Raiffeisen Bank International has partnered with Wise to enhance cross-border payment capabilities for its customers in Central and Eastern Europe.
Raiffeisen operates in 11 markets within the region and will implement the Wise Platform for both business and personal clients. The platform is backed by over 70 licenses and six direct connections to global payment systems, facilitating cross-border payments to around 160 countries in more than 40 currencies. Notably, 65% of transfers are settled in 20 seconds or less.
Matthias Dekan, head of payments and daily banking at Raiffeisen, commented, “In the past few years, we have seen growing customer demand and rising expectations for seamless international payments, and we’re looking forward to launching this innovative offering.”
This agreement with Raiffeisen marks another in a series of partnerships Wise has formed with various banking institutions to utilize its technology for international payments, following recent collaborations with Bank Mandiri, Zempler Bank, Morgan Stanley, and Standard Chartered.