Statements and Blogs

News releases

• • 19 July 2023
  • Statements and Blogs

  Consumers and SMEs lost £5.6 billion in cross border fees last year: Fintechs demand Chancellor address the problem a...

  Today, some of London’s biggest fintech companies and interest groups have come together to demand an urgent review of legislation regarding hidden fees for international payments. Fifteen companie...

• • 15 March 2023
  • Statements and Blogs

  IBAN Discrimination: Stop Breaking the Law

  IBAN discrimination happens when your bank, gym, internet provider, tax authority, employer etc refuse to accept your (bank) account because it isn't from the "right" country.

• • 21 February 2023
  • Statements and Blogs

  Underwhelming progress: Wise launches 2022 remittance report

  Millions of us financially support friends and family abroad. But getting that money - so-called remittances - to the other side is much more expensive than it has to be.

• • 26 October 2022
  • Statements and Blogs

  Wise statement on the European Commission's instant payments proposal

  We hugely welcome the Commission’s proposal to make instant payments mandatory. It is the only way to make instant the norm. Banks have had the opportunity to implement SCT Inst since 2017, so it's...

• • 25 July 2022
  • Statements and Blogs

  PSD2 - we had our say, now have yours

  The European Commission has started a review process of the PSD2. They are asking how they can improve PSD2 so it works better for people and businesses across the EU. We believe that three key cha...

• • 30 June 2022
  • Statements and Blogs

  IBAN discrimination: How to ignore the law and get away with it

  In 2014, the European Union passed a law that made it illegal to discriminate against a bank account number (IBAN) from another European country.

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