Wise Deepens Roots In Canada With New INTERAC e-Transfer Request Money Feature

Customers now have even more convenient ways to fund their Wise Account and transfers using a suite of secure and trusted methods

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TORONTO, AUGUST 9, 2022 - Wise (LSE: Wise), the global technology company building the best way to move money around the world, today introduced the INTERAC e-Transfer Request Money feature, a new, more convenient way Canadians can move money into their Wise accounts. In collaboration with Peoples Payment Solutions, part of People's Group, Wise customers can securely move Canadian Dollars between Wise and other financial institutions in Canada using their email address or mobile number with money typically available within 30 minutes.

“Consumers and businesses are becoming more international, but continue to seek out offerings that are convenient and provide a seamless user experience across their favoured financial tools,” said Geoffroy Barruel, Canada Product Lead at Wise. “It’s why we’re excited to now provide our customers with a deeper INTERAC integration, which they’ve been asking for. This new feature is Wise’s latest evolution in ensuring we deliver offerings specifically built to give Canadians a range of options that best suit them.” 

As Canadians continue to seek out faster and more convenient payment options, Wise will continue to deepen its offering and build new features that meet the local needs of consumers and businesses in Canada. 

In fact, Wise has already launched several offerings tailored to Canadians, including the following:

  • Launched the Wise card: In November, Canadians were introduced to the Wise card. A card that is up to 4x cheaper than banks for spending abroad, giving consumers and businesses the ability to spend in USD and foreign currencies without foreign transaction fees and the usual bad exchange rates that banks may charge.
  • Introduced Auto Conversions: In March, Canadians were introduced to a new way to save on a more favourable exchange rate through Auto Conversions. Set your desired exchange rate and Wise will convert your money for you when your desired rate is met in the market.
  • Enabled INTERAC e-Transfer Payouts: As part of Wise’s commitment to meeting the local needs of Canadians, Wise has already allowed customers who receive money into their Wise account to move funds out of Wise to another Canadian account using INTERAC.

To learn more about Wise and its universal account visit https://wise.com/ca.

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 40 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 globally, which processes £9 billion in cross-border transactions every month, saving customers around £1.5 billion a year.

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