (the extension of the Cross-Border Payments Regulati...
Every year, Europeans lose more than €12.5billion to hidden fees when they send or spend their money abroad. This is because providers have been hiding extra fees in the exchange rate, yet advertis...
On the 5th November, the European Parliament votes on a new law that could put an end to misleading currency conversion charges in the EU. The proposed law, the Cross-border Payments Regulation, wo...